Connectors, Mavens, and Salesmen: Key Players in Marketing

Connectors, Mavens, and Salesmen: Key Players in Marketing

Who are connectors, mavens, and salesmen? Where do these distinctions come from, and how are these three types of people crucial to the spread of ideas and important for business? Connectors are sociable, gregarious, and naturally skilled at making friends and acquaintances. Mavens are endlessly curious and adept at gathering and retaining information on a wide variety of topics. Salesmen are the people who pitch the idea or message behind an epidemic and persuade people to jump on board. The terms comes from Malcolm Gladwell’s The Tipping Point. We’ll cover the role of connectors, mavens, and salesmen in business and

Illusion of Understanding: You’re Not as Smart as You Think

Illusion of Understanding: You’re Not as Smart as You Think

What is the illusion of understanding? Why do we fall for it, and what can we do about it? The illusion of understanding is the cognitive bias of thinking we have a grasp of what’s going on in the world when, in fact, the world is far more complex than we know. The idea of the illusion of understanding was popularized by Daniel Kahneman and Nassim Nicholas Taleb. We’ll cover examples of the illusion of understanding and how it impacts our lives and how we make predictions.

Power-Law Distribution: How It Better Models the World

Power-Law Distribution: How It Better Models the World

What is a power-law distribution? How is it useful in describing and predicting events in the real world, which is full of uncertainty? Power-law distribution is a functional relationship between two quantities in which the relationship remains constant no matter the initial size of the quantities. This relationship is useful in describing events and phenomena that can’t be graphed on a bell curve. We’ll cover the basics of power-law distribution and look at how it works to accurately describe the world and account for otherwise unpredictable events.

Ludic Fallacy: Do You Treat Life Like a Blackjack Game?

Ludic Fallacy: Do You Treat Life Like a Blackjack Game?

What is the ludic fallacy? How does the tendency to “tunnel” into what we know lead us into making cognitive errors? The ludic fallacy is the tendency to treat uncertainty in real life like uncertainty in games of chance. The problem with this approach is that, unlike games of chance, real life has no rules. We’ll cover how the ludic fallacy shapes our predictions and why thinking of uncertainty like a game of blackjack is unproductive.

Preferential Attachment: Why The Rich Get Richer

Preferential Attachment: Why The Rich Get Richer

What is preferential attachment? Who benefits from preferential attachment? Who loses? Preferential attachment is the innate human tendency to flock to past successes, regardless of whether those successes are the product of merit or chance. Preferential attachment is a form of cumulative advantage. We’ll cover examples of preferential attachment, look at how it increases inequality in society, and discover when it’s wrong.

Cultural Diffusion: Meaning + Examples of How Ideas Spread

Cultural Diffusion: Meaning + Examples of How Ideas Spread

What does “diffusion” mean in sociology? What is the cultural diffusion meaning? What is a cultural diffusion example? Cultural diffusion is a term in sociology for the way a contagious idea or product spreads among people who adopt it at different phases. It involves phases in which innovators, early adopters, the early majority, the late majority, and, finally, the laggards adopt an idea or product. We’ll look at a cultural diffusion example to see how the idea of diffusion works in sociology and look at the factors that come into play at each stage of the diffusion model.

Who Moved My Cheese: Character Analysis

Who Moved My Cheese: Character Analysis

No matter what environment we operate in—whether a town, city, family, relationship, workplace, or other setting—change is inevitable. Who Moved My Cheese by Spencer Johnson is a parable about a place that changed, and how its inhabitants reacted. Through the characters’ triumphs and travails, Who Moved My Cheese offers lessons and tips for coping successfully with change in our lives by changing our attitudes and behavior.

Barbell Strategy: The Safest Way for Maximum Profits

Barbell Strategy: The Safest Way for Maximum Profits

What is the barbell strategy? What is a barbell investing approach? How can you adopt the barbell strategy to mitigate risk in investing and in life? The “barbell strategy” is an approach designed to minimize the pain of a negative event while, potentially, reaping the benefits of a positive event. The barbell strategy is commonly used in investing, but it’s also applicable to life more generally. We’ll cover the nature of the barbell strategy and other strategies for mitigating risks.

What Is a Fractal? How They Work in the Real World

What Is a Fractal? How They Work in the Real World

What is a fractal? How are fractals useful in representing and predicting relatively unpredictable events? A fractal is a geometric pattern that repeats at different scales. Fractals, unlike pure geometric shapes like triangles or circles, are seen quite frequently in nature. We’ll cover what a fractal is and how it can help us make predictions in a world full of uncertainty.