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Monthly Archives: November 2019
The essence of time
(image: studio curve and Butch Dallsay CC BY) We are familiar with the concept of value for money, but are we as good at assessing ‘value for time’? You’re going on a short break tomorrow. You still need to pack … Continue reading
Posted in Behavioural economics, Cognitive biases and fallacies, Economics, politics
Tagged deadlines, Time
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The value of (not) knowing
We pay for goods and services, but are we also prepared to pay to know something – or indeed to not know something? The economy is mostly concerned with the trading of goods and services – that is what … Continue reading
Posted in Behavioural economics, Economics, Psychology
Tagged cognitive economics, information, knowledge
1 Comment
How much time is money?
(featured image credit: Joel Charbonnet CC BY) Many decisions we make concern time or money. Both are scarce resources, but the relationship between them can be unexpected My first summer job was as an attendant in a petrol station … Continue reading
Posted in Behavioural economics, Economics, Psychology
Tagged Charitable giving, Money, Time, Traffic
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Economics in our thoughts
(featured image credit: Geralt/Pixabay) We are economic beings, and much of our own economics happens between our ears Picture your favourite artist or band, performing your favourite song, live on stage. Now, how much more would you be prepared to … Continue reading
Posted in Behavioural economics, Economics, Psychology
Tagged cognitive economics, decision making, imagination
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Two tales of deception
(featured image: Marcia O’Connor CC BY) We may be misled by false signs of authority, but being fooled by our deepest beliefs is a bigger concern As the leaves in Stockholm (and elsewhere in the Northern hemisphere) begin to colour, … Continue reading
Posted in Behavioural economics, Cognitive biases and fallacies, Psychology, Society
Tagged Authority
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