Monthly Archives: March 2021

Where is the value?

(featured image: Wikimedia Commons/Public Domain Value, and in particular differential value, determines much of our behaviour. But it’s a slippery, ethereal concept A long time ago, when travel was still possible and people still went on holiday, every morning I … Continue reading

Advertisement

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

The bitterness of doing nothing

When we should really challenge our own, and other people’s omission bias Biases (cognitive and behavioural tendencies) and heuristics (mental shortcuts) are often associated with bad decisions, but it is worth bearing in mind their evolutionary origins before we label … Continue reading

Posted in Behavioural economics, Cognitive biases and fallacies, Economics, Emotions, Management, Philosophy, Psychology, Society | Tagged , | Leave a comment

Unbound your rationality (for better decisions)

(featured image: Mussi Katz/Flickr CC BY) The bounds to our rationality are sometimes within our control and even self-imposed – an easy opportunity to improve our decisions? How irrational are we really? Book titles like Predictably Irrational and The Upside … Continue reading

Posted in Behavioural economics, Psychology | Tagged , , | Leave a comment

The challenge of making the best choices

(featured image: duncan c/Flickr CC BY) Better decision making may mean widening, or narrowing horizons – depending on whether you are a human or a machine Four years ago, in the small hours of 21st March 2017, the neighbourhood around … Continue reading

Posted in Behavioural economics, Cognitive biases and fallacies, Economics, Psychology | Tagged , , | Leave a comment