Occam Razor  Ockham that says that if you have two competing ideas to explain the same phenomenon, you should prefer the simpler one.


Survivorship bias or survival bias

Lagom- Just right amount to enjoy anything

Ratner effect : a public relations blunder, specifically when a leader's self-deprecating comments about their own products cause significant brand damage.

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Pay the duck :It means to pay for something you did not do. Someone who “pays the duck” is like a scapegoat, not necessarily chosen to be a scapegoat, he just happened to be the one held accountable for it.

Buy a lemon : to purchase an item, typically a product or object, that is defective, unsatisfactory, or of little value or use.
Anybody can be a fisherman in May.. Ernest Hemingway book- The old man n sea
Decoy effect.. inferior available choices

Marshmallow theory- Walter Torch- Patience and success

The McGurk effect is an auditory-visual illusion that illustrates how perceivers merge information for speech sounds across the senses. For example, when we hear the sound “ba” while seeing the face of a person articulate “ga,” many adults perceive the sound “da,” a third sound which is a blend of the two


Seignorage - Money printing cost and value of money difference

Cunningham's Law states "the best way to get the right answer on the internet is not to ask a question; it's to post the wrong answer."

lalochezia (uncountable) (rare) The use of vulgar or foul language to relieve stress or pain.
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Echo chambers.. polarized society because of social media
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Diderot effect - acquiring a new possession can trigger a cascade of further desires or purchases, leading to excessive materialism and potentially financial problems.


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