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Monthly Archives: July 2020
A likely trade-off
(featured image credit: HeungSoon via Pixabay) Probabilities are hard to understand, but some mistakes may not be what they seem Chance is a bit of a slippery concept for many of us. We can grasp that, if we toss a … Continue reading
Just ask
(featured image credit: cookie_studio via Freepik) How can we get other people to do something for us? Perhaps it’s easier than we imagine. In Blake Edwards’ 1975 movie The Return of the Pink Panther, Peter Sellers (playing Inspector Jacques Clouseau … Continue reading
Posted in Behavioural economics, Emotions, Ethics, Psychology, Society
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The natural laws of human behaviour (not)
(Credit Carlo Crivelli – The Yorck Project (2002) 10.000 Meisterwerke der Malerei Public Domain) Unlike physical objects, which behave according to the laws of gravity or thermodynamics, our behaviour is not that easy to describe If you have been accessing … Continue reading
Master of our thoughts
(featured image credit: Edmond Wells CC BY) We can choose to find out what we want to know, and choose not to find out what we don’t want to know, but can we also choose to ignore what we know? … Continue reading
Posted in Behavioural economics, Economics, Emotions, Psychology
Tagged cognitive economics
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Puzzling preferences
(featured image credit: A.H.M CC BY) Are our preferences fixed, or can we change them at will? Would you prefer a holiday for the advertised price, or the very same one for 25% less? Would you prefer spending half an … Continue reading
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