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
EDITOR'S PICK TECHNOLOGY Is Artificial Intelligence Inevitable? Key Takeaway: The hype surrounding artificial intelligence (AI) is a long-standing belief in technological determinism, which suggests that once a technology is developed, its widespread adoption is unavoidable. However, this perspective is oversimplified and misleading when it comes to AI. Evidence of AI’s impact on productivity remains sparse, and there’s little consensus on its utility […] Saving Bookmark this article Bookmarked
BUSINESS & ECONOMICS EDITOR'S PICK The Comeback Of China’s Tech Billionaires: A New Dawn Or Controlled Market? Key Takeaway: Pony Ma, co-founder of Tencent Holdings, has regained the title of China’s richest individual with a net worth of over A$65 billion. His rise reflects Beijing’s control over its private sector, which aligns with the state’s goals in China’s unique “socialist market economy.” Tencent’s success, including the AAA video game “Black Myth: Wukong,” […] Saving Bookmark this article Bookmarked
EDITOR'S PICK SOCIOLOGY Why Profit Alone Won’t Save Us Key Takeaway: A study by researchers has found that companies can make a difference without sacrificing financial performance by integrating social and environmental concerns into their business strategies. This approach, known as “social profit orientation,” places equal value on financial profits and positive social outcomes. Companies like Mastercard’s Girls4Tech initiative and World Central Kitchen’s Food […] Saving Bookmark this article Bookmarked
EDITOR'S PICK STRATEGY The Power Of Small Changes: How Marginal Gains Lead To Extraordinary Success Key Takeaway: The British cycling team’s 2008 Beijing Olympics victory was a result of a simple strategy: the pursuit of marginal gains. The team’s coach, Sir Dave Brailsford, believed that success could be achieved by making a series of 1% improvements across every aspect of the cyclists’ gear, stamina, and physical conditioning. This principle, known […] Saving Bookmark this article Bookmarked
BUSINESS & ECONOMICS EDITOR'S PICK The Impact Of Negative Reviews Key Takeaway: Travelers often turn to online reviews to choose the perfect destination, shaping their experiences. Businesses read reviews and often act on them, analyzing sentiments and benchmarking against competitors. They respond to reviews, taking actionable steps to address feedback. Negative reviews can be catalysts for change, allowing businesses to refine offerings and enhance customer […] Saving Bookmark this article Bookmarked
BUSINESS & ECONOMICS EDITOR'S PICK STRATEGY The Business Impact Of Reduced Marketing Key Takeaway: A study published in The Journal of Marketing suggests that businesses often cut their marketing budgets for short-term savings, but these cuts can cause long-term problems. The study gathered transcripts of nearly 25,000 earnings calls held by public companies from 2008 to 2019. The more earnings-oriented language in the calls, the more likely […] Saving Bookmark this article Bookmarked
EDITOR'S PICK STRATEGY The Real Art Of War Key Takeaway: The Art of War, an ancient Chinese war manual from the 5th century BCE, is often cited as a cliché by teen edgelords and management gurus. However, the book is actually a work of clear-sighted and sometimes ruthless realism, influenced by philosophy and strategy. The book, which is attributed to Chinese general and […] Saving Bookmark this article Bookmarked
BUSINESS & ECONOMICS EDITOR'S PICK Boeing: Are Businesses Too Big To Fail? Key Takeaway: Alaska Airlines flight 1282 nearly fell out of the sky after losing a door plug, following two similar 737 Max plane crashes in 2018 and 2019. Boeing was charged with conspiracy to defraud regulators in 2021, but the US government agreed not to prosecute the company if it promised to pay a criminal […] Saving Bookmark this article Bookmarked
BUSINESS & ECONOMICS EDITOR'S PICK SOCIOLOGY Is Journalism Still A Viable Vocation? Key Takeaway: The shrinking press corps in the US has led to a decline in journalism, with many reporters and editors leaving the profession due to burnout. This has not only affected civil society but also led to reduced political engagement and oversight of those in power. Journalism is attractive to many people because it […] Saving Bookmark this article Bookmarked
The Epic Odyssey Of Human Evolution Key Takeaway: The story of human evolution begins with the discovery of a child’s fossilized skull in South Africa 2.8 million years ago, and the remains of a small-brained female named Lucy in Ethiopia over 3 million years ago. The journey of human evolution is not a linear process, but a gradual dance with nature, […] Written by Empirics Asia November 27, 2024November 27, 2024 Saving Bookmark this article Bookmarked
The Science Behind Alternative Meat Key Takeaway: Plant-based meat substitutes and lab-grown meat are gaining popularity due to environmental sustainability and healthier eating habits. Plant-based alternatives aim to recreate meat’s sensory and nutritional properties using plant ingredients. They rely on non-animal proteins, water, fats, and additives like flavor enhancers and binders. The texture of plant-based meats is a meticulous process, […] Written by Empirics Asia November 26, 2024November 26, 2024 Saving Bookmark this article Bookmarked
When Reality Fractures Key Takeaway: Researchers have discovered that delusions, which are convictions that cling to a distorted view of reality, are a result of the same cognitive pathways that produce everyday beliefs. Delusions often defy common sense but emerge when the system of meaning-making veers off course. A case of postpartum psychosis revealed that a woman experienced […] Written by Empirics Asia November 20, 2024November 20, 2024 Saving Bookmark this article Bookmarked
The Rise And Fall Of Volkswagen Key Takeaway: Volkswagen, once a symbol of German industry and co-management between shareholders and unions, is facing a crisis due to strategic missteps, a convoluted governance structure, and a culture that often prioritizes control over innovation. The company’s journey began in 1937 with the Beetle, which became the world’s largest carmaker in the 1980s and […] Written by Empirics Asia November 19, 2024November 19, 2024 Saving Bookmark this article Bookmarked
How The Moon Shapes Life On Earth Key Takeaway: The Moon’s silent pull shapes life on Earth in various ways, from orchestrating mass spawning events in coral reefs to guiding predators and prey’s nightly routines. For millennia, creatures have lived in tune with its phases, responding to its light and gravitational sway. The Moon’s influence extends beyond oceans, as its reflected light […] Written by Empirics Asia November 18, 2024November 18, 2024 Saving Bookmark this article Bookmarked
Inside Elon Musk’s Social Media Empire Key Takeaway: Elon Musk’s social media platform, X, has become a dominant force in U.S. presidential politics, capturing unprecedented engagement and becoming a megaphone for President Trump’s campaign. Musk’s vision for transforming X into an “everything app” akin to China’s WeChat has been unveiled, with his net worth reaching $300 billion. However, challenges such as […] Written by Empirics Asia November 15, 2024November 15, 2024 Saving Bookmark this article Bookmarked
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 […] Written by Empirics Asia November 14, 2024November 14, 2024 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