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Prospect Theory - Psychology
Imagine you're offered a choice between two options:
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Entropy - Mathematics
What’s the most effective way to communicate a message?
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Compound Interest - Economics
Compound interest is the eighth wonder of the world.
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Kelly criterion - Economics
In both investing and gambling one formula rises above the rest for optimising long-term wealth growth: the Kelly Criterion.
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Recursion - Logic
Recursion is about defining a problem in terms of itself, breaking it down into smaller, more manageable pieces, and then combining the results to solve the original problem.