“Give me a place to stand and a lever long enough and I will move the world”— Greek mathematician Archimedes (attributed) Leverage is a concept well discussed in mechanics and in finance but less has been written about leverage in business. In mechanics, leverage involves a fulcrum (visualize a seesaw or teeter-totter) and we generally…
The raven paradox forces us to question the value of information. In his 1965 essay “Studies in the Logic of Confirmation,” the acclaimed philosopher of science Carl Hempel showcased a fundamental paradox in the scientific method using the simplistic observations of ravens. He started with the statement “all ravens are black.” Expressed in logic form,…