Tag cognition
Weighing options and making decisions is a daunting task. Whether investing in stocks, negotiating how to divide up a pizza, or choosing which candidate to vote for in an election, our ability to make informed choices rests on our ability… Continue Reading →
Productivity is the measure of efficiency and performance. Many organizations have been using this metric to find ways to help employees become more productive in their daily tasks. In the 1950s, sociologist Derek J. Price developed an equation that could… Continue Reading →
The parsimony principle is a philosophical approach that has long been influential in fields such as science and economics. It is based on the idea that the simplest answer is more likely to be the most accurate and useful. This… Continue Reading →
The Pareto Principle, also known as the 80/20 rule, is a principle of economics that suggests that for the majority of outcomes, the majority of output is determined by a minority of the inputs. In other words, the small amount… Continue Reading →
Humans face many difficult decisions in life, from deciding where to shop for groceries to a complex career path. With so many choices available, how do we know which path is the easiest and most efficient? Enter Occam’s Razor, a… Continue Reading →