Economics

Machiavellianism originates from Machiavelli’s most famous work, “The Prince,” written in 1513. It was a guidebook for new princes and rulers in maintaining power and control. Machiavelli’s central thesis was the separation of politics from ethics and morality. He argued that to maintain power, a ruler might have to engage in amoral or unethical actions for the state’s benefit. His stark realism and advocacy for political pragmatism were groundbreaking at the time.

Machiavelli’s work was revolutionary, providing a secular, pragmatic approach to governance, in contrast to the prevailing moralistic views of the era. His ideas were so radical that “Machiavellian” became synonymous with cunning, scheming, and unscrupulous behavior in politics. This term, however, is a simplification and somewhat misrepresents Machiavelli’s nuanced arguments about power and statecraft.

Throughout history, Machiavellianism has been interpreted in various ways. During the Enlightenment, philosophers like Rousseau criticized Machiavelli for promoting tyranny and despotism. However, in the 20th century, Machiavelli’s ideas were re-evaluated by political scientists who saw value in his separation of politics from morality, highlighting the complexity and real-world challenges of governance.

Machiavellianism in psychology

In psychology, Machiavellianism is defined as a personality trait characterized by a duplicitous interpersonal style, a cynical disregard for morality, and a focus on self-interest and personal gain. This concept was popularized in the 1970s by Richard Christie and Florence L. Geis, who developed the Mach-IV test, a questionnaire that identifies Machiavellian tendencies in individuals. People high in Machiavellian traits tend to be manipulative, deceitful, predatory, and exploitative in their relationships and interactions.

Machiavellianism in American politics

In American politics, Machiavellianism can be observed in various strategies and behaviors of politicians and political groups. Here are some ways to identify Machiavellian tendencies:

  1. Exploitation and Manipulation: Politicians exhibiting Machiavellian traits often manipulate public opinion, exploit legal loopholes, or use deceptive tactics to achieve their goals. This might include manipulating media narratives, twisting facts, disseminating disinformation, and/or exploiting populist sentiments.
  2. Realpolitik and Pragmatism: Machiavellianism in politics can also be seen in a focus on realpolitik – a theory that prioritizes practical and pragmatic approaches over moral or ideological considerations. Politicians might adopt policies that are more about maintaining power or achieving pragmatic goals than about adhering to ethical standards.
  3. Power Play and Control: Machiavellian politicians are often characterized by their relentless pursuit of power. They may engage in power plays, such as political patronage, gerrymandering, and/or consolidating power through legislative maneuvers, often at the expense of democratic norms.
  4. Moral Flexibility: A key aspect of Machiavellianism is moral flexibility – the ability to adjust one’s moral compass based on circumstances. In politics, this might manifest in policy flip-flops or aligning with ideologically diverse groups when it benefits one’s own interests.
  5. Charismatic Leadership: Machiavelli emphasized the importance of a ruler’s charisma and public image. Modern politicians might cultivate a charismatic persona to gain public support, sometimes using this charm to mask more manipulative or self-serving agendas.

Machiavellianism, stemming from the teachings of NiccolΓ² Machiavelli, has evolved over centuries, influencing both political theory and psychology. In contemporary American politics, identifying Machiavellian traits involves looking at actions and policies through the lens of power dynamics, manipulation, moral flexibility, and a pragmatic approach to governance.

While Machiavellian strategies can be effective in achieving political goals, they often raise ethical questions about the nature of power and governance in a democratic society.

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SOTU 2024 Joe Biden Presidential address

Strong economic messages of the Keynesian buttressing of the middle class that is Bidenomics were everywhere in evidence at last night’s State of the Union address, Biden’s third since taking office in 2021. In SOTU 2024 he spoke about stabbing trickle-down economics in its gasping heart as a repeated failure to the American people. Instead of giving another $2 trillion tax cuts to billionaires, Biden wants to give back to the people who he says built America: the middle class.

The President delivered strong, sweeping language and vision reminiscent of LBJ’s Great Society and FDR‘s New Deal. He also delivered a heartwarming sense of unity and appeal to put down our bickering and get things done for the American people.

“We all come from somewhere — but we’re all Americans.”

This while lambasting the Republicans for scuttling the deal over the popular bipartisan immigration bill thanks to 11th hour interference from TFG (“my predecessor” as JRB called him). “This bill would save lives!” He is really effective at calling out the GOP‘s hypocrisy on border security with this delivery.

“We can fight about the border or we can fix the border. Send me a bill!”

He is taking full advantage of being the incumbent candidate here. He has the power and the track record to do all these things he is promising, and he’s telling the exact truth about the Republican obstructionism preventing the American people from having their government work for them.

SOTU 2024 Joe Biden fiery speech with Kamala Harris and Mike Johnson in the background behind him

I love that he calls out Trump in this speech, without naming names — almost a kind of Voldemort effect. He who must not be named — because giving him the dignity even of a name is more than he deserves.

He says that Trump and his cabal of anti-democratic political operatives have ancient ideas (hate, revenge, reactionary, etc.) — and that you can’t lead America with ancient ideas. In America, we look towards the future — relentlessly. Americans wants a president who will protect their rights — not take them away.

“I see a future… for all Americans!” he ends with, in a segment reminiscent of the great Martin Luther King’s “I Have a Dream” speech, with its clear vision of power and authority flowing from what is morally right and just, instead of what is corrupt and cronyish. It gave me hope for the future — that Americans will make the right choice, as we seem to have done under pressure, throughout our history. 🀞🏽

Continue reading Biden SOTU 2024: Success stories and big policy ideas
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Dark money refers to political spending by organizations that are not required to disclose their donors or how much money they spend. This allows wealthy individuals and special interest groups to secretly fund political campaigns and influence elections without transparency or accountability.

The term “dark money” gained prominence after the 2010 Supreme Court decision in Citizens United v. Federal Election Commission. In that case, the Court ruled that corporations and unions could spend unlimited amounts of money on political campaigns, as long as the spending was not coordinated with a candidate’s campaign.

This decision opened the floodgates for massive amounts of dark money to flow into political campaigns, often with no way for the public to know who was behind it. Dark money can come from a variety of sources, including wealthy individuals, corporations, trade associations, and non-profit organizations.

Hidden donors

Non-profit organizations, in particular, have become a popular way for donors to hide their political contributions. These organizations can operate under section 501(c)(4) of the tax code, which allows them to engage in some political activity as long as it is not their primary purpose. These groups are not required to disclose their donors, which means that wealthy individuals and corporations can funnel unlimited amounts of money into political campaigns without anyone knowing where the money came from.

Another way that dark money is used in politics is through “shell corporations.” These are companies that exist solely to make political donations and are often set up specifically to hide the identity of the true donor. For example, a wealthy individual could set up a shell corporation and then use that corporation to donate to a political campaign. Because the corporation is listed as the donor, the individual’s name does not appear on any public disclosure forms.

The money can be used to run ads, create content and propaganda, fund opposition research, pay armadas of PR people, send direct mail, lobby Congress, hire social media influencers, and many other powerful marketing strategies to reach and court voters.

These practices erode at the foundations of representative democracy, and the kind of government the Founders had in mind. One is free to vote for who one wishes, and to advocate for who ones wishes to hold power, but one has no Constitutional right to anonymity when doing so. It infringes on others peoples’ rights as well — the right to representative and transparent government.

Dark money impact

Dark money can have a significant impact on elections and public policy. Because the source of the money is not known, candidates and elected officials may be influenced by the interests of the donors rather than the needs of their constituents. This can lead to policies that benefit wealthy donors and special interest groups rather than the broader public.

There have been some efforts to increase transparency around dark money. For example, the DISCLOSE Act, which has been introduced in Congress several times since 2010, would require organizations that spend money on political campaigns to disclose their donors (the acronym stands for “Democracy Is Strengthened by Casting Light On Spending in Elections”). However, these efforts have been met with resistance from groups that benefit from the lack of transparency — who, somewhat ironically, have been using their influence with the Republican Party to make sure the GOP opposes the bill and prevents it from passing, or even coming up for a vote at all.

In addition to the impact on elections and policy, dark money can also undermine public trust in government. When voters feel that their voices are being drowned out by the interests of wealthy donors and special interest groups, they may become disillusioned with the political process and less likely to participate.

Overall, dark money is a significant problem in American politics. The lack of transparency and accountability around political spending allows wealthy individuals and special interest groups to wield undue influence over elections and policy. To address this problem, it will be important to increase transparency around political spending and reduce the influence of money in politics.

Dark Money: Learn more

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Wealth Cult -- rich men behaving badly, by Midjourney

A network of exceedingly wealthy individuals and organizations have channeled their vast fortunes into influencing American politics, policy, and public opinion — they’ve formed a wealth cult. And they’ve leveraged that cult and its considerable fortune to influence and in many ways dramatically transform American politics.

The term “dark money” refers to political spending meant to influence the decision-making and critical thinking of the public and lawmakers where the source of the money is not disclosed. This lack of transparency makes it challenging to trace the influence back to its origins, hence the term “dark.”

And, it is dark indeed.

Wealth cult anchors the trench coat

The Wealth Cult is one of 3 primary groups or clusters supporting the right-wing and generally, the Republican Party. It anchors the trench coat by funding the 2 cults above it: the Christian Cult, and the White Cult.

Its story is stealthy and significant.

A bunch of billionaires toast themselves to themselves, by Midjourney

The wealth cult has funded disinformation campaigns, the spread of conspiracy theories, created fake social movements through astroturfing, enabled violent extremists to attack their country’s capitol, cruelly deprived vulnerable people (especially immigrants, poor people, and women) of the kind of state aid granted generously throughout the developed world, bribed regulators, rigged elections, crashed economies, and on and on in service of their extremist free market ideology beliefs.

They believe in “makers and takers,” or Mudsill Theory, as it was once called by pedophile and racist Senator and slavery enthusiast James Henry Hammond. Some people were born to serve others, they say. Hierarchies are natural, they claim. Wealthy men should make all the decisions — because that’s what’s best for everyone, they say in paternalistic tones.

I don’t buy it. I believe all men are created equal. So did a certain Founder of our country.

Continue reading Wealth Cult: The oligarchs influencing American politics from the shadows
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Below is a list of the covert gang of folks trying to take down the US government — the anti-government oligarchs who think they run the place. The Koch network of megarich political operatives has been anointing itself the true (shadowy) leaders of American politics for several decades.

Spearheaded by Charles Koch, the billionaire fossil fuel magnate who inherited his father Fred Koch’s oil business, the highly active and secretive Koch network — aka the “Kochtopus” — features a sprawling network of donors, think tanks, non-profits, political operatives, PR hacks, and other fellow travelers who have come to believe that democracy is incompatible with their ability to amass infinite amounts of wealth.

Despite their obvious and profligate success as some of the world’s richest people, they whine that the system of US government is very unfair to them and their ability to do whatever they want to keep making a buck — the environment, the people, and even the whole planet be damned. Part of an ever larger wealth cult of individuals spending unprecedented amounts of cash to kneecap the US government from any ability to regulate business or create a social safety net for those exploited by concentrated (and to a large extent inherited) wealth, the Koch network is the largest and most formidable group within the larger project of US oligarchy.

The Kochtopus

By 2016 the Koch network of private political groups had a paid staff of 1600 people in 35 states — a payroll larger than that of the Republican National Committee (RNC) itself. They managed a pool of funds from about 400 or so of the richest people in the United States, whose goal was to capture the government and run it according to their extremist views of economic and social policy. They found convenient alignment with the GOP, which has been the party of Big Business ever since it succeeded in first being the party of the Common Man in the 1850s and 60s.

Are we to be just a wholly-owned subsidiary of Koch Industries? Who will help stand and fight for our independence from oligarchy?

  • Philip Anschutz — Founder of Qwest Communications. Colorado oil and entertainment magnate and billionaire dubbed the world’s “greediest executive” by Fortune Magazine in 2002.
  • American Energy Alliance — Koch-funded tax-exempt nonprofit lobbying for corporate-friendly energy policies
  • American Enterprise Institute — The American Enterprise Institute (AEI) is a public policy think tank based in Washington, D.C. Established in 1938, it is one of the oldest and most influential think tanks in the United States. AEI is primarily known for its conservative and free-market-oriented policy research and advocacy.
  • Americans for Prosperity
  • Harry and Lynde Bradley — midwestern defense contractors and Koch donors
  • Michael Catanzaro
  • Cato Institute
  • Center to Protect Patient Rights — The Koch network’s fake front group for fighting against Obama‘s Affordable Care Act.
  • CGCN Group — right-wing lobbying group
  • Citizens for a Sound Economy
  • Club for Growth
  • Competitive Enterprise Institute — Right-wing think tank funded by the Kochs and other oil and gas barons
  • Continental Resources — Harold Hamm’s shale-oil company
  • Joseph Coors — Colorado beer magnate
  • Betsy and Dick DeVos — founders of the Amway MLM empire, and one of the richest families in Michigan
  • Myron Ebell — Outspoken client change denier picked to head Trump’s EPA transition team who previously worked at the Koch-funded Competitive Enterprise Institute.
  • Richard Farmer — Chairman of the Cintas Corporation in Cincinnati, the nation’s largest uniform supply company. Legal problems against him included an employee’s gruesome death thanks to violating safety laws.
  • Freedom Partners — the Koch donor group
  • Freedom School — the all-white CO private school funded by Charles Koch in the 1960s
  • FreedomWorks
  • Richard Gilliam — Head of Virginia coal mining company Cumberland Resources, and Koch network donor.
  • Harold Hamm — Oklahoma fracking king and charter member of the Koch donors’ circle, Hamm became a billionaire founding the Continental Resources shale-oil company
  • Diane Hendricks — $3.6 billion building supply company owner and Trump inaugural committee donor, and the wealthiest woman in Wisconsin.
  • Charles Koch — CEO of Koch Industries and patriarch of the Koch empire following his father and brother’s death, and estrangement from his other younger brother. Former member of the John Birch Society, a group so far to the right that even arch-conservative William F. Buckley excommunicated them from the mainstream party in the 1950s.
  • The Charles Koch Foundation
  • (David Koch) — deceased twin brother of Bill Koch and younger brother to Charles who ran a failed campaign in 1980 as the vice presidential nominee of the Libertarian Party — netting 1% of the popular vote. In 2011 he echoed spurious claims from conservative pundit Dinesh D’Souza that Obama got his “radical” political outlook from his African father.
  • The Leadership Institute
  • Michael McKenna — president of the lobbying firm MWR Strategies, whose clients include Koch Industries, picked by Trump to serve on the Department of Energy transition team
  • Rebekah Mercer — daughter of hedge fund billionaire and right-wing Koch donor Robert Mercer, she worked with Steve Bannon on several projects including Breitbart News, Cambridge Analytica, and Gab.
  • Robert Mercer — billionaire NY hedge fund manager and next largest donor after the Kochs themselves, sometimes even surpassing them
  • MWR Strategies — lobbying firm for the energy industry whose clients include Koch Industries, whose president Michael McKenna served on the Trump energy transition team
  • John M. Olin — chemical and munitions magnate and Koch donor
  • George Pearson — Former head of the Koch Foundation
  • Mike Pence — Charles Koch’s number one pick for president in 2012.
  • Mike Pompeo — former Republican Kansas Congressman who got picked first to lead the CIA, then later as Secretary of State under Trump. He was the single largest recipient of Koch money in Congress as of 2017. The Kochs had been investors and partners in Pompeo’s business ventures before he got into politics.
  • The Reason Foundation
  • Richard Mellon Scaife — heir to the Mellon banking and Gulf Oil fortunes
  • David Schnare — self-described “free-market environmentalist” on Trump’s EPA transition team
  • Marc Short — ran the Kochs’ secretive donor club, Freedom Partners, before becoming a senior advisor to vice president Mike Pence during the Trump transition
  • State Policy Network
  • The Tax Foundation
  • Tea Party

Koch Network Mind Map

This mind map shows the intersections between the Koch network and the larger network of GOP donors, reactionaries, and evil billionaires who feel entitled to control American politics via the fortunes they’ve made or acquired.

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Colloquially known as “throwing good money after bad,” sunk cost is a concept from behavioral economics that reflects our tendency to keep going with an investment long after it turns south, because we are psychologically unable to let go of a once good thing.

Sunk cost is considered a fallacy, because it represents an example of behavior that is technically irrational while being culturally ubiquitous.

The concept of sunk cost plays a crucial role in both traditional economics and behavioral economics, though it’s interpreted and applied somewhat differently in each field. At its core, a sunk cost refers to any expense that has already been incurred and cannot be recovered.

In conventional economics, this might include money spent on non-refundable purchases, investments in projects, or any other expenditures that, once made, cannot be refunded or reused. The fundamental principle here is that sunk costs should not influence ongoing or future decision-making, since these costs cannot be altered by any current or future actions.

Sunk cost in behavioral economics

However, when we transition to the realm of behavioral economics, the perspective on sunk costs shifts to focus on the psychological impact these irretrievable expenditures have on individuals’ critical thinking and decision-making processes.

Despite the rational advice to disregard sunk costs, individuals often fall prey to the “sunk cost fallacy.” This fallacy leads people to continue investing time, money, or other resources into ventures or products simply because they have already made significant investments, even if the current evidence suggests that continuing would not be beneficial. This behavior is driven by emotional factors such as commitment, fear of waste, or the desire to not appear inconsistent, rather than by logical economic reasoning.

Understanding the sunk cost fallacy is vital in both personal and professional contexts. It highlights the importance of making decisions based on future value and potential outcomes, rather than being anchored to past investments. Recognizing and overcoming this bias can lead to more economically rational decisions, allowing individuals and businesses to allocate resources more effectively and pursue paths that are more likely to yield positive results. In essence, the concept of sunk costs and the associated fallacy serve as a reminder of the complex interplay between economic theory and human psychology.

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High demand groups and cults are terms often used interchangeably, but they do have nuanced differences. Both are social organizations that exert a high level of control over their members, but the degree and nature of that control can vary.

High-Demand Groups vs. Cults

High-Demand Groups

These are organizations that require a significant commitment of time, resources, or emotional investment from their members. They can be religious, political, or even corporate in nature.

The key characteristic is the level of demand they place on members, which can sometimes be excessive but not necessarily harmful. One thing to watch for is if the commitment seems to steadily (or even quickly) increase over time — that’s a definite red flag.

Cults

A cult is a more extreme form of a high-demand group. Cults often have charismatic leaders who claim exclusive knowledge or power. They employ manipulative tactics to control members, isolating them from friends and family, and exploiting them emotionally, financially, or physically.

Often these cult leaders are narcissists, sociopaths, or even psychopaths. They feel no empathy and no shame, and get a cheap thrill from deceiving and manipulating others for their personal benefit.

A cult leader of a high demand group mesmerizing his look-alike followers, by Midjourney

The Relationship Between the Two

All cults are high-demand groups, but not all high-demand groups are cults. The line between the two can be blurry. A high-demand group becomes a cult when it starts to harm its members through manipulation, exploitation, or abuse.

Both cults and high demand groups often feature narcissists at all ranks, but especially in the leadership. Look for signs and behaviors like projection, emotional blackmail, black and white thinking, magical thinking, and word salad.

Recognizing high-demand groups and cults

  1. Charismatic Leadership: A single, charismatic leader who is the ultimate authority is a red flag.
  2. Isolation: Efforts to cut you off from friends and family should be taken as a warning sign.
  3. High Time Commitment: If the group demands an inordinate amount of your time, be cautious.
  4. Financial Exploitation: Be wary if you’re asked for large sums of money or to give up your financial independence.
  5. Exclusive Beliefs: Claims that the group has exclusive access to truth, salvation, or power are concerning.
  6. Fear and Guilt: Manipulation through fear, guilt, or threats is a classic control tactic.
  7. Lack of Transparency: If the group is secretive about its activities, goals, or finances, that’s a red flag.

How to avoid them

  1. Research: Always do your homework before joining any group. Look for testimonials or reports from ex-members.
  2. Consult Trusted Sources: Talk to friends, family, or professionals about the group.
  3. Take Your Time: Don’t rush into commitment. High-demand groups often pressure new recruits to make quick decisions in order to get you on the back foot.
  4. Set Boundaries: Make it clear what you are and are not willing to do.
  5. Trust Your Instincts: If something feels off, it probably is. Your gut knows!
Schlocky cult leader of a high-demand group, looking like a fake guru

High-demand groups and cults can have a profound impact on individual lives, often in detrimental ways. While high-demand groups may offer a sense of community and purpose, they can cross into harmful territory when they become exploitative or abusive, turning into cults. Recognizing the signs and knowing how to avoid them is crucial for safeguarding your emotional and financial well-being.

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Climate Change Denial: From Big Tobacco Tactics to Today’s Global Challenge

In the complex narrative of global climate change, one pervasive thread is the phenomenon of climate change denial. This denial isn’t just a refusal to accept the scientific findings around climate change; it is a systematic effort to discredit and cast doubt on environmental realities and the need for urgent action.

Remarkably, the roots of this denial can be traced back to the strategies used by the tobacco industry in the mid-20th century to obfuscate the link between smoking and lung cancer. This companies conspired to create a disinformation campaign against the growing scientific consensus on the manmade nature of climate change, to cast doubt about the link between the burning of fossil fuels and the destruction of the planet’s natural ecosystems — and they succeeded, for over half a century, beginning in 1953.

climate change and its denial, by Midjourney

Origins in big tobacco’s playbook

The origins of climate change denial lie in a well-oiled, public relations machine initially designed by the tobacco industry. When scientific studies began linking smoking to lung cancer in the 1950s, tobacco companies launched an extensive campaign to challenge these findings. Their strategy was not to disprove the science outright but to sow seeds of doubt, suggesting that the research was not conclusive and that more studies were needed. This strategy of manufacturing doubt proved effective in delaying regulatory and public action against tobacco products, for more than 5 decades.

Adoption by climate change deniers

This playbook was later adopted by those seeking to undermine climate science. In the late 20th century, as scientific consensus grew around the human impact on global warming, industries and political groups with a vested interest in maintaining the status quo began to employ similar tactics around lying at scale. They funded research to challenge or undermine climate science, supported think tanks and lobbyists to influence public opinion and policy, and used media outlets to spread a narrative of uncertainty and skepticism.

Political consequences

The political consequences of climate change denial have been profound. In the United States and other countries, it has polarized the political debate over environmental policy, turning what is fundamentally a scientific issue into a partisan one. This politicization has hindered comprehensive national and global policies to combat climate change, as legislative efforts are often stalled by ideological conflicts.

a burning forest of climate change, by Midjourney

Denial campaigns have also influenced public opinion, creating a significant segment of the population that is skeptical of climate science years after overwhelming scientific consensus has been reached, which further complicates efforts to implement wide-ranging environmental reforms.

Current stakes and global impact

Today, the stakes of climate change denial could not be higher. As the world faces increasingly severe consequences of global warming β€” including extreme weather events, rising sea levels, and disruptions to ecosystems β€” the need for decisive action becomes more urgent. Yet, climate change denial continues to impede progress. By casting doubt on scientific consensus, it hampers efforts to build the broad public support necessary for bold environmental policies that may help thwart or mitigate some of the worst disasters.

Moreover, climate change denial poses a significant risk to developing countries, which are often the most vulnerable to climate impacts but the least equipped to adapt. Denialism in wealthier nations can lead to a lack of global cooperation and support needed to address these challenges comprehensively.

Moving forward: acknowledging the science and embracing action

To effectively combat climate change, it is crucial to recognize the roots and ramifications of climate change denial. Understanding its origins in the Big Tobacco disinformation strategy helps demystify the tactics used to undermine environmental science. It’s equally important to acknowledge the role of political and economic interests in perpetuating this denial — oil tycoon Charles Koch alone spends almost $1 billion per election cycle, heavily to climate deniers.

A climate change desert, by Midjourney

However, there is a growing global movement acknowledging the reality of climate change and the need for urgent action. From international agreements like the Paris Accord to grassroots activism pushing for change, there is a mounting push against the tide of denial.

Climate change denial, with its roots in the Big Tobacco playbook, poses a significant obstacle to global efforts to address environmental challenges. Its political ramifications have stalled critical policy initiatives, and its ongoing impact threatens global cooperation. As we face the increasing urgency of climate change, acknowledging and countering this denial is crucial for paving the way towards a more sustainable and resilient future.

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When someone has skin in the game, they have some stake in the outcome of their opinion or decision. They are incentivized to act in their own best interest, naturally aligning them with the best outcome. It mitigates effects like moral hazard, which misaligns incentives of the parties in an interaction based on an asymmetry of knowledge, power, and/or other factors.

The metaphor of skin in the game also relates to a number of core concepts in moral philosophy:

  • moral hazard
  • fairness
  • justice
  • transparency
  • authenticity
  • integrity
  • responsibility
  • good faith
  • honor
  • honesty
  • truthworthiness
  • forthrightness
  • earnestness
  • steadfastness
  • being true to one’s word

The term “skin in the game” is said to have originated from gambling, where it denotes having a personal stake or investment in an endeavor. In a broader sense, it implies that individuals or entities have something of personal value at risk in the outcome of a situation, typically financial or reputational.

Ethical implications

  1. Accountability and Responsibility: When an individual or entity has “skin in the game,” they are more likely to act responsibly and ethically. This stems from the direct impact their actions will have on their own welfare. For example, a business owner with a substantial personal investment in their company is more likely to make decisions that ensure long-term sustainability over quick, risky profits that could jeopardize the business.
  2. Trust and Credibility: In contexts like financial advising or political leadership, having “skin in the game” builds trust. Stakeholders are more likely to trust someone who shares in the risks and rewards. It demonstrates a commitment to shared outcomes, which can be a strong ethical foundation.
  3. Moral Hazard Reduction: The concept helps mitigate moral hazardsβ€”situations where one party takes risks because another party bears the cost of those risks. For instance, if a CEO’s compensation is tied to the company’s performance, they have a vested interest in the company’s success, reducing the likelihood of risky behavior that could harm the company while benefiting themselves personally.

Aligned incentives

The notion of “skin in the game” is closely linked to the alignment of incentives, which is crucial for effective and ethical decision-making.

  1. Mutual Interests: When all parties involved in a decision or project have something at stake, their interests become more aligned. This alignment leads to decisions that are more likely to benefit all involved, rather than favoring one party at the expense of others.
  2. Long-term Planning: Aligned incentives encourage long-term thinking. When decision-makers share in the long-term risks and rewards, they are incentivized to plan for sustainable growth and stability.
  3. Risk Sharing: It also implies a fair distribution of risks. In a well-aligned system, no single party bears an undue burden of risk, which fosters a more equitable and ethical environment.

Skin in the game quotes

The price of greatness is responsibility.

Winston Churchill

Top Mental Models for Thinkers β†—

Model thinkingΒ is an excellent way of improving our cognition andΒ decision making abilities.

28 Cognitive distortions list β†—

Cognitive distortions are bad mental habits and unhelpful ways of thinking that can limit one’s ability to function in the world.

24 Logical fallacies list β†—

Recognizing and avoiding logical fallacies is essential for critical thinking and effective communication.

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republican vs. democrat cage match boxing ring

Buckle up, we’re in for a wild ride. Many of the serious scholars of political history and authoritarian regimes are sounding the alarm bells that, although it is a very very good thing that we got the Trump crime family out of the Oval Office, it is still a very very bad thing for America to have so rapidly tilted towards authoritarianism. How did we get here?! How has hyper partisanship escalated to the point of an attempted coup by 126 sitting Republican House Representatives? How has political polarization gotten this bad?

These are some of the resources that have helped me continue grappling with that question, and with the rapidly shifting landscape of information warfare. How can we understand this era of polarization, this age of tribalism? This outline is a work in progress, and I’m planning to keep adding to this list as the tape keeps rolling.

Right-Wing Authoritarianism

Authoritarianism is both a personality type and a form of government — it operates at both the interpersonal and the societal level. The words authoritarian and fascist are often used interchangeably, but fascism is a more specific type of authoritarianism, and far more historically recent.

America has had flavors of authoritarianism since its founding, and when fascism came along the right-wing authoritarians ate it up — and deeply wanted the United States to be a part of it. Only after they became social pariahs did they change position to support American involvement in World War II — and some persisted even after the attack of Pearl Harbor.

With Project 2025, Trump now openly threatens fascism on America — and sadly, some are eager for it. The psychology behind both authoritarian leaders and followers is fascinating, overlooked, and misunderstood.

Scholars of authoritarianism

  • Hannah Arendt — The Origins of Totalitarianism
  • Bob Altemeyer — The Authoritarians
  • Derrida — the logic of the unconscious; performativity in the act of lying
  • ketman — Ketman is the psychological concept of concealing one’s true aims, akin to doublethink in Orwell’s 1984, that served as a central theme to Polish dissident CzesΕ‚aw MiΕ‚osz‘s book The Captive Mind about intellectual life under totalitarianism during the Communist post-WWII occupation.
  • Erich Fromm — coined the term “malignant narcissism” to describe the psychological character of the Nazis. He also wrote extensively about the mindset of the authoritarian follower in his seminal work, Escape from Freedom.
  • Eric Hoffer — his book The True Believers explores the mind of the authoritarian follower, and the appeal of losing oneself in a totalist movement
  • Fascism — elevation of the id as the source of truth; enthusiasm for political violence
  • Tyrants and dictators
  • John Dean — 3 types of authoritarian personality:
    • social dominators
    • authoritarian followers
    • double highs — social dominators who can “switch” to become followers in certain circumstances
  • Loyalty; hero worship
    • Freud = deeply distrustful of hero worship and worried that it indulged people’s needs for vertical authority. He found the archetype of the authoritarian primal father very troubling.
  • Ayn Rand
    • The Fountainhead (1943)
    • Atlas Shrugged (1957)
    • Objectivism ideology
  • Greatness Thinking; heroic individualism
  • Nietszche — will to power; the Uberman
  • Richard Hofstadter — The Paranoid Style
  • George Lakoff — moral framing; strict father morality
  • Neil Postman — Entertaining Ourselves to Death
  • Anti-Intellectualism
  • Can be disguised as hyper-rationalism (Communism)
  • More authoritarianism books
Continue reading Hyper Partisanship: How to understand American political polarization
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What are the signs of fascism? And what is fascism? Fascism is a complex and multi-faceted ideology that can manifest in various ways, making it challenging to pin down with a single definition. However, there are certain signs, traits, tactics, and behaviors that are commonly associated with it. Here’s an overview:

Traits

  1. Authoritarianism: Fascism is inherently authoritarian, advocating for a centralized power structure, often under a single charismatic leader.
  2. Nationalism: Extreme nationalism is a hallmark, often coupled with the belief in the inherent superiority of one’s own nation over others — a form of collective narcissism.
  3. Militarism: A strong emphasis on military power and aggression as a means to achieve national objectives is common. Many fascists are former military and/or current militia members.
  4. Anti-Intellectualism: Fascist regimes often distrust intellectuals and experts, preferring emotion and popular sentiment. Railing against the “Eastern elite” is a common refrain.
  5. Xenophobia and Racism: There’s often a strong element of fear or hatred towards outsiders or people considered “different.”
  6. Traditionalism: A romanticized, mythologized view of the past and a desire to return to so-called “traditional” values.
  7. Anti-Communism: A strong opposition to left-wing ideologies, particularly communism and socialism.

Tactics

  1. Propaganda: The use of propaganda to manipulate public opinion is rampant in fascist regimes. Often, conspiracy theories are used to whip up strong emotion quickly.
  2. Suppression of Dissent: Any form of opposition is often met with severe punishment, including imprisonment or even death.
  3. Cult of Personality: Leaders often build a cult of personality around themselves, portraying themselves as the saviors of the nation.
  4. Scapegoating: Blaming societal problems on a particular group, often minorities, to divert attention from real issues. One of the oldest examples is antisemitism.
  5. Control Over Media: The media is often state-controlled or heavily influenced to propagate the regime’s messages.
  6. Political Violence: The use of violence, or the threat thereof, is common to intimidate opposition and enforce policies.

Behaviors and Beliefs

  1. Dogmatic Beliefs: A refusal to consider alternative viewpoints or engage in constructive debate.
  2. Manipulation of History: Rewriting, distorting, or hiding historical facts to suit the regime’s preferred narrative.
  3. Secrecy and Surveillance: A lack of transparency and an emphasis on surveillance to monitor citizens.
  4. Economic Control: Often, there’s a form of state capitalism where the government controls key industries.
  5. Social Darwinism: A belief in the survival of the fittest, often used to justify social inequality.

Identifying a Fascist

Identifying someone as a fascist can be complex due to the ideology’s fluid nature. However, if an individual strongly exhibits many of the traits, tactics, and behaviors listed above, it could be a sign. Fascism is a multi-dimensional ideology that can manifest in various ways but generally includes authoritarianism, extreme nationalism, and a range of tactics aimed at maintaining power. Understanding these signs is crucial for recognizing and combating the rise of fascist ideologies.

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Words, words, and more words.

In a world of increasing disinformation, it’s more important than ever to be armed with actual information. And being curious about the meaning, nature, and origins of things is a rewarding journey in and of itself.

Think of these dictionaries as tools for your mind — they can help you make connections between concepts, understand the terminology being used in the media and all around you, and feel less lost in a sea of dizzying complexity and rapid change. A fantastic vocabulary also helps you connect with people near and far — as well as get outside your comfort zone and learn something new.

Dictionaries List

This section includes dictionaries and definitions of important terms in important realms — and is continually being built out. Stay tuned!

Terms and Concepts

Authoritarianism and American Fascism

Authoritarianism is a political system where a single leader or a small group holds significant power, often without the consent of the governed. Decisions are made by authorities without public input, and individual freedoms and democratic principles are usually suppressed. The government may control various aspects of life, including media and the economy, without checks and balances. This leads to a concentration of power that can foster corruption and human rights abuses. In an authoritarian regime, obedience to the authorities is often emphasized over personal liberties and democratic participation.

Psychology

Definitions and terms relating to the study of the mind, including ideas from social psychology, political psychology, positive psychology, and Buddhist psychology.

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A growing body of psychological and cognitive research is showing that the conservative mind has a few things in common. Some research suggests that conservatives may be more attuned to potential threats and have a stronger emotional response to them compared to liberals. For example, studies have found that conservatives tend to have greater physiological responses to images and sounds that evoke fear or disgust.

Other studies have found that conservatives tend to score higher on measures of cognitive closure, which refers to the tendency to seek closure and avoid ambiguity and uncertainty. This may manifest as a preference for traditional values, adherence to fundamentalism, and a resistance to change. Additionally, conservatives may be more likely to rely on heuristics (mental shortcuts) when making decisions, whereas liberals may be more likely to engage in deliberative thinking.

It’s possible these traits at growing scale could present a profound challenge for American democracy in years to come:

More on the conservative mentality:

Fairness vs. Hierarchy β†—

Liberals believe in fairness; conservatives believe in hierarchy.

Rule of Law vs. Cult of Personality β†—

Democracy is built on the rule of law, but the right-wing tends to prefer a cult of personality.

Artists vs. Fundamentalists β†—

Artists are famously left-wing, and fundamentalists are classically right-wing..

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Psychopaths are the pinnacle creatures of Cluster B — a group of personality disorders that all include pathological narcissism or NPD as a foundation. A psychopath is a cold-blooded human predator, devoid of empathy — they can be very cruel and very dangerous. They feel no shame — they consider shame the hallmark of Lesser People.

Psychopaths and their slightly-less-chilling counterparts the sociopaths (together: ASPD) make up roughly 5% of the general population — a figure which generally shocks people. That’s right — about 1 in 20 of all the people you have ever met, functionally speaking, have very little conscience. Some of them choose to behave ethically for various purposes, but many do not. They are certainly not to be trusted.

Part of the dark triad

The dark triad in psychology refers to psychopathy along with two other personality traits: narcissism, and Machiavellianism. These individuals exhibit a manipulative and malevolent style with others.

Attributes of psychopaths (this page is a work in progress):

  • no moral code beyond self-interest; ruthless
  • emotional predators
  • transactional worldview; everything and everyone is for sale
  • emotional black holes
  • they suck empathy out of the system, destructively; emotional vampires
  • emotional parasites, feeding off of others’ emotional energies and giving nothing back
  • the closest thing to pure evil in a human being

Famous examples in history and culture:

  • Hannibal Lecter
  • Ted Bundy
  • Charles Manson
  • Adolf Hitler
  • Ramsay Bolton

It’s important to note, though, that not all sociopaths are killers — far from it. These are simply the notable examples most people have heard of, to get a reference point on what these personality types are like.

Most sociopaths — unfortunately — are the guy next door, the woman at work, or the dude who took you home in his Uber. They’re someone you know.

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Top Mental Models for Thinkers

Mental models are different ways of mapping or viewing a system or a problem. They are frameworks that help explain what’s going on, and predict what’s likely to happen next.

Model thinking is an excellent way of improving our cognition and decision making abilities. Thinking in models helps us understand how new concepts fit with older observations, and what theories and metaphors are likely to endure.

They are useful in strategy, decision-making, analysis, planning, and a broad range of applications in both our personal and professional lives. It’s a good investment to spend time learning models — which are most typically extensible outside their original field of interest.

Often more than one model can apply to a situation or problem. Models are useful for picturing the issue in a different way, through a different lens — and perhaps to see something before unseen. They can help us try out different scenarios with ideas or personas.

Top Models and Concepts

We all have learnings in our lives we consider more precious than others — explanations and predictions that endure and keep on giving, versus those that fade away. Our core models form the backbone of our thinking and decision-making throughout our lives; it’s our grab bag of problem solving tools — and we want to have a resilient Swiss Army Knife at the ready at all times. These mental models help us understand a complex world, and prepare for all the changes that are inevitably ahead.

This set of top models below is my personal “desert island” set of model thinking concepts. These are the ones I really wouldn’t want to be caught dead leaving the house without.

Once these are on lock, head over to the unabridged models section for more model thinking goodness!

I will continue to add to this list over time as well as fill in the number of holes that remain in the set. Learning about new mental models is one of my favorite activities — it’s the closest thing to a superpower I can think of.

TermTypeTopicDefinition
80/20 ruleModelEconomicsAlso known as a power law, or the Pareto Principle
absolute advantageTermEconomicsThe ability of a party to produce a product or service more efficiently than any of its competitors.
absolute valueTermMathThe value of a function irrespective of its sign (positive or negative). Its distance from zero, expressed as a positive.
accessibilityTermPsychologyHow easy something is to call to mind
acquittalLegal precedentLawA judgment of not guilty in a criminal trial
activation energyTermScienceA chemistry term that describes the minimum energy required for a chemical system to react; the amount of energy required to get two or more compounds to react.
adverse selectionTermEconomicsInsurance phenomenon in which buyers or sellers in a transaction can use insider knowledge to unfairly get a better advantage over the other party or parties
a fortioriLogicLogicFrom the Latin, "from a stronger argument," the phrase refers to conclusions for which there is stronger evidence than a previously accepted one.
akrasiaTermPsychologyA state of mind where someone acts against their own better judgment due to weakness of will.
alea iacta estMetaphorMetaphorIn Latin, "the die is cast" -- attributed to Julius Caesar as he crossed the river Rubicon, leading an attack on Rome: a metaphor for a point of no return.
allocationMethodEconomicsDistributing resources, assets, or funds amongs recipients.
"All the world's a stageβ€œMetaphorArtsShakespearean metaphor likening culture to a theatrical performance: "And all the men and women merely players; They have their exits and their entrances ..." β€”William Shakespeare, As You Like It
Amara's LawTheoryScienceWe tend to overestimate the effect of a technology in the short run and underestimate the effect in the long run.
annuityTermEconomicsA series of regular payments at equal intervals.
antifragilityModelEconomicsThings that can benefit from disorder, and grow stronger amidst chaos. When something grows stronger under stress; when there is more upside to downside of experiencing a shock to the system.
antimatterTheoryScienceAntimatter particles are the precise opposite charge and spin from their matter counterparts, but identical otherwise.
appreciationModelEconomicsThe tendency of an asset to appreciate, or grow, with value over time.
a prioriLogicPhilosophyInformation deduced from logical precedents versus empirical observation.
arbitrageModelEconomicsA method of turning profit via simultaneous purchase and sale of the same assets in different markets, benefiting from the differences in listed price in various geographical regions.
archetypesSymbolPhilosophyAn ideal type; a model after which others are fashioned.
arrow of timeTheoryScienceTheory of physics stating an asymmetry of time -- that time has a one-way direction in which the entropy of the universe is only increasing. Although human beings perceive the past as being different from the future -- and that we remember the past, but not the future -- intrinsically there is nothing in the structure of the universe that defines past from future. Time is instead an emergent feature.
artificia docuit famesAncient WisdomPhilosophyLatin saying meaning, "sophistication is born out of hunger" -- a metaphor for innovation and genius being awakened by challenge, difficulty, and constraints.
ASCIITermTechnologyAmerican Standard Code for Information Interchange: a standard character translation table used by computers to convert numerical representations into printable characters.
asking a fish about waterMetaphorMetaphorThere are these two young fish swimming along, and they happen to meet an older fish swimming the other way, who nods at them and says, β€œMorning, boys. How’s the water?” And the two young fish swim on for a bit, and then eventually one of them looks over at the other and goes, β€œWhat the hell is water?”
assetTermEconomicsA valuable object or good.
astroturfingMethodPoliticsThe deceptive political practice of paying operatives to pose as members of the public engaging in "grassroots protest" as a way of adding plausible deniability as well as amplification of their point of view.
asymmetric encryptionTermComputer ScienceAlso known as public-key cryptography, asymmetric encryption encrypts and decrypts the data using two separate keys that are related mathematically (a public and a private key).
asymptoteTermMathThe graph of a curve as it is approaching a numerical value or limit, but never quite reaching it.
autophagyExperimental findingBiology, MedicineThe body's way of cleaning out damaged cells and replace them with newer, healthier cells. Literally, "self-eating."
availability biasModelPsychologyCognitive distortion arising from the unconscious preference for information that is recent rather than what is representative.
averageMethodMathA measure of central tendency of a set of data, whether the mean, media, or mode.
balance sheetMethodEconomicsA financial document showing the book value of a company, i.e. how much it's worth.
balancing loopModelSystems theoryA balancing loop attempts to move a current state (the way things are) to a desired state (goal or objective) though an action (thing(s) done to reach the goal).The balancing loop is one of the two foundational structures of systems thinking, along with the Reinforcing Loop. A balancing loop is representative of any situation where there is a goal or an objective and action is taken to achieve that goal or objective.
Baldwin EffectModelScienceAs organisms learn to shape their environment, they can alter the path of evolution. For example, with the advent of dairy farming, selection pressures began favoring lactose absorption genes in humans.
bank reservesTermEconomicsCash minimums banks must have on hand to meet regulatory requirements ensuring the financial system is equipped to handle periodic shocks in demand for withdrawals.
bank runTermEconomicsEconomic term for when a large group of bank depositors withdraw their money all at once -- once a common occurrence that rarely happens anymore in the modern world.
base conversionMathMathThe base is how many numbers there are in a number system; we use base 10 primarily, and computers use base 2, aka binary. Base conversion is the method of converting numbers from one base system to another.
Base Rate FallacyModelPsychologyA type of fallacy in which people tend to ignore the general prevalence of something in favor of specific anecdotes.
base weightingMathStatistics
Bayes' TheoremMethodMathA mathematical method of determining the updated probability of a certain event or case, given new information.
bend the kneeMetaphorSocial psychologyGive up one's own opinion and swear fealty to a higher authority.
betaMethodEconomicsIn finance, a term that refers to investments tracking the broad market performance of an exchange or industry sector
The Big BangModelScienceThe massive explosion which spawned our entire universe, back at the beginning of time.
The Big CrunchModelScience
binary numbersMathMath
binomial distributionMathStatistics
Binomial TheoremTheoryMath
black holeTheoryScience
Black-Scholes modelModelEconomics
Black SwanModelEconomicsA highly improbable and unexpected event -- which yet occurs with more frequency than one might generally assume.
blockchainTermTechnologyThe basis of cryptocurrency, blockchain technology is a kind of public ledger or shared database that records transactions transparently and out in the open, in a way that anyone can access or verify.
boiling frogMetaphorPhilosophyA metaphor for the common occurence of slow, gradual changes over time not being noticed, like the (contested) legend of a scienfitic experiment that boiling a frog alive by starting with tepid water and slowly turning up the temperature.
bondMethodEconomics
Boyle's LawScientific LawScienceA scientific law that describes the relationship between the pressure and the volume of a confined gas.
boundary objectTheoryTechnologyInformation science concept describing information used in different ways, by different communities, for collaborative work through scales.
bounded rationalityExperimental findingPsychologyA central challenge to the c. 1776 ideas of Adam Smith regarding the Invisible Hand of markets, this 20th c. psychological theory posits that rather than making optimized rational decisions, at most times the average person is "satisficing" or making the most expedient choice under considerable constraints and lack of available information
bricolageMethodArtsCombination of many types and forms into one piece; a pastiche or mashup of style and cultural referents
broken windows theoryTheoryLaw
Butterfly EffectModelScience
bystander effectExperimental findingPsychology
cadenceTermArts
camel's noseMetaphorPhilosophya metaphor describing how allowing a smaller innocuous act may lead to larger acts that are undesirable
capital gainsTermEconomicsMoney that is earned as a result of a stock investment appreciating in value β€” the capital "gains in value"
capital requirementsEconomicsActual cash on hand for banks to theoretically offer at a given time, with the rest lended out as leverage
carbon-14Scientific LawScience
carbon datingMethodScienceA way to scientifically determine the age of an organic object by radioactive decay.
carpe diemAncient WisdomPhilosophyIn Latin, "seize the day" -- a reference often used to motivate oneself and others to act boldly and live vigorously in the moment.
cartelEconomics
catalystModelScience
categorical dataMath
causa-sui projectTheoryPsychology
cause and effectModel
caveat emptorAncient WisdomStrategy"Beware, the buyer" in Latin -- a reference to a warning about what one is getting into.
cellular automataMath
Central Limit TheoremMathStatisticsIn probability theory, the CLT establishes that independent random variables when measured will tend towards the normal distribution.
central tendencyMathStatisticsA measure of the midpoint of a data set; includes mean, median, and mode.
ceteris paribusMethodEconomics"All other things being equal"; holding the effects of other variables constant to determine the effects on a single variable of interest.
charge preservationScience
charlatanPsychologyone who aspires to wealth &/or fame through trickery and deception
Chesterton's FenceModelMetaphor
chilling effectTermHistoryThe inhibition of one's legitimate exercise of natural and legal rights by threat of legal sanction.
cognitive biasExperimental findingPsychology
collapseModelSystems theory
comparative advantageEconomics
composite eventsStatisticsin probability
compound interestModelEconomics
conditionalsMath
Condorcet Jury TheoremMathStatistics
confidence intervalStatisticsthe range of values over which a predicted outcome may lie; the amount of certainty one has about the predicted value falling within the estimated range
confirmation biasExperimental findingPsychology
conflationPsychology
consent of the governedPhilosophyPoliticsConcept of political philosophy in which a government's legitimacy and right to use state power is only justified if consented to by the people over whom said power is wielded.
consequentialismPhilosophy
conservation of energyScientific LawChemistryIn a closed system, total energy remains constant.
conservation of massScientific LawPhysicsIn a closed system, mass remains constant.
conservation of momentumScientific LawPhysicsIn a closed system, momentum remains constant.
constraintsMath
Consumer Sentiment IndexEconomics
continuous vs. discrete variablesStatistics
Copernican theory of the solar systemScientific LawScience
correlationStatistics
correlation coefficientStatistics
correlation is not causationScientific LawStatistics
cosineMathMath
counterfactual
countervailing powerEconomicsEconomist John Kenneth Galbraith's concept for how collective worker power is needed to balance against growing corporatism in the economy.
creative destructionModelEconomicsEconomist Joseph Shumpeter's idea for how the business cycle works: by innovation disrupting established processes and industries and forcing change into markets, often destructively and swiftly.
credo quia absurdum"I believe because it is absurd" β€” Tertullian's defense of belief in the miracles attributed to Christ
critical massScience
crossing the RubiconMetaphorHistoryMaking a decision from which there is no turning back; a reference to Julius Caesar's overthrow of the Roman republic to found the Roman Empire in 49 BCE.
cross-sectional dataMath
crowdfundingEconomics
crowdsourcingMethodSystems theory
cryptocurrencyEconomics
Dark MatterTheoryScience
dead hand of the pastPhilosophyHistoryProblem inherent in constitutional political philosophy, where eventually a people becomes ruled by "masters" no longer alive, who rule by "fiat" via a document, from beyond the grave (Thomas Jefferson's concept)
death spiral
decision theorySystems theory
decision treeMethodComputer Science
de minimisLegal precedentLaw
depreciationMethodEconomics
derivativesMath
diminshing marginal utility (DMU)ModelEconomics
directory structureComputers
dispersionMathStatisticsthe amount of variation within a set of data; how spread out the data points are from each other
distributionsMathStatistics
divergent thinkingPsychology
diversityExperimental findingScience
Diversity Prediction Theorem
dividend paymentsMethodEconomicsPeriodic, usually quarterly, payouts to stockholders of the company when posting profits. Along with capital gains, one of the 2 primary reasons to invest in stocks.
Dodd-Frank Act of 2010Legal precedentEconomicsdefinitive financial regulation of the financial industry following the 2007-8 financial crisis
domain dependence
Doppler EffectScientific LawPhysics
double helix
doxaSocial psychologycommon belief or opinion
Drake EquationModelScienceEstimation of the number of technological civilizations that might exist in the universe.
dualismPhilosophy
Dunbar numberTheoryPsychology
Dunning-Kruger EffectExperimental findingPsychologyA cognitive bias in which people mistakenly assess their cognitive ability as higher than it actually is, because they cannot recognize their incompetence in comparison to others.
Duverger's LawModelPoliticsHolds that plurality-rule elections within single member districts β€” such as the structure found in the U.S. β€” tend to favor two-party systems
Easterlin paradoxExperimental findingEconomicsBeyond a certain point, countries don't get happier as they get richer.
economies of scaleEconomics
edge caseMetaphorScience
elasticity; price elasticityModelEconomicsThe ability of pricing mechanisms to respond quickly or less quickly to changes in prevailing conditions.
elasticity of demandModelEconomics
elasticity of supplyModelEconomics
electromagnetic spectrumScientific LawScience
electron cloudModelScienceRefers to the true nature of an electron's existence around an atom, wherein its location in space is not a definite point, but a fuzzy region of probable occurence.
elephants and fliesMetaphorEconomicsSales concept to quickly segment leads into size buckets, from elephants > deers > rabbits > mice > flies.
elephant and riderModelPsychologyPsychological idea about how our unconscious and semi-conscious desires dominate us, but can be directed by reason (Jonathan Haidt et al)
embargoLegal precedentEconomics
Emperor's New ClothesMetaphorGovernment
encryptionMath
ensemble learningMethodTechnology
entropyScientific LawScienceThe disorder of a system increases over time.
epistemologyPhilosophy
e pluribus unumSymbolPoliticsLatin: "one out of many" β€” one of several phrases on the American dollar bill, it refers to the unity of the nation as made up of its many peoples and as such, signifies the republic.
equality under lawLegal precedentPoliticsAn ancient principle of vital importance to almost every constitution in the world, stating that all people should be treated equally in the eyes of the law, and that all individuals are subject to the same set of laws
equilibriumScienceA resting condition all systems seek, in which all competing inflows and outflows are in balance.
equityEconomics
equity crowdfundingEconomics
error-embracingPsychology
event horizonScientific LawPhysicsA boundary beyond which events cannot affect on observer, such as the edge of a black hole.
evolutionScientific LawScience
exception handlingMethodComputer ScienceThe process of responding to the occurrence of exceptions -- unexpected conditions that throw the application into an error state and must be resolved before continuing.
exchange ratesEconomicsThe value of one country's currency as measured against another
existentialismPhilosophy
exit strategyMethodEconomics
externalitiesEconomics
extrapolationStatistics
factorialMath
factum tacendo, crimen facias acriusPhilosophyHe who does not stop a crime is an accomplice.
fact /value problemPhilosophy
fake newsMedia
false negativesLogicScience
false positivesLogicScience
false consensus effectExperimental findingSocial psychology
falsifiabilityLogicScienceAbility to be proven untrue; a requirement for a theory to be called scientific.
Feynman TechniqueMethodScienceA method of learning and remembering difficult concepts by simplifying them until you can explain it to a new student or layperson who knows nothing about that concept.
fiat moneyEconomics
fiduciary dutyLegal precedentEconomics
fifth columnModelPoliticsA group who unites in secret to undermine a larger group from within.
file systemMetaphorComputer Science
filter bubbleMetaphorSocial psychology
first mover advantageExperimental findingStrategy
first principlesAncient WisdomPhilosophy
fishing expeditionMetaphor
fitness functionTermScienceIn AI, refers to a set of selection criteria applied to a set of potential solutions to a problem to allow only the better candidates to survive to the next generation.
flΓ’neurTermArts
force multiplierModelScience
fractalsMathComputer Science
fractional lendingMethodEconomicsFractional reserve banking is the traditional way of doing business, in which banks loan out multiples of the assets they actually have on hand. This falls apart if there is ever a run on the bank, when every client demands their money back at the same time.
fractionsTermMath
fragilityPhilosophy
framingPsychology
free tradeMethodEconomics
free willPhilosophyPhilosophy
freshwater vs. saltwater economistsEconomics
Friend of the Court filingLaw
FUD (Fear, Uncertainty, and Doubt)Social psychology
fundamental attribution errorExperimental findingPsychology
future valueEconomics
gainTermArtsIn audio recording, a control that allows more or less of the source sound into the channel being recorded.
game theoryMath
Gates' LawTheoryPhilosophyThe idea that software development speed halves every 18 months, negating the acceleratory effects of Moore's Law and preventing computing from leaping greatly forward.
Gaussian distributionTermStatisticsthe Normal distribution
GDP (Gross Domestic Product)ModelEconomicsThe sum of all public and private goods produced within a given period; a measure of a country's economic health.
general relativityTheoryScience
general willModelGovernment
generalists and specialistsPhilosophy
genetic algorithmsScienceAn approach to AI based on evolutionary models, in which multiple candidate solutions to a problem are generated randomly by mutation and recombination, then iterated over thousands of generations through fitness functions to weed out the best of each generation.
germ theory of diseaseScientific Law
Gettier problemPhilosophy
gilding the lillyMetaphorArtsSpeaking so floridly of a subject that one actually tarnishes its natural beauty.
GOFAITechnology"Good Old-Fashioned Artificial Intelligence" β€” reference to the style and general algorithmic approach of early artificial intelligence work, which fell out of popularity over the decades in favor of more organic neural net and evolutionary approaches.
Golden calf
Golden MeanAncient WisdomPhilosophyAristotelian theory of an ideal balance point between the many extremes we face in life; he advocated harmony between the various spheres of life for an experience of happiness.
Golden RuleAncient WisdomCulture"Do unto others, as you would have them do unto you" is the essence of this ancient wisdom, often used as a shorthand version of Jesus's core teaching.
Goldilocks ZoneModel
gold standardLegal precedentEconomics
gravityScientific LawScience
gravity wavesPhysics
habeas corpusLegal precedentLaw
habitusTheorySocial psychology
Hanlon's RazorModelPhilosophynever attribute to malice what is adequately described by carelessness
hard determinismPhilosophy
harmonicsArts
hearts and mindsPolitics
hedge fundsEconomics
hedonismPhilosophyPhilosophy
Heisenberg Uncertainty PrincipleTheoryScience
hexadecimal numbersTermMathbase 6
heuristicsModelPsychologyMental shortcuts that we do as a matter of routine, especially when we're stressed or under other types of cognitive constraints.
hormesisScienceWhen a small dose of a toxic substance is actually beneficial to the living thing that ingests it
hydraMetaphor
iatrogenicsHealthharm done by the healer
ice core datingMethodScience
id, ego, superegoModelPsychologyFreud's psychological model of the conscious and unconscious mind.
implicit costEconomics
Imposter SyndromeModelPsychologyA psychological pattern in which one doubts their own accomplishments and has a generalized fear of being exposed as a fraud.
index number; indexingStatistics
inferior goodsEconomics
inflationModelEconomics
inflection pointMathThe point of a curve at which a change in the direction of the curve occurs.
intellectual propertyLegal precedentEconomicsIP
interestModelEconomics
interest rateEconomics
internal rate of return (IRR)Economics
Internet of Things (IoT)TermTechnology
intersectionMath
interventionismSocial psychology
Invisible HandTheoryEconomics
IP addressesTermTechnology
iron law of oligarchyTheoryPoliticsPolitical theory positing that no matter how democratic a group may start out, over time it will develop into a bureaucracy ruled by a small handful.
It from BitTheoryPhysicsJohn Wheeler's theory about the fundamental informational nature of the universe
Keynesian economicsTheoryEconomics
Keynesian PutModelEconomics
keystone
Kronos EffectModelEconomicsthe tendency of a successful corporation to seek to acquire and/or drive its upstart competitors out of business
Laffer CurveTheoryEconomics
law of excluded middle
Law of Large NumbersScientific LawMathAs the number of coin tosses approaches infinity, the number of heads encountered will converge on 0.5; helpful in calculations of probability.
least-barricaded gateMetaphorPoliticsTrotsky's metaphor of how social revolutions can take hold more easily in already weakened societies.
lecturing birds how to flyMetaphorMetaphor
length contractionModelPhysics
less is morePhilosophyMetaphor
L'etat c'est moiPhilosophyPolitics"I am the stateβ€œ
leverageEconomics
lifeboat ethicsPhilosophyPhilosophy
light-weight processComputer Science
limit of a functionTermMath if the graph of an equation seems to approach a numerical value but never quite reaches it, we say that number is the limit of the function (approaching from the negative or positive direction; sometimes directionality is important)
limiting factorModelSystems Theory
linear regressionMethodMath
liquidityEconomics
local minModelSystems Theoryidea that to grow out of a stasis or plateau, you likely have to endure a period of "setback" that is a lower dip or minimum value from where you are now, but is what's required to get over the activation energy to reach the next level
locus of control
logarithmMath
logical fallaciesPhilosophy
long tailModelMathIn a power law distribution (of population, ages, items, etc.), the region of the graph that tapers off quickly after the initial segment of high data points
loss aversionExperimental findingPsychology
Lost EinsteinsTheoryCulturehttp://doctorparadox.net/models/lost-einsteins/
loyalists and mercenariesMetaphorSystems Theory
maker's time and manager's timeModelSystems Theory
M1Economics
M2Economics
mandalaAncient WisdomReligionIntrocate and elaborate patterns created with colored sand by Buddhist monks, who blow away their creations at the end to signify their celebration of impermanence.
ManichaeanAncient WisdomPhilosophya narrowly-defined dualistic worldview of good against evil
man on horsebackMetaphorSynonym for a demagogue. Comes from French general Georges Ernest Boulanger, and refers to a military leader who presents himself as the savior of the country during a crisis and either assumes or threatens to assume dictatorial powers.
map is not the territoryMetaphorMetaphorA phrase reminding us that our mental picture of a thing is not the same as the actual thing itself
margin of errorMathStatisticsHow much uncertainty there is in the results; a percentage the estimate may be bounded by.
marginal benefitEconomics
marginal costEconomics
marginal returnsEconomics
marginal utilityEconomics
market shareEconomics
Markov chainTermMath
Maslow's Hierarchy of needsModelPsychology
meanMathStatisticsThe average value of the numbers in a data set; take the sum of all values and divide by the total number of values in the set.
medianMathStatisticsLike mean, another way to describe the central tendency of a data set.
Median Voter TheoremTheoryPolitics
megalopsychonPhilosophyPhilosophyConcept in Aristotelian ethics of living with grandeur and taking risks with dignity; being nonsmall
mens reaLegal precedentLaw"guilty mind" β€” establishing the intent of a perp can help to establish criminal liability
mercantilismTheoryEconomics
meritocracyModelSystems Theory
metaphysicsPhilosophyPhilosophy
mirror neuronsExperimental findingScience
modeMathStatisticsThe frequency with which each data point exists in the set.
monopolyModelEconomicsMarket condition in which there exists only one seller of a resource.
monopsonyModelEconomicsMarket condition in which there exists only one buyer of a resource.
Moore's LawTheoryTechnologyNamed after Gordon Moore, the model predicts the doubling of transistors on a circuit of equivalent size every 18 months to 2 years. This has many consequences for both technology and economics, including the predictable drop in price of generating the same amount of computing power each period.
moral hazardModelEconomicswhen one party takes on additional risk, knowing that other parties will bear the brunt of the risk in event of a loss
Moravec's Paradox
MVP (minimum viable product)TermEconomics
naive cynicismPsychologyState of mind in which people believe others to have more egocentric bias than is warranted or is actually the case.
Narcissus & EchoAncient WisdomMetaphor
Nash EquilibriumTheoryMath
nasty, brutish, and shortTheoryPhilosophy
natural lawsScience
natural selectionScientific LawScience
necessity is the mother of inventionCommon WisdomCulture
negative externalitiesModelEconomics
negative interest ratesMethodEconomics
neomaniaExperimental findingSocial psychologylove of the modern for its own sake
neural netTermTechnology
net present value (NPV)ModelEconomics
neuroplasticityExperimental findingScience
Newton's first lawScientific LawScienceAn object in motion will tend to stay in motion, unless acted upon by a force.
Newton's second lawScientific LawScienceF = ma, or an object of mass m feeling a force F will tend to accelerate by an amount a.
Newton's third lawScientific LawScienceWhen 2 objects interact, they each apply force on the other in equal amounts magnitude, in the opposite direction.
nodesTermMath
noosphereThought ExperimentData scienceSphere of human thought β€” all interacting minds on earth. An early 1900s concept from Teilhard de Chardin
nominal figuresEconomics
nonlinearityMath
Normal distributionScientific LawMath
normal goodsEconomics
normalized weighted averageStatistics
normative and descriptivePhilosophy
noumenaPhilosophy
novus ordo seclorumSymbolGovernmentA new order for the ages; Latin phrase seen on the American dollar bill.
null hypothesisMethodScience
observer effectExperimental findingScience
Occam's RazorTheoryPhilosophyA philosophical rule of thumb that favors the simplest explanation. Also known as the "law of parsimony."
octal numbersMathComputer Sciencebase 8
oligopolyTermEconomics
omphalosPolitics
opportunity costModelEconomicsWhat you miss out on by using a resource in a certain way -- what you would have done with the resource otherwise; what alternative use you would have put it to.
optionsEconomics
orders of magnitudeScientific LawMath
ordinally ranked dataStatistics
organizational debtEconomics
oscillationsScience
out-group biasExperimental findingSocial psychology
outlierModelMathData points that fall well outside of the normal distribution or expected distribution of a data set.
paradoxModelLogicA self-contradicting statement or logically impossible event.
paragonModelCultureA standard against which something can be judged β€” an exemplar example of a thing
Pareto PrincipleExperimental findingEconomicsAnother term for the 80/20 Rule
path dependentMathComputer Science
Pavlovian responseExperimental findingScience
pax RomanaLegal precedentHistory
pearls before swineMetaphorCultureThe sense of wasting one's efforts for people who don't really appreciate them.
P/E RatioMethodEconomicsPrice to earnings ratio: standard measure of relative stock performance
permutationsMathComputer Science
Peter PrincipleTheorySystems TheoryTheory that individuals within corporate and other organizational hierarchies will rise to the highest level at which they become incompetent in their job duties.
phase shiftScientific LawScienceThe ability of matter to change phases, most famously water from liquid to ice to vapor and back again.
philosopher kingsAncient Wisdom
Philosopher's StoneUnsolved Mystery
phonemesExperimental finding
plant a seedMetaphor
Platonic formsModel
PlatonicityPhilosophyadherence to crisp abstract theory & forms that blind us to the mess of actual reality
Plato's CaveModelPhilosophyAllegory in Plato's Republic about a cave dweller whose only picture of reality is the shadow on the cave wall thrown by the fire.
pluralismGovernment
point of no returnMetaphorCulture
pollingMethodStatistics
Pollyanna PrincipleModelPsychologyThe tendency for people to remember pleasant events more accurately than unpleasant ones.
populismGovernment
positronScientific LawPhysicsan antimatter electron
Potemkin Village EffectModelSystems TheoryTendency of systems to create the appearance of functioning normally β€” to appease the operators who wish it so β€” even when they are not.
precisionMath
present valueEconomicsThe expected current value of an income stream.
price ceilingEconomics
price floorEconomics
prima facie
principle of indifferenceStatisticsIn probability, when there is no basis to choose some outcomes as more likely than others, they are given equal weight (1/2 chance of a particular side of a coin, 1/52 to get a particular card from a deck, etc.).
Prisoner's DilemmaThought ExperimentMath
private equity (PE)MethodEconomics
probabilityMath
probability distributionMathStatistics
Procrustean bedAncient WisdomPhilosophySynonymous with ruthlessly enforcing conformity, the phrase comes from a Greek tale of extreme "form fitting" on the part of Poseidon's son Procrustes, a robber who is said to have attacked victims by cutting off men's legs or stretching them on racks accordingly to fit an iron bed size.
profitLegal precedentEconomics
propagandaMethodSocial psychologyoriginally, a way to "propagate" any idea; used by both sides in WWI, it thereafter took on a sinister connotation when American & British citizens felt hoodwinked by their govt's use of it
proper framePhysicsin physics, the frame of reference that accelerates with you and determines your age
proportionalityModelMath
prospect theoryPsychology
proximate causeLogic
proxy warTermPolitics
pseudoscienceMethodCulture
PTSDPsychology
punctuated equilibriumModelScience
putting legs on a snakeMetaphor
Pygmalian EffectSocial psychology
Pyrrhic victoryMetaphorHistoryA victory in which the costs of winning far outweigh the rewards.
quantum computingMethodComputer Science
quantum entanglementTheoryPhysics
quantum physicsScience
qubitScience
quid pro quoLegal precedentLaw
quota
r > qModelEconomicsThomas Piketty's elegant demonstration of the rise of inequality
random walksMath
rangeStatisticsIn a set of numbers, the difference between the highest value and the lowest value in the data set.
rara avisAncient WisdomCulture"Rare bird" in Latin; similar to an outlier. Someone who stands out.
rate of returnEconomics
ReagonomicsEconomics
realismPhilosophy
reality testingModelPsychologyDiscerning the difference between inner and outer, and seeing events as they really are, and not just what we want them to be.
received wisdomAncient WisdomReligion
recursionMethodMath
red shiftScientific LawScience
reductio ad absurdoAncient WisdomPhilosophyCollapsing things too far, in a way that destroys real significance.
reductio ad finemAncient WisdomPhilosophyTo analyze to the end β€” break the concept down into its conponent parts.
redundancyMethodSystems TheoryHaving multiple pathways within a system to accomplish the same task or achieve the same objective.
reference framePhysicsA frame that does not accelerate; also known as a Lorentz frame.
regnat populus
regression analysisMethodStatistics
reincarnationUnsolved MysteryReligion
reinforcing loopSystems theory
relativityTheoryPhysicsEinstein's central insight that the experience or perceived passage of time depends greatly on the conditions of the observer, particularly with respect to velocity and gravity
resilienceModelSystems TheoryAbility to bounce back into shape after having been pressed or stretched; elasticity. The ability to recover quickly.
respice finemAncient WisdomPhilosophy"Consider that you will die" β€” i.e. live life as you would in order to be proud of it by the time it's over.
res publicaAncient WisdomGovernmentpertaining to the state
retrodiction
revenueEconomics
ripple effectExperimental findingScience
riskLegal precedentEconomics
risk-weighted assets (RWAs)Economics
root causePhilosophy
Rosetta StoneExperimental findingHistoryMetaphorically, a key to unlocking the secrets of a given thing.
roundingMethodMath
rounding errorMath
rule of lawLegal precedentPhilosophy
run on the bank
samplingMethodStatistics
samsaraReligion
scarcityEconomics
Schelling's Tipping Model
SchrΓΆdinger's CatTheoryPhysics
search intentTermMedia
second-order thinking
selection biasExperimental findingPsychology
self-governancePhilosophy
set theoryMath
ship of TheseusAncient WisdomMetaphor
SIFIEconomicssystemically important financial institution; post-2008 financial crisis designation for banks deemed "too big to fail" (currently, firms holding more than $50b in assets)
sigmaStatisticsstandard deviation, named for the Greek letter denoting the statistical term
signal pathPhysics
significant figuresMathaka "sig figs"
simulationPhilosophy
sineMathPhysics
sine waveMathPhysics
Single point of failure (SPoF)TermComputer ScienceA part of a system that, when it fails, brings down the entire rest of the system or stops it from working properly
singularityTheoryScienceA black hole.
SIR modelModelSciencecontagious disease modelling based on possible patient states (susceptible, infected, recovered)
site navigationMethodComputer Science
six degrees of separationExperimental findingPsychology
six sigmaMethodStrategyMotorola-originated concept of ensuring quality control to a very fine point, by ensuring that parts or other production outputs are manufactured to be within a certain quality range up to 6 times the standard deviation.
situational preparednessMethodStrategy
skewMathStatistics
skin in the gameAncient WisdomEconomicsWhen someone has a stake in the outcome, they are more likely to keep their word in assist its fruition.
slope of a lineMathStatistics
social contractLegal precedentPhilosophyProfoundly impactful document in political philosophy from Jean Jacques Rousseau in 18th c. France, refuting the rights of monarchs to rule the people
Socratic methodMethodPhilosophyTechnique of instruction or conversation where the teacher or moderator proceeds by asking the student or pupil a serious of questions, enticing her or him to come up with their own answers to the issues related to the subject at hand.
solipsism
sortingMath
special relativityScientific LawScience
speech act theoryTheoryPhilosophyBritish philosopher J.L.Austin's concept that all uses of speech carry a performative aspect.
speed of light (c)Scientific LawScienceapprox. 300 million meters per second
spreadStatistics
squaring the circleUnsolved MysteryA notorious philosophical problem first posed by Plato, the phrase has come to be used to allude to the grandiosity and infeasibility of someone's plans.
standard deviationMathStatistics
standing wavesTerm
stare decisisLegal precedentLaw"It has been decided" β€” terminology used by a judge or court to indicate that the matter before them has already been decided by a previous ruling.
state of natureThought ExperimentPhilosophy
status quoTermCultureThe way things currently are.
stochastic terrorismTermSocial psychology
stocks and flowsModelSystems Theory
StoicismAncient WisdomPhilosophy
Streisand EffectMetaphorSocial psychologyWhen the act of attempting to hide information only makes it more prominently spread, especially via the Internet.
strict father moralityGeorge Lakoff's terminology to describe the conservative worldview.
strict liabilityLawCrimes which have no mens rea requirement, such as rear-ending of another vehicle (where it is always the rear-enders' fault no matter what the circumstances.
subsidyEconomics
success to the successfulSystems theoryA reinforcing loop within complex system β€” especially economies β€” wherein the spoils of victory include the means to alter the rules of the game further in the favor of the previous winners.
summum malumAncient WisdomPoliticsultimate evil β€” some posit cruelty as this ultimate evil
supply and demandModelEconomics
supply chainTermEconomics
sword of DamoclesAncient WisdomMetaphor
symmetric encryptionTerm
tabula rasaAncient WisdomMetaphorBlank slate
tachyonExperimental findingSciencehypothetical particle that travels faster than the speed of light
tangentMethodMath
tariffLegal precedentEconomics
tempus edax rerumAncient WisdomArts"Time devours everything." β€” Ovid
tempus fugitAncient WisdomTime flies
tempus neminem manetAncient Wisdomtime waits for no man
Third StoryThought ExperimentPhilosophythe story an impartial third-party observer might tell; a version of events any unbiased person could agree on
Thucydides Trap
tilting at windmillsMetaphorArtsA reference to the novel Don Quixote, denoting the ongoing pursuit of useless attacks against an implacable enemy. Ineffectual activity undertaken strenuously and loudly.
time dilationThought ExperimentScience
time series dataMethodStatisticsA collection of measurements taken over time that create a graph when plotted.
time value of moneyTheoryEconomics
tipping pointModelSystems Theory
Tit-for-TatMethodStrategy
too many cooks in the kitchenMetaphorCultureA metaphor connoting that too many people are currently involved in the decision-making process.
touchstoneMetaphorMyth/MetaphorA black stone once used to judge the purity of gold or silver β€” now signifying a standard against which something should be judged.
Tower of BabelMetaphorReligionA tale in the book of Genesis in the Bible that purports to explain the origins of different languages, via narrative about God confounding the speech of humans trying to build a tower to reach Him.
trade-offsModelEconomics
tragedy of the commonsExperimental findingEconomicsAn economic term for a situation in which unfettered access to a resource can lead to resource depletion through uncoordinated behavior -- a classic example is overfishing. A commonly-pooled (aka public) resource is overconsumed, but underinvested in.
transitivityTermMath
trickle down economicsMethodEconomicsRight-wing economics, also known as Reaganomics, supply side economics, fiscal conservatism, tax cut policy, and austerity.
trolly problemThought ExperimentPhilosophy
turtles all the way downTheoryPhilosophy
twin paradoxThought ExperimentScience
tyranny of choiceExperimental findingSystems TheoryThe paradoxical effect that having too many options to choose from actually decreases the likelihoof of being able to reach a decision at all.
UnicodeTermComputers
unionTermMathIn set theory, a union of sets is a set which consists of all the members of all the sets.
universal lawPhilosophyPhilosophy
usuryTermEconomicsThe act of charging interest on borrowed money; for thousands of years there have been religous proscriptions against lending money with interest in various societies.
utilityTheoryPhilosophy
varianceMathStatisticsThe amount of variation within a data set.
Veil of IgnoranceModelPhilosophyPhilosopher John Rawls' model for making better ethical decisions, in which the decider chooses a course of action based on the predicate that s/he will not know which of the groups or persons affected by the decision they personally would be. This method creates natural incentives to find the fairest outcome for all groups, since the decider doesn't know which group they will "end up in" on the other side of the decision.
Venn DiagramModelMath
via negativaMethodPhilosophyAn indirect description of a thing by describing what that thing is not.
Volcker ruleLegal precedentEconomicsFinancial rule preventing consumer lending banks from speculative trading in securities for their own profit.
vulnerabilityExperimental findingPsychology
wave functionScientific LawScience
wave-particle dualityExperimental findingScience
wheel of lifeSymbolReligion
when life gives you lemonsMetaphorPhilosophyYou try to make lemonade! Another way of saying, "let's try and make the best of this unfortunate situation."
winner-take-all marketEconomics
wisdom of crowdsModelSocial psychologyDerived from the Diversity Prediction Theorem: the average prediction of a group of individuals will be more accurate than the prediction of one average member.
wolves and sheepMetaphorPhilosophy
wormholeTheoryPhysicsA sort of tunnel formed on the surface of a black hole that may connect two different regions of space
worst case scenarioModelSystems Theory
zero sum gameModelMath
z scoreTermStatistics
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