Monthly Archives: March 2019

The right priorities

Posted on March 29, 2019 by koenfucius

How traffic can be made safer and smoother – if you’re not bumping up against status quo bias Until we are all moving about in autonomous vehicles, we have to do the hard work of driving ourselves. And when I … Continue reading →

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The wisdom of the process

Posted on March 22, 2019 by koenfucius

(featured image credit: Sarah Slade CC BY) We are often tempted to act impulsively, even though it is not in our interest. Good processes can help us avoid giving in to short-term temptations One of my oldest memories is learning … Continue reading →

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Who you (think you) are shapes what you think

Posted on March 15, 2019 by koenfucius

(featured image credit: Settergren) We have multiple identities, and see the world accordingly Say you spent your youth in Scotland, but have been living in London for over 20 years. Are you a Scots person living in London, or a … Continue reading →

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Find your inner economist

Posted on March 8, 2019 by koenfucius

(featured image credit: Ulleo) To make good choices, we have to be able to compare apples and pears Perhaps the most fundamental error that people make when discussing, or thinking about, economics is the belief that, confronted with two or … Continue reading →

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Trade-offs, fast and slow

Posted on March 1, 2019 by koenfucius

(featured image credit: domeckopol) Our biology determines how we make decisions, but we have a secret weapon Economics and biology are not the most obvious bedfellows. Standard economics has a reputation of assuming agents who have access to all relevant … Continue reading →

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