Monthly Archives: June 2023

Dramatic dilemmas and AI

Posted on June 30, 2023 by koenfucius

Featured image: via DALL·E Can artificial intelligence make better decisions than we would ourselves? For that, it might be a good idea to look at the hardest decisions we face. And where better to look than in gripping drama? We … Continue reading →

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Talking ‘bout my reputation

Posted on June 23, 2023 by koenfucius

Reputation serves an important purpose in a society in which we rely on the cooperation and goodwill of others. Our desire to enhance or preserve it will guide our behaviour, but that doesn’t mean we can expect everyone to behave … Continue reading →

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The power of ‘what if’?

Posted on June 16, 2023 by koenfucius

Our imagination is one of the most powerful cognitive instruments we have. How can we make the most of it to make better decisions? How do we perceive the world around us? The obvious answer is that our senses pick … Continue reading →

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Dancing on a tightrope

Posted on June 9, 2023 by koenfucius

(featured image via DALL·E) Decision making requires a fine balance between emotion and reason – nowhere more so than in matters of justice To make decisions – picking an option among two or more possibilities (sometimes a binary choice between … Continue reading →

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Bad decisions

Posted on June 2, 2023 by koenfucius

(featured image: stevepb/Pixabay) What is a bad decision? It is tempting to say, “one with a bad outcome”, but unless the outcome was certain right from the start, this is not the right criterion. Bad decision making is about flaws … Continue reading →

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