EDITOR'S PICK FINANCE SOCIOLOGY The Rise Of “Even Money” Profits Key Takeaway: The origins of commercial gambling can be traced back to the mid-1600s when mathematical probability emerged. In 1713, mathematician brothers Johann and Jacob Bernoulli introduced the “Golden Theorem,” later known as the law of large numbers, or long averages. This led to a “probability revolution” in gambling, transforming the industry in Britain and […] Saving Bookmark this article Bookmarked
BUSINESS & ECONOMICS EDITOR'S PICK FINANCE Why Crypto Crashed Key Takeaway: Japan’s stock market plunged 12% on August 5, marking its worst day in 37 years. The fall was triggered by fears of a US economy slowdown, with the Nasdaq index dropping over 6% and the S&P 500 dipping by 4.25%. The US Federal Reserve’s chairman, Jerome Powell, suggested an interest rate cut in […] Saving Bookmark this article Bookmarked
EDITOR'S PICK FINANCE Discovering Your Money Attachment Style Key Takeaway: The current economic climate is particularly concerning for young people, who are often financially worse off than their parents. To overcome this, it is important to understand one’s financial attachment style, which can be secure, anxious, or avoidant. Attachment theory, influenced by childhood experiences and education, can help shape one’s relationship with money. […] Saving Bookmark this article Bookmarked
EDITOR'S PICK FINANCE Democratising Finance Through Artificial Intelligence Key Takeaway: Artificial intelligence (AI) is revolutionizing investment by making professional financial insight and portfolio management accessible to everyone. AI-powered robo-advisers, such as Betterment and Vanguard, are democratizing investment and providing tailored advice to a new generation of investors. With 31% of gen Zs and 20% of millennials using robo-advisers, the financial industry is adapting […] Saving Bookmark this article Bookmarked
EDITOR'S PICK FINANCE Why We Will Never Master The Financial Markets Key Takeaways: Stock market enthusiasts often claim to predict financial market trends with great accuracy, but this is not possible due to the uncertainty and unpredictable nature of the environments in which we make daily decisions. Human cognition tends to favor a reductionist approach to information processing, sometimes called “tunneling,” which can lead to biased […] Saving Bookmark this article Bookmarked
BUSINESS & ECONOMICS EDITOR'S PICK FINANCE New Studies Show Bitcoin Has No Mainstream Use And Is More Like Gambling Key Takeaway Bitcoin and other cryptocurrencies are becoming mainstream, but the true success of these cryptocurrencies depends on the average punter selling them for more than they bought them. The Reserve Bank of Australia’s data shows that cryptocurrency is rarely used for buying things, with only 2% of adults using it as a payments instrument. […] Saving Bookmark this article Bookmarked
EDITOR'S PICK FINANCE Does Insider Trading Actually Matter? Key Takeaway: Insider trading is an illegal act in which someone relies on market-moving, nonpublic information to decide whether to buy or sell a financial asset. Punishment can range from a few months to over a decade. Insider trading is common and profitable, but difficult to prove and prevent. It undermines public confidence in financial […] Saving Bookmark this article Bookmarked
EDITOR'S PICK FINANCE The Tragic Truth Of Venture Capital Key Takeaway: J.P. Morgan saved the financial system in 1907 by pledging $8 million to the next domino, the Trust Company of America, and convincing a dozen other banks and the U.S. Treasury to deposit $70 million into other vulnerable banks. Bank of America is backed by a safety net of federal agencies, such as […] Saving Bookmark this article Bookmarked
EDITOR'S PICK FINANCE The Challenges Ahead For Bitcoin In 2023 Key Takeaway: Bitcoin has rallied over 53% since its low of US$15,476 in November, suggesting the bottom has finally been reached for the leading cryptocurrency. Retail investors have been buying bitcoin aggressively, while institutional investors have been offloading, suggesting a fall could be imminent. Bitcoin will reach the Wyckoff accumulation phase when institutional investors decide […] Saving Bookmark this article Bookmarked
EDITOR'S PICK FINANCE What Ancient Wisdom Can Teach Us About Finance Key Takeaway: The rate of species extinctions as a result of human activity is at least 1,000 times higher than the natural rate. The effects of business on our climate are also clear, with 71%of the world’s fossil fuel emissions coming from just 100 multinational corporations. They aim to work within the nature and limits […] Saving Bookmark this article Bookmarked
Why A.I. Sometimes Lie Key Takeaway: AI hallucinations are when AI systems present false information, such as generating bogus citations or misidentifying images. These errors can range from harmless to hazardous, and can have serious implications in legal, medical, or safety-critical domains. AI systems are designed to mimic human intelligence, but when they are asked to produce factual or […] Written by Empirics Asia April 10, 2025April 10, 2025 Saving Bookmark this article Bookmarked
The Future Tech Of Music Is Space-Bending Key Takeaway: Researchers have developed a technology that creates “audible enclaves” in open air, creating highly focused, localized zones of sound. These isolated audio pockets allow sound to materialize only at a precise point in space, unheard by others nearby. This breakthrough could revolutionize public communication, entertainment, military applications, and office design. The process, known […] Written by Empirics Asia April 9, 2025April 9, 2025 Saving Bookmark this article Bookmarked
Are Viruses Alive? Key Takeaway: The question of whether viruses are alive or not has become increasingly complex due to the lack of a universally accepted definition of life. Viruses are neither truly alive nor completely inanimate, as they cannot replicate on their own and have no metabolism or self-contained cellular structure. They can, however, hijack a host […] Written by Empirics Asia April 3, 2025April 3, 2025 Saving Bookmark this article Bookmarked
How Hidden Friendships Redefine Animal Intelligence Key Takeaway: Research shows that some animals form surprising partnerships, challenging traditional views on how intelligence evolves in the animal kingdom. For example, Octavia and Finn, a day octopus and coral trout, work as a team, each bringing unique skills to the hunt. Other species have also developed remarkable partnerships, such as the greater honeyguide […] Written by Empirics Asia March 28, 2025March 28, 2025 Saving Bookmark this article Bookmarked
Can A Book Be Dangerous? Key Takeaway: Books have long been a subject of debate, with some being praised for sparking imagination and empathy, while others are feared for warping minds or seducing readers into fantasy. The fear of fiction altering our sense of the world dates back to the early days of the novel, with women often being portrayed […] Written by Empirics Asia March 24, 2025March 24, 2025 Saving Bookmark this article Bookmarked
The Hidden Cost Of Space Key Takeaway: Satellite re-entry, a process where defunct satellites are disposed of, is causing a significant environmental impact on Earth’s atmosphere. As satellite usage increases, researchers are focusing on the re-entry process itself, which releases metal particles into the Earth’s atmosphere. These particles, such as aluminum oxide and lithium, can influence the planet’s energy balance, […] Written by Empirics Asia March 21, 2025March 21, 2025 Saving Bookmark this article Bookmarked
The Science Of Impatience Key Takeaway: Impatience is a common trait in humans, often influenced by our evolutionary past and perception of time and risk in the modern world. Early humans preferred immediate rewards, such as food and resources, as they were more likely to survive in unpredictable conditions. However, modern financial decisions often favor delayed rewards, as our […] Written by Empirics Asia March 20, 2025March 20, 2025 Saving Bookmark this article Bookmarked
Rethinking Education Key Takeaways: The Industrial model of education that fueled the modern era and its dizzying reach did its job incredibly well. In his writing, Flynn illustrates study after study, spanning nations and decades, in which modern educational gift of abstraction — a transcendent sign of intelligence, as we saw in Raven’s Matrices — has been […] Written by Anthony Fieldman March 2, 2022October 19, 2022 Saving Bookmark this article Bookmarked
How China Is Transforming Its Economy Through Learning I highly recommend reading the McKinsey Global Institute’s new report, “Reskilling China: Transforming The World’s Largest Workforce Into Lifelong Learners”, which focuses on the country’s biggest employment challenge, re-training its workforce and the adoption of practices such as lifelong learning to address the growing digital transformation of its productive fabric. How to transform the country […] Written by Enrique Dans February 1, 2021February 1, 2021 Saving Bookmark this article Bookmarked
Why You’re Not Seeing Success With Influencer Marketing With the new year around the corner, now is a good time to re-evaluate your past marketing strategies and gear up for the year ahead. For some businesses, influencer marketing has simply not seemed to live up to its lofty promises of genuine engagement, credibility, and transparency. Some have claimed that it has been failing […] Written by Michael Tan January 14, 2021January 15, 2021 Saving Bookmark this article Bookmarked
A New Philosophy of Business I’m about to ask you to take a mental leap. For the next 8 minutes, suspend your notions of what a business is, and I’ll propose a new lens for you to look through. There are a lot of questions asked around what “community” means for business. “Where should community fit in my organization?” and […] Written by Empirics Asia September 5, 2018September 5, 2018 Saving Bookmark this article Bookmarked