Bonhoeffer's Theory of Stupidity/How to Draw/Rechargable Keychain

Dear all,Bonhoeffer's Theory of Stupidity is his idea that a lack of understanding or knowledge about important things can cause serious problems. He believed this lack of understanding could take different forms:Photo by R. du Plessis on Unsplash1. **Ignorance:** This is when someone simply doesn't know something. For example, if someone says vaccines are harmful without any evidence, they show ignorance about how vaccines work.2. **Willful...

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What is a Giffen Good/How to Lose Weight/100 Simple Pleasures

Dear allImagine that you are a poor person who lives on a very tight budget. One of your main expenses is food. You buy a lot of bread because it is cheap and filling.Photo by Jude Infantini on UnsplashNow, imagine that the price of bread goes up. This means that you have to spend more money on bread to get the same amount of food. However, you don't have any extra money to spend on bread. So, you have to cut back on other things in your...

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Kiss of Life/Creative Ads/Costliest Spoons

Taken in 1967 by Rocco Morabito, this photo called "The Kiss of Life" shows a utility worker named J.D. Thompson giving mouth-to-mouth to co-worker Randall G. Champion after he became unconscious following contact with a low voltage line.They had been performing routine maintenance when Champion brushed one of the low voltage lines at the top of the utility pole.His safety harness prevented a fall, and Thompson, who had been ascending...

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Veblen Good/Quit Social Media/How Companies Make You Pay Endlessly

Veblen Good/Quit Social Media/How Companies Make You Pay Endlessly Dear allA Veblen Good is a type of product that people demand more of as its price💰 increases, due to the product's perceived status and exclusivity. The phenomenon is named after economist Thorstein Veblen, who observed it in his book "The Theory of the Leisure Class".Photo by Tiger Ellis Oatley-Summers on UnsplashHere are 7 examples of Veblen goods:Luxury cars: High-end...

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Barnum Effect/Bull Playing like Puppy/Why Onion And Garlic prohibited on auspicious days/Monsoon Essentials

Dear allImagine you visit a carnival and meet a fortune teller. They tell you that you're kind and compassionate, but also stubborn and independent. You are a deep thinker, but sometimes too analytical. You're creative and imaginative, but can be disorganized.Photo by frank mckenna on UnsplashDo you believe the fortune teller?Chances are, you might. The fortune teller's words seem specific to you, but they're actually vague and can apply...

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