› added 7 years ago

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TIL of the Greater Fool Theory, which states that the price of an object is determined not by its intrinsic value, but rather by irrational beliefs and expectations of market participants.

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pY6xQ TIL that a bullet fee is a charge assessed to the family of executed prisoners. They literally would charge for the bullet used. Bullet fees have been levied in the Islamic Republic of Iran, Kingdom of Yugoslavia, as well as in the People's Republic of China, and Nazi Germany.
Wg4B TIL: There is an Ikea effect in which a person places a disproportionately high value on objects that they partially assembled themselves, regardless of the quality of the end result.
PYQBL TIL Dr. Seuss' widow disliked 'The Cat in the Hat' (2003) so much that she banned Hollywood from making Live Action movies of Seuss characters
ep4WE TIL that Common Law Marriage is only actually recognized in 7 U.S. States and DC
NX8Z8 TIL The Life of Brian was banned in a Welsh town until the actress who played Brian's girlfriend became mayor and lifted the ban 30 years later