In economics, hyperbolic discounting is a time-inconsistent model of discounting. Given two similar rewards, humans show a preference for one that arrives sooner rather than later. Humans are said to discount the value of the later reward, by a factor that increases with the length of the delay. This process is traditionally modeled in form of exponential discounting, a time-consistent model of discounting.
A large number of studies have since demonstrated that the constant discount rate assumed in exponential discounting is systematically being violated. Hyperbolic discounting is a particular mathematical model devised as an improvement over exponential discounting. Hyperbolic discounting has been observed in humans and animals. Continue reading
Hyperbolic Discounting
Delayed Gratification
Delayed gratification denotes a person’s ability to wait in order to obtain something that he or she wants. This intellectual attribute is also called impulse control, will power, self control, and ‘low’ time preference, in economics. Delay discounting is defined as ‘the preference for smaller immediate rewards over larger but delayed rewards and to the well established fact that the subjective value of reward decreases with increasing delay to its receipt.’ Sociologically, good impulse control is considered a positive personality trait.
Moreover, people who lack the psychological trait of being able to delay gratification are said to require instant gratification and might suffer poor impulse control. The Stanford Marshmallow Experiment indicates that good impulse control might be psychologically important for academic achievement and for success in adult life.
Cold Brew Coffee
Cold brew or cold press refers to the process of steeping coffee grounds in room temperature water for an extended period. It is also sometimes referred to as Toddy coffee which is a trademarked cold brewing system. The cold-press process requires grinding coffee beans at a relatively coarse setting (typically as fine as possible to still be filtered) and soaking those grounds in cold water for a prolonged period of time, usually 12 hours or more. The grounds must be filtered out of the cold water after they have been steeped using a paper coffee filter, a fine metal sieve, or a French press.
The result is a coffee concentrate that is often diluted with water or milk, and can be served hot, over ice, or blended with ice and other ingredients such as chocolate. Cold brewed coffee naturally seems sweeter due to its lower acidity. Because the coffee beans in cold-press coffee never come into contact with heated water, the process of leaching flavor from the beans produces a different chemical profile than conventional brewing methods. Cold brew coffee is a type of iced coffee, but this latter term also refers to coffee that is brewed hot and then chilled.
Drop
The drop is the point in a track where a switch of rhythm or bass line occurs and usually follows a recognizable build section and break. In Hip-Hop and electronic music, the reintroduction of the full bass line and drums is known as the drop. In Dubstep, the drop involves a full bass line and commonly a ‘wobble’ bass or ‘vowel’ bass accompanied by a strong shuffling beat.
In Metalcore sub-genres, bass drops are often utilized under the first chord of a breakdown, to emphasize the breakdown and give it a pronounced presence. In drum and bass, DJs sometimes perform what is called the ‘double drop’: beat matching two tracks in a way that the drop, and hence the respective climaxes, occur at the same time.
Magic Realism
Magic realism is an aesthetic style or genre of fiction in which magical elements blend with the real world. The story explains these magical elements as real occurrences, presented in a straightforward manner that places the ‘real’ and the ‘fantastic’ in the same stream of thought. One example, is when a character in the story continues to be alive beyond the normal length of life and this is subtly depicted by the character being present throughout many generations.
On the surface the story has no clear magical attributes and everything is conveyed in a real setting, but such a character breaks the rules of our real world. The author may give precise details of the real world such as the date of birth of a reference character and the army recruitment age, but such facts help to define an age for the fantastic character of the story that would turn out to be an abnormal occurrence like someone living for two hundred years. Continue reading
Jorge Luis Borges
Jorge Luis Borges [bawr-hes] (1899 – 1986) was an Argentine writer whose work embraces the ‘character of unreality in all literature’; his most famous books, ‘Ficciones’ (1944) and ‘The Aleph’ (1949), are compilations of short stories interconnected by common themes such as dreams, labyrinths, libraries, mirrors, animals, fictional writers, religion, and God.
His works have contributed to the genre of science fiction and magic realism (a reaction against the realism/naturalism of the nineteenth century). In fact, critic Angel Flores, the first to use the term, set the beginning of this movement with Borges’s ‘Historia universal de la infamia’ (‘A Universal History of Infamy’) (1935). Scholars have also suggested that Borges’s progressive blindness helped him to create innovative literary symbols through imagination. His late poems dialogue with such cultural figures as Spinoza, Camões, and Virgil.
Anamnesis
In philosophy, anamnesis [an-am-nee-sis] is a concept in Plato’s epistemological and psychological theory that he develops in his dialogues ‘Meno’ and ‘Phaedo,’ and alludes to in his ‘Phaedrus.’
In ‘Meno,’ Plato’s character (and old teacher) Socrates is challenged by Meno with what has become known as the sophistic paradox, or the paradox of knowledge: ‘And how are you going to search for [the nature of virtue] when you don’t know at all what it is, Socrates? Which of all the things you don’t know will you set up as target for your search? And even if you actually come across it, how will you know that it is that thing which you don’t know?’ Continue reading
Anxiolytic
An anxiolytic [ang-zee-uh-lit-ik] is a drug used for the treatment of anxiety and its related psychological and physical symptoms. Anxiolytics have been shown to be useful in the treatment of anxiety disorders. Beta-blockers, although not anxiolytics, can be used to combat the somatic symptoms of anxiety (such as an elevated heart rate).
Anxiolytics are also known as minor tranquilizers. The term is less common in modern texts, and was originally derived from a dichotomy with major tranquilizers, also known as neuroleptics or antipsychotics. Continue reading
Selank
Selank is a nootropic (smart drug), anxiolytic (antianxiety) peptide (string of amino acids) based drug developed by the Institute of Molecular Genetics of the Russian academy of sciences. Selank is a synthetic analogue of the immunomodulatory peptide tuftsin; as such, it mimics many of its effects, strengthening the immune system.
It is has been shown to influence the concentration of monoamine neurotransmitters (e.g. dopamine, serotonin) and induce metabolism of serotonin. There is evidence that it may also modulate the expression of Brain-derived neurotropic factor (which is related to nerve growth) in rats. Continue reading
Silent Majority
The silent majority is an unspecified large majority of people in a country or group who do not express their opinions publicly. The term was popularized (though not first used) by U.S. President Richard Nixon in a 1969, speech in which he said, ‘And so tonight—to you, the great silent majority of my fellow Americans—I ask for your support.’
In this usage it referred to those Americans who did not join in the large demonstrations against the Vietnam War at the time, who did not join in the counterculture, and who did not participate in public discourse. Nixon along with many others saw this group of Middle Americans as being overshadowed in the media by the more vocal minority. The phrase was used in the 19th century as a euphemism referring to all the people who have died, and others have used it before and after Nixon to refer to groups of voters in various nations of the world.
Social Desirability Bias
Social desirability bias is the tendency of respondents to answer questions in a manner that will be viewed favorably by others. It can take the form of over-reporting good behavior or under-reporting bad behavior. The tendency poses a serious problem with conducting research with self-reports, especially questionnaires. Topics of special concern are self-reports of abilities, personality, sexual behavior, and drug use.
When confronted with the question ‘How often do you masturbate?,’ for example, respondents may be pressured by the societal taboo against masturbation, and either under-report the frequency or avoid answering the question. Therefore the mean rates of masturbation derived from self-report surveys are likely to be severe underestimates.
Emotional Intelligence
Emotional intelligence is a thought model that claims that to be successful, people must be able to know their own feelings. They must also be able to guess and influence the emotions of other people, and of groups of other people. There are several different models that disagree about the exact definition of the term. Criticisms have centered on whether the construct is a real intelligence and whether it has incremental validity over IQ and the Big Five personality dimensions.
The earliest roots of emotional intelligence can be traced to Charles Darwin’s work on the importance of emotional expression for survival and, second, adaptation. In the 1900s, even though traditional definitions of intelligence emphasized cognitive aspects such as memory and problem-solving, several influential researchers in the intelligence field of study had begun to recognize the importance of the non-cognitive aspects. For instance, as early as 1920, American psychologist E.L. Thorndike used the term ‘social intelligence’ to describe the skill of understanding and managing other people. Continue reading














