Monthly Archives: October 2017

Comparing minds

Posted on October 27, 2017 by koenfucius

(featured image: qimono) A relativity principle possibly even more fundamental than Albert Einstein’s A little while ago I sat working with the radio tuned to a show in which the hostess quizzes a celebrity for a couple of hours on … Continue reading →

Posted in Behavioural economics, Cognitive biases and fallacies, Economics, Emotions | Tagged | 2 Comments

Context counts

Posted on October 20, 2017 by koenfucius

In our search for universal truths we should bear in mind the importance of the context Nobel prizes don’t typically cause much commotion outside their respective scientific domains. Occasionally though, something about the award resonates more widely, perhaps because some … Continue reading →

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Selling your soul

Posted on October 13, 2017 by koenfucius

(featured image: wikimedia) The trade-offs we don’t want to make (but believe others should) Not much is known with any certainty about Johann Georg Faust. Wikipedia describes him as an alchemist, astrologer and magician, who was born in either 1466 … Continue reading →

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Monty Hall forever

Posted on October 6, 2017 by koenfucius

(credit: khiemtran87/Wikipedia) A baffling decision-making problem that illustrates surprising irrationalities Last Saturday, Monty Hall, a Canadian game show host died at the ripe old age of 96. He presented more than 10 different programmes, both on radio and television, in … Continue reading →

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