Monthly Archives: February 2018

All there is

Posted on February 22, 2018 by koenfucius

(featured image credit: Mikepaws) “None so blind as those who will not see” At the end of last year, Britain’s Royal Statistical Society invited, for the first time, their members and the general public to nominate their favourite statistic. In the … Continue reading →

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

All because of the Joneses

Posted on February 16, 2018 by koenfucius

(featured image: eugeniu) Are we doomed to be forever dissatisfied with our lot?   Imagine the scene. You have just taken delivery of a shiny new car. You are over the moon. At last you have replaced its clapped out predecessor, … Continue reading →

Posted in Behavioural economics, Cognitive biases and fallacies, Economics, Emotions, Psychology | Tagged , | 1 Comment

The curse of two hands

Posted on February 9, 2018 by koenfucius

Is ambidexterity a mixed blessing? When I started blogging almost four years ago, one of my first pieces(*) was entitled “A set of scales has two arms”. It was a reaction to a few instances of one-sided reasoning: the draining … Continue reading →

Posted in Behavioural economics, Cognitive biases and fallacies, Economics, Emotions | Tagged | Leave a comment

Good drama = good economics

Posted on February 2, 2018 by koenfucius

Drama is truly compelling when it exposes the raw, painful trade-offs its characters face When the term economics is used in relation to drama, what springs to mind is the financing and the box office takings of a film, or … Continue reading →

Posted in Behavioural economics, Economics, Morality | Tagged , | 1 Comment