Creating Facts

Riding public transportation is fun. If you enjoy it or not, you will always be exposed to "public" discussions, heated debates, private whispers. Often passengers exchange heresay and assumptions they pic up from TV/Radio/private social networks as self declared facts. It makes we wonder what drives this machinery of whitewashing low level information and to sell it as game changer? Maybe modern media did us a disfavor in their hunt for news, their self creation of news to keep us customers fixed and frozen to screen and speaker. Next time you ride the subway - tune in and listen..

Darwin's birthday

The Endowment effect; a phenomena which is the tendency most people have to value objects they already own more highly than similar ones they have never owned and as a consequence of such are reluctant to trade them in/up.