From Reddit: Here we have a cardboard box, about the size of a shoebox, filled with coins. Not a ton of them, just enough so that the all lay flat on the bottom of the box. There are three possible states for that box to be in: all coins heads-side-up, all coins heads-side-down, and the… Continue reading On Entropy
Price tags may be a thing of the past. Think airline pricing, Uber’s surge pricing, or secondary market pricing for concert and event tickets. In the future, we may see prices for everything fluctuate with demand. Here’s NPR’s take: http://www.npr.org/player/embed/415297089/415297557
Imagine you’re out to dinner and have purchased the 3-course prix fixe offering, which includes an appetizer, entrée, and dessert for one price (drinks are extra). You get to dessert and find you’re plenty full from the previous two courses. I’m sure each of us would justify eating the dessert despite being already full with… Continue reading The Sunk Cost Fallacy
Peter Diamandis, in his amazing book “Abundance: The Future is Better Than You Think” and then again in “Bold: How to Go Big, Create Wealth, and Impact the World” has a fun snippet looking at the cost of common smart phone technologies (applications) when they were first brought to large-scale market. On his list he has:… Continue reading What You Get in a Smart Phone
Just a list of things obsoleted by the Internet. Pretty amazing if you think about it. Time, i.e. the number you would call to hear a recording say “At the tone, the time is…” Phone books (e.g. Yellow Pages) The Dewey decimal system Video rental stores (e.g. Blockbuster) Encyclopedias and dictionaries Fax machines Letters/snail mail… Continue reading All Things Obsoleted by the Internet
Nope. See, for example: http://www.allaboutbirds.org/guide/Acadian_Flycatcher/lifehistory This falsehood was started by the Trivial Pursuit game I believe, and seems to have entered popular culture (e.g. “Assembling the Wreckage” by Kevin Fisher p. 109). For me, this is another example of the importance of critical thinking and always challenging the dominant paradigm.