Monthly Archives: July 2018

The incredible flipping preference

Posted on July 27, 2018 by koenfucius

What we truly prefer is sometimes not what we choose There is a new coffee place in town. Monday last week temptation got the better of me and I decided to try it out. The Americano was rather pricey at … Continue reading →

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Surreal choices

Posted on July 20, 2018 by koenfucius

When decisions look bizarre, it may be because they involve unfeasible trade-offs Belgium is often associated with surrealism, not just thanks to renowned surrealist painter René Magritte was Belgian, but also because of its somewhat idiosyncratic politics. With six governments, … Continue reading →

Posted in Behavioural economics, Economics, politics | Tagged , , | Leave a comment

What’s new(s)?

Posted on July 13, 2018 by koenfucius

(featured image credit: Martin Krolikowski CC BY) The priorities of the items in the news hint at an important factor in our economic decision-making   In the past week, three themes have been dominating the news headlines in the UK: … Continue reading →

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The fallacy that became itself a fallacy

Posted on July 6, 2018 by koenfucius

(featured image credit LearningLark CC BY) Even specialists can fall prey to cognitive errors I have been tossing a fair coin, and it has come up heads six times in a row. The chance of either heads or tails is 1 … Continue reading →

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