What is the bias/thought process that results in distrust of “formal” knowledge in favor of “folk” knowledge?
An interesting effect I've noticed is that certain groups of people seem to accept "folk knowledge" and value it over significantly better founded "formal" or scientific knowledge. In particular this ...
I am interested in prediction markets, where traders have a monetary incentive to bet on who they think would win in an election. I think that the financial incentive in prediction markets makes them ...
There's an effective strategy employed by horoscopes and "psychics" where they say vague statements like "You like being with friends but you value your time alone"; statements that basically "cover ...