Monthly Archives: August 2023

Games with prices

Posted on August 25, 2023 by koenfucius

(Featured photo: thelittleone417/Flickr CC BY SA 2.0) How the same price, with different pricing methods, leads to different consumer behaviour, and how the president is needed to facilitate the adoption of a superior pricing method when it bumps into game-theoretic … Continue reading →

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Positive unintended consequences

Posted on August 18, 2023 by koenfucius

Why it is good not only to have an eye for detrimental unintended consequences Much of what we do in our day-to-day life can be viewed through economic glasses: transactions with costs and benefits for the parties concerned. When these … Continue reading →

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A tale of joy and regret

Posted on August 11, 2023 by koenfucius

What can a peculiar collective choice – and how the decision-makers have been feeling about it since they made it – tell us about the regrets (and joy) of decision making? Many of our decisions are made “under uncertainty”. Often, … Continue reading →

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Beyond costs and benefits

Posted on August 4, 2023 by koenfucius

We often act like economic beings, weighing up the pros and cons of options looking for the one with the best overall net benefit. But sometimes we don’t, and then we may find ourselves on thin ice. Here is a … Continue reading →

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