BUSINESS & ECONOMICS EDITOR'S PICK How Luxury Defies Economic Laws Key Takeaway: The law of demand, which states that as prices rise, demand generally falls, is a fundamental principle in economics. However, some goods, such as Veblen and Giffen goods, challenge this rule. Veblen goods, also known as “snob” goods, are valued for their prestige, exclusivity, and social standing. They are valued for their intrinsic […] Saving Bookmark this article Bookmarked
BUSINESS & ECONOMICS EDITOR'S PICK The Flawed Theory Behind Why Nations Prosper Key Takeaway: Daron Acemoglu, Simon Johnson, and James Robinson were awarded the 2024 Nobel Memorial Prize in economics for their book Why Nations Fail, which argued that countries succeed when they adopt inclusive institutions like democracy, while extractive institutions stifle growth by concentrating power and wealth in elites. However, their theory has faced criticism for […] Saving Bookmark this article Bookmarked
EDITOR'S PICK SCIENCE Is Cosmology About to Rewrite Everything We Know? Key Takeaway: Cosmology is facing a series of uncertainties due to inconsistent predictions of the standard model, which posits the universe is composed of 68.3% dark energy, 26.8% dark matter, and 4.9% ordinary matter. The Hubble constant, which describes the rate of the universe’s expansion, has been a significant issue, with some scientists using different […] 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
CULTURE EDITOR'S PICK The Science Of Choosing The Perfect Bottle Of Wine Key Takeaway: Wine is a popular choice for many cultures, but its value is subjective and influenced by personal taste. Wine reviews, such as the 100-point scale, are rated based on quality relative to similar grape varieties and regions. However, the integrity of these reviews is debated, with some arguing that financial arrangements can influence […] Saving Bookmark this article Bookmarked
BUSINESS & ECONOMICS EDITOR'S PICK The Brewing Storm In The Coffee Industry Key Takeaway: The coffee industry is facing a potential reckoning as rising prices threaten to slow its expansion. Giuseppe Lavazza, the head of the iconic Italian coffee brand, suggests that consumers in the U.S. might see prices increase by 20%-25% over the next year. The price of a latte or flat white is becoming pricier, […] Saving Bookmark this article Bookmarked
EDITOR'S PICK SCIENCE The Science Behind Science Key Takeaway: Science is a complex and multifaceted endeavor, with multiple models and theories working together to find solutions to problems. The public’s expectations of science need to be challenged to avoid unrealistic standards, as deviation from these ideals can breed skepticism. Science is a social enterprise that thrives on collective effort and constructive disagreement, […] 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 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 PHILOSOPHY Philosophy In The Age Of A.I. Key Takeaway: OpenAI, a leading AI research and development company, has announced plans to build a new team and allocate 20% of its computing resources to align AI systems with human values. The company is aiming to prevent artificial superintelligences from waging war on humanity. Philosophy has been instrumental to AI since its inception, with […] Saving Bookmark this article Bookmarked
The Consciousness Conundrum Key Takeaway: The mystery of consciousness has been a subject of debate for centuries, with numerous theories vying for the title. In 2024, the Cogitate Consortium conducted an “adversarial collaboration” between Global Neuronal Workspace Theory (GNWT) and Integrated Information Theory (IIT). The study aimed to test the theories under neutral conditions, revealing that confirmation bias […] Written by Empirics Asia May 2, 2025May 2, 2025 Saving Bookmark this article Bookmarked
The Illusion Of Control Key Takeaway: Magicians have long exploited the quirks in our perception and thought processes, manipulating the gaps between perception and reality. Recent scientific research shows that the real magic lies in what their craft can teach us about the human brain. Magic is increasingly becoming a research tool in psychology and cognitive science, uncovering profound […] Written by Empirics Asia April 30, 2025April 30, 2025 Saving Bookmark this article Bookmarked
Is Big Tech Killing Free Speech or Saving It? Key Takeaway: President Donald Trump’s executive order titled “Restoring Freedom of Speech and Ending Federal Censorship” accused the previous administration of stifling free expression by working with social media companies to curb misinformation and label misleading content. However, recent research suggests that less regulation can actually make the internet a less free place for speech, […] Written by Empirics Asia April 23, 2025April 23, 2025 Saving Bookmark this article Bookmarked
How The Brain Learns Key Takeaway: Recent research published in Science has revealed that the brain uses multiple learning mechanisms simultaneously, revealing the complexity behind brain wiring. Neurons communicate through electric signals called synapses, which form complex networks of connections that transmit information. The traditional theory of synaptic plasticity assumes uniformity between neurons, but the new study found that […] Written by Empirics Asia April 22, 2025April 22, 2025 Saving Bookmark this article Bookmarked
Did We Just Discover Life On A Distant Planet? Key Takeaway: A new study published in Nature Astronomy claims that the James Webb Space Telescope (JWST) has detected atmospheric signals on K2-18b, a distant world 124 light-years from Earth. The researchers found traces of molecules often associated with biological activity on Earth, including dimethyl sulphide (DMS). The scientists are 99.7% confident in the presence […] Written by Empirics Asia April 21, 2025April 21, 2025 Saving Bookmark this article Bookmarked
Why So Many People Believe In The Supernatural Key Takeaway: Belief in the supernatural, including ghosts, spirits, astrology, and psychic powers, is more common than people might expect. These beliefs offer a sense of control, meaning, and comfort in the face of life’s unpredictability. They fall outside the boundaries of conventional science and include ideas like fate, spiritual forces, and life after death. […] Written by Empirics Asia April 18, 2025April 18, 2025 Saving Bookmark this article Bookmarked
The Future Merging Of Mind And Machine Key Takeaway: Brain-computer interface (BCI) technology is rapidly redefining human potential, with breakthroughs in artificial intelligence and machine learning enabling the translation of thoughts into action. The brain is a complex network of over 80 billion neurons, processing thoughts, memories, emotions, and sensory inputs. Advances in AI, miniaturized electronics, and neuroimaging have led to the […] Written by Empirics Asia April 16, 2025April 16, 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