Eureka Newsletter Archive
Survivorship Bias
Survivorship Bias is a common logical error that occurs when we concentrate only on the successes and winners of a particular process or event, while ignoring the failures and losers.
Cobra Effect
The Cobra Effect is a phenomenon in which interventions designed to solve problems end up creating unintended negative consequences.
Cassandra Predicament
The Cassandra Predicament refers to the challenge of trying to persuade others to take action based on information that is not yet widely accepted.
Economies of Scale
Economies of scale refer to the cost savings that come from producing goods or services in larger quantities.
Pareto Principle
Also known as the 80/20 Principle, the Pareto Principle states that roughly 80% of effects come from 20% of causes.