The Dunning–Kruger effect is when people over-estimate their competence in something due to a lack of experience in that thing.
This section contains references and supplemental content related to FactMyth.com such as how to’s, infographics, and other explainers. If its not a fact or myth specifically, it is in this catch-all section.
It is common to confuse we’re, were, and where. We’re is a contraction of “we are,” where references location, and were is the plural past tense of “are.” Used in a sentence, it works like this, “we’re where we were.”
Options contracts represent the right to buy or sell an underlying asset, before an expiration date, once certain price conditions are met.
Mukbang is a fad that started in South Korea where people film or broadcast themselves eating food (often large amounts of food) to create an “eating show.” Mukbang can be thought of as “performance eating.”
A favorite political term used by the political right to insult the left is “commie,” “communist,” or “socialist.” We look at why right-wingers call left-wingers “commies” and other such terms.
Anyone keeping money in a savings account should consider putting that money in a money market mutual fund, short term bond fund term, or other fund designed to be liquid and price stable.
In the US, a Government Shutdown is when funding isn’t secured to keep parts of the government running.
Did “nothing” in particular just pop the “everything bubble?” I explore that idea and explain what I mean by it.
The Federal Reserve (Fed) has the power to adjust the interest rates that banks charge each other. This impacts rates charged to consumers and businesses. The Fed adjusts rates as a tool to ensure economic stability in the US.
Obamacare is a nickname for the Patient Protection and Affordable Care Act (ACA or PPACA). Before the ACA premium costs and uninsured rates were rising and people could be denied coverage based on a preexisting condition and be charged more based on gender. Today, under the ACA, more people are covered and more people have access to affordable quality health care.