Q: How many randomly-chosen people would need to be in the same room to virtually guarantee two of them share the same birthday? A: 75 (99.9% probability) This unintuitive answer is known as the birthday paradox. The earliest known publication of the birthday paradox was in 1939 by the mathematician Richard von Mises. However, there…
Archive | Business
Vestigial Pattern Bias
The vestigial pattern bias explains why we get trapped by prevailing wisdom. In biology, vestigial structures are ones that have no apparent current function and appear to be left over from a past ancestor. Common examples are the human appendix, the pelvic bone of a snake, and the wings of flightless birds. In business, vestigial…
The Parable of The Contented Fisherman
Reject the rat race and embrace the parable of the contented fisherman. I’ve lived in Silicon Valley for all of my adult life, whole-heartedly embracing the culture of innovation. I’m repeatedly energized with the amazing people I’ve been able to meet. But I’m not an idealist – as much as I love living here, I…
Get The Bigger Pizza
You should always get the bigger pizza. No, this isn’t some bigger-is-better American standard where size matters more than quality or consistency. It’s not because everyone loves pizza so you might as well get more of it (it’s the glutamate we find so irresistible). And I’m definitely not using the number of slices rule that…
The Seafood Industry Has Mastered Rebranding
Would you eat an Antarctic toothfish? Probably not. It’s an ugly-looking human-sized fish with an unappetizing sounding name. But chances are you have eaten it. That’s because the seafood industry has mastered the art of rebranding. In the 1970s, American seafood entrepreneur Lee Lantz realized a fish with buttery white flesh and a mild, non-fishy…
Find The Umbrella And The Danger of Absolutes
The Find The Umbrella parable is likely apocryphal but it’s a useful way to explain why absolute rules in companies can backfire from their intentions. While there are many versions of the story, here’s the one I’ve told: A salesperson flies to meet a client only to find an unexpected severe thunderstorm is drenching the…
Controlling the weather is chaotic
Weather modification, also known as geoengineering, is intentionally altering or controlling the weather. The most common form of weather modification is cloud seeding, spraying small particles, such as silver iodide, onto clouds in the attempt to increase rain or snow. Weather modification can also have the goal of preventing damaging weather, such as hail or…
A Common Parasite Linked To Entrepreneurism
Toxoplasma gondii is a common parasite estimated to infect ~10% of the U.S. population and perhaps as many as half in other countries. Few infected people exhibit symptoms, as a healthy person’s immune system usually keeps the parasite from causing illness. However, toxoplasma infection has been linked to a wide variety of outgoing and risk-seeking…
Banished Words 2023
I’m not gaslighting you. We’re at an inflection point of people quiet quitting irregardless if everything is amazing and moving forward. Does that make sense? Absolutely! Since 1976, Lake Superior State University (LSSU) has compiled an annual list of words to be banned. For years, it was described as words to be “banished from the…
Next Practices or Best Practices?
If you want to pursue innovation, consider next practices instead of best practices. Best practices look into the past to document processes that can be repeated for specific business problems. Next practices are future-oriented blueprints which allow organizations to better anticipate and respond to strategic issues which have inherent unknowns and risks. Best practices allow…