Monthly Archives: September 2021

Incentives in the balance

Posted on September 24, 2021 by koenfucius

(featured image: Ruslan/Flickr CC BY SA 2.0 and Thamizhpparithi Maari/Wikimedia CC BY SA 3.0) We respond to incentives, that is true – but not always in the way that might be expected An insight to which I often return is … Continue reading →

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

Like me

Posted on September 17, 2021 by koenfucius

(featured image: Goran Has/Flickr CC BY 2.0) Is it irrational to favour people with whom you have something important in common? Imagine the prime minister of your country is not someone you naturally align with: in fact, you’d rather see … Continue reading →

Posted in Behavioural economics, Emotions, politics, Psychology, Society | Tagged , | Leave a comment

Buyer and seller – one market price, two perspectives

Posted on September 10, 2021 by koenfucius

(featured image: abby_mix07/Flickr CC BY NC SA 2.0) Markets enable prices to reach a level that satisfies both sellers and buyers, but that doesn’t necessarily mean that they see that price in the same way Do you know what a … Continue reading →

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

A right to entitlement

Posted on September 3, 2021 by koenfucius

(featured image: jEd dC/Flickr CC BY NC ND 2.0) We often assume we are entitled to something, but that is literally only half of the story Years ago, my (British) colleagues and I had what we thought was a brilliant … Continue reading →

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