It’s what’s known in psychology as the sunk cost effect: something that happens when the weight of your past investments distorts your present judgment. This is the crux of the Penny Method.

The scientific method has evolved to include various ways to establish probable causal relationship and to work these likely explanations in practical ways despite uncertainties.

Goals, on the other hand, are concrete objectives with workmanlike plans to attain them. WOOP is a method for, essentially, transforming flimsy, easily derailed dreams into sturdier goals.

Method acting is a style of performance that urges actors to embody their characters thoroughly—not just while onstage or on set, but often extending into their everyday lives. The technique ...

For example, a recent study conducted by Fischer and Gonzalez (2016) found that local processing of stock-flow problems showed statistically more reliance on inappropriate problem-solving methods than ...

The example above gives a weighted average correlation of 0.34, which indicates that, on average, the assets in our portfolio have a moderate tendency to move in the same direction.

Remember critique can be positive or negative – for example, the study could be methodologically robust, but the small sample size could mean it lacks statistical power. It is useful to consider what ...

According to Census.gov, Covid-19 forced one in five (19.6%) of working-age adults to take a career break due to disrupted childcare arrangements. Women ages 25-44 are almost three times as likely ...

This variable is known as a spurious correlation. (Click here for many examples of spurious correlations, such as divorce rates in Maine correlating with per capita consumption of margarine.) ...