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The Pareto distribution shows up in a remarkably wide array of complex systems. Together, “the” and “of” account for 10 percent of all words used in English. The most volatile day in the history of a stock market will typically be twice as volatile as that of the second-most volatile and ten times the tenth-most. Tag…
Guide your child toward a $50,000 career People who earn six- and seven-figure incomes, studies show, are not substantially happier than those who earn five. The cutoff is about $50,000, in 2010 dollars.
IQ is malleable. IQ has been shown to vary over one’s life span, and it is surprisingly vulnerable to environmental influences. It can change if one is stressed, old, or living in a different culture from the testing majority. A child’s IQ is influenced by his or her family, too. Growing up in the same household tends…
The result of the new economics is that people are often paid for their attention, implicitly or explicitly. They get to see television free in return for watching commercials. Their magazines and newspapers are subsidized or supplied free by advertisers. Nowadays bus shelters, baseball stadiums, and even those little…