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Appeal To Novelty
The appeal to novelty (also called appeal to modernity or ''argumentum ad novitatem'') is a logical fallacy in which one prematurely claims that an idea or proposal is correct or superior, ''exclusively'' because it is new and modern. In a controversy between status quo and new inventions, an appeal to novelty argument is not in itself a valid argument. The fallacy may take two forms: overestimating the new and modern, prematurely and without investigation assuming it to be best-case, or underestimating status quo, prematurely and without investigation assuming it to be worst-case. Investigation may prove these claims to be true, but it is a fallacy to prematurely conclude this ''only from the general claim that all novelty is good''. Chronological snobbery is a form of appeal to novelty, in which one argues that the only relevant knowledge and practices are those established in the last decades. The opposite of an appeal to novelty is an appeal to tradition, in which one argues ...
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Fallacy
A fallacy is the use of invalid or otherwise faulty reasoning in the construction of an argument that may appear to be well-reasoned if unnoticed. The term was introduced in the Western intellectual tradition by the Aristotelian '' De Sophisticis Elenchis''. Fallacies may be committed intentionally to manipulate or persuade by deception, unintentionally because of human limitations such as carelessness, cognitive or social biases and ignorance, or potentially due to the limitations of language and understanding of language. These delineations include not only the ignorance of the right reasoning standard but also the ignorance of relevant properties of the context. For instance, the soundness of legal arguments depends on the context in which they are made. Fallacies are commonly divided into "formal" and "informal". A formal fallacy is a flaw in the structure of a deductive argument that renders the argument invalid, while an informal fallacy originates in an error in ...
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Status Quo
is a Latin phrase meaning the existing state of affairs, particularly with regard to social, economic, legal, environmental, political, religious, scientific or military issues. In the sociological sense, the ''status quo'' refers to the current state of social structure or values. With regard to policy debate, it means how conditions are contrasted with a possible change. For example: "The countries are now trying to maintain the ''status quo'' with regard to their nuclear arsenals." To maintain the ''status quo'' is to keep things the way they presently are. The related phrase '' status quo ante'', literally 'the status before', refers to the state of affairs that existed previously. Political usage The status quo may be changed via social movements. These seek to alleviate or prevent a particular issue and often to shape social feeling and cultural expression of a society or nation. Advocating to improve the status quo is a persuasive rhetorical device. This is sometimes ...
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Chronological Snobbery
Chronological snobbery is an argument that the thinking, art, or science of an earlier time is inherently inferior to that of the present, simply by virtue of its temporal priority or the belief that since civilization has advanced in certain areas, people of earlier periods were less intelligent. The term was coined by C. S. Lewis and Owen Barfield, and first mentioned by Lewis in his 1955 autobiographical work, '' Surprised by Joy''. Chronological snobbery is a form of appeal to novelty. Explanation As Barfield explains it, it is the belief that "intellectually, humanity languished for countless generations in the most childish errors on all sorts of crucial subjects, until it was redeemed by some simple scientific dictum of the last century." The subject came up between them when Barfield had converted to Anthroposophy and was seeking to get Lewis (an atheist at the time) to join him. One of Lewis's objections was that religion was simply outdated, and in '' Surprised by Joy'' ...
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Appeal To Tradition
Appeal to tradition (also known as ''argumentum ad antiquitatem'' or ''argumentum ad antiquitam'', appeal to antiquity, or appeal to common practice) is a claim in which a thesis is deemed correct on the basis of correlation with past or present tradition. The appeal takes the form of "this is right because we've always done it this way", and is a logical fallacy. The opposite of an appeal to tradition is an appeal to novelty, in which one claims that an idea is superior just because it is new. An appeal to tradition essentially makes two assumptions that may not be ''necessarily'' true: * The old way of thinking was proven correct when introduced, i.e. since the old way of thinking was prevalent, it was necessarily correct. :In reality, this may be false—the tradition might be entirely based on incorrect grounds. * The past justifications for the tradition are still valid. :In reality, the circumstances may have changed; this assumption may also therefore have become u ...
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Dot-com Bubble
The dot-com bubble (or dot-com boom) was a stock market bubble that ballooned during the late-1990s and peaked on Friday, March 10, 2000. This period of market growth coincided with the widespread adoption of the World Wide Web and the Internet, resulting in a dispensation of available venture capital and the rapid growth of valuations in new dot-com Startup company, startups. Between 1995 and its peak in March 2000, investments in the NASDAQ composite stock market index rose by 80%, only to fall 78% from its peak by October 2002, giving up all its gains during the bubble. During the dot-com crash, many online shopping companies, notably Pets.com, Webvan, and Boo.com, as well as several communication companies, such as Worldcom, NorthPoint Communications, and Global Crossing, failed and shut down. Others, like Lastminute.com, MP3.com and PeopleSound were bought out. Larger companies like Amazon (company), Amazon and Cisco Systems lost large portions of their market capitalizati ...
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Advertising
Advertising is the practice and techniques employed to bring attention to a Product (business), product or Service (economics), service. Advertising aims to present a product or service in terms of utility, advantages, and qualities of interest to Consumer, consumers. It is typically used to promote a specific good or service, but there are a wide range of uses, the most common being commercial advertisement. Commercial advertisements often seek to generate increased Consumption (economics), consumption of their products or services through "Branding (promotional), branding", which associates a product name or image with certain qualities in the minds of consumers. On the other hand, ads that intend to elicit an immediate sale are known as Direct marketing, direct-response advertising. Non-commercial entities that advertise more than consumer products or services include Political party, political parties, Interest group, interest groups, Religious organization, religious o ...
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Bleeding Edge
Emerging technologies are technologies whose development, practical applications, or both are still largely unrealized. These technologies are generally new but also include old technologies finding new applications. Emerging technologies are often perceived as capable of changing the status quo. Emerging technologies are characterized by radical novelty (in application even if not in origins), relatively fast growth, coherence, prominent impact, and uncertainty and ambiguity. In other words, an emerging technology can be defined as "a radically novel and relatively fast growing technology characterised by a certain degree of coherence persisting over time and with the potential to exert a considerable impact on the socio-economic domain(s) which is observed in terms of the composition of actors, institutions and patterns of interactions among those, along with the associated knowledge production processes. Its most prominent impact, however, lies in the future and so in the eme ...
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Newbie
''Newbie'' is a slang term for a ''novice'', ''newcomer'', or somebody inexperienced in a given profession or activity. In particular, it may refer to a new user of computers, and often concerns Internet activity, such as online gaming or Linux use. The origin of this term is uncertain. Earliest uses probably date to late twentieth century United States Armed Forces jargon, though possible precursor terms date much earlier. The related term noob (often stylized as '' n00b'') is frequently used in online gaming. History The etymology of the term is uncertain. It may derive from "newie", which is attested in U.S. and Australian sources of the 1850s, meaning a neophyte in a place or situation; alternatively, it may derive from the British public school slang "new boy" or "new blood", which is attributed to the same era and was applied to a schoolboy in his first term.
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Side Effect
In medicine, a side effect is an effect of the use of a medicinal drug or other treatment, usually adverse but sometimes beneficial, that is unintended. Herbal and traditional medicines also have side effects. A drug or procedure usually used for a specific effect may be used specifically because of a beneficial side-effect; this is termed " off-label use" until such use is approved. For instance, X-rays have long been used as an imaging technique; the discovery of their oncolytic capability led to their use in radiotherapy for ablation of malignant tumours. Frequency of side effects The World Health Organization and other health organisations characterise the probability of experiencing side effects as: * Very common, ≥ 1⁄10 * Common (frequent), 1⁄10 to 1⁄100 * Uncommon (infrequent), 1⁄100 to 1⁄1000 * Rare, 1⁄1000 to 1⁄10000 * Very rare, < 110000 The

Return On Investment
Return on investment (ROI) or return on costs (ROC) is the ratio between net income (over a period) and investment (costs resulting from an investment of some resources at a point in time). A high ROI means the investment's gains compare favorably to its cost. As a performance measure, ROI is used to evaluate the efficiency of an investment or to compare the efficiencies of several different investments.Return On Investment – ROI
, Investopedia as accessed 8 January 2013
In economic terms, it is one way of relating profits to capital invested.


Purpose

In business, ...
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Fear Of Missing Out
Fear of missing out (FOMO) is the feeling of apprehension that one is either not in the know about or missing out on information, events, experiences, or life decisions that could make one's life better. FOMO is also associated with a fear of regret, which may lead to concerns that one might miss an opportunity for social interaction, a novel experience, a memorable event, profitable investment, or the comfort of loved ones. It is characterized by a desire to stay continually connected with what others are doing, and can be described as the fear that deciding not to participate is the wrong choice. FOMO could result from not knowing about a conversation, missing a TV show, not attending a wedding or party, or hearing that others have discovered a new restaurant. In recent years, FOMO has been attributed to a number of negative psychological and behavioral symptoms. FOMO has increased in recent times due to advancements in technology. Social networking sites create many opportunit ...
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Historian's Fallacy
The historian's fallacy is an informal fallacy that occurs when one assumes that decision makers of the past viewed events from the same perspective and having the same information as those subsequently analyzing the decision. It is not to be confused with presentism, a similar but distinct mode of historical analysis in which present-day ideas (such as moral standards) are projected into the past. The idea was first articulated by British literary critic Matthew Arnold in 1880 and later named and defined by American historian David Hackett Fischer in 1970. Concept The idea that a critic can make erroneous interpretations of past works because of knowledge of subsequent events was first articulated by Matthew Arnold. In his 1880 essay ''The Study of Poetry,'' he wrote: The course of development of a nation’s language, thought, and poetry, is profoundly interesting; and by regarding a poet’s work as a stage in this course of development we may easily bring ourselves to make it ...
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