Monthly Archives: May 2018

Signals from the unexpected

Posted on May 25, 2018 by koenfucius

(credit: didgeman CC BY) The messages that are sent when expectations and reality are at odds can be revealing and powerful A few weeks ago, three things happened to me on three consecutive days. All three involved choices other people … Continue reading →

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The point of tipping

Posted on May 18, 2018 by koenfucius

(credit: Lea Latumahina BY CC) An old and persistent custom offers rich insight in our profound economic nature I have to start with an embarrassing confession. On my very first business trip to the US, having arrived on a Saturday evening, … Continue reading →

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The Meaning of Milestones

Posted on May 10, 2018 by koenfucius

(credit: Simon Clayson BY CC) We often give milestones more significance than they objectively have Do you have a mortgage? If you live in Northwestern Europe, you probably do. According to Eurostat, more than half the population in the Nordic … Continue reading →

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

Numbers large and small

Posted on May 4, 2018 by koenfucius

(featured image credit: Yeji Lee CC BY) Why is there no £8 coffee at Starbucks? Imagine you’re in the market for a small car, something like a Citroën C1 maybe, a Volkswagen Up! or a Toyota Aygo. Looking at the catalogues, … Continue reading →

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