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Monthly Archives: November 2018
More power to the imagination
(featured image credit: Motihada) In praise of an underrated and underused mental instrument in decision-making There is more to economics than the economy. Much of human interaction is a form of trading: we give something up, and we get something … Continue reading
Posted in Behavioural economics, Cognitive biases and fallacies, Economics, Emotions, politics, Psychology
Tagged System 1, System 2, System 3
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How cold?
(featured image: Ross Dunn CC BY) When we say something leaves us cold, we don’t always mean absolute zero Last Sunday, the Christmas lights were switched on in my town. This is an annual event, not just here, but … Continue reading
How difficult can it be?
(featured image credit: Torbein Rønning CC BY) We all need a little faith, once in a while, when we’re faced with a difficult problem and we don’t know what is the best solution. But it’s best not to use it … Continue reading
Posted in Behavioural economics, Cognitive biases and fallacies, Emotions, politics, Psychology
Tagged decision making
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A new life or an old life?
(featured image credits: Jenny Mealing CC BY and Dr KontogianniIVF) One of the fundamentals of economics is also a fundamental of life. It involves cake and eating. Most people know pretty well what actions are needed to make babies. But … Continue reading
Posted in Behavioural economics, Economics, Ethics, Health, Morality, Psychology, Society
Tagged decision making, fertility, healthcare
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Our skin in their game
(featured image credit: Pilots of Swiss CC BY) An economic term for the wrongs of the world One Friday, a long time ago, I was fortunate enough to travel in the jump seat on the flight deck of a Boeing … Continue reading
Posted in Behavioural economics, Economics, Psychology, Society
Tagged decision making, externalities
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