April 22, 2012
Rational ignorance occurs when the cost of educating oneself on an issue exceeds the potential benefit that the knowledge would provide. Ignorance about an issue is said to be ‘rational’ when the cost of educating oneself about the issue sufficiently to make an informed decision can outweigh any potential benefit one could reasonably expect to gain from that decision, and so it would be irrational to waste time doing so.
This has consequences for the quality of decisions made by large numbers of people, such as general elections, where the probability of any one vote changing the outcome is very small. The term is most often found in economics, particularly public choice theory, but also used in other disciplines which study rationality and choice, including philosophy (epistemology) and game theory. The term was coined by Anthony Downs in ‘An Economic Theory of Democracy’ (1957).
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Posted in Money, Philosophy, Politics |
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April 22, 2012
The Pebble E-Paper Watch, known now as the Pebble Classic, is an American smartwatch developed by Pebble Technology Corporation, and is the first generation of the Pebble watch lineup. The smartwatch was pledged from a Kickstarter campaign, proving massively successful, collecting around $10 million for development of the smartwatch.
Pebble connects to both Android and iOS phones, so they can display notifications from the phone, control music, view calendar events, and create reminders. An online app store makes the Pebble compatible with apps tailored for them from many third party sellers, for many purposes especially sports. In 2015, Pebble Technology released its second-generation Time, with a color e-paper display, microphone, and updated design.
Posted in Money, Technology |
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April 22, 2012
Liquid funk is a sub-genre of drum and bass. While it uses similar basslines and bar layouts to other styles, it contains fewer bar-oriented samples and more instrumental layers (both synthesized and natural), harmonies, and ambience, producing a calmer atmosphere directed at both home listeners and nightclub audiences. In 2000, Fabio began championing a new form of drum and bass he called ‘Liquid funk,’ with a compilation release of the same name on his Creative Source label. This was characterized by influences from disco and house music, and widespread use of vocals. Although slow to catch on at first, the style grew massively in popularity around 2003–2004, and by 2005 it was established as one of the biggest-selling subgenres in drum and bass.
Liquid funk is very similar to intelligent drum and bass, but has subtle differences. Liquid funk has stronger influences from soca, latin, disco, jazz, and funk music, while IDB creates a calmer yet more synthetic sound, using smooth synth lines and samples in place of the organic element achieved by use of real instruments.
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