Monthly Archives: November 2023

Everyone generalizes too much

Posted on November 24, 2023 by koenfucius

We cannot avoid generalizing, but we sometimes get it wrong (and even if we get it right, we may be making a faux pas) One of our superpowers is that we can make assumptions about something or someone we have … Continue reading →

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

What enables us to change our mind

Posted on November 17, 2023 by koenfucius

We have two mechanisms that help us make decisions. Even if they oppose each other, they can serve us well, especially for reconsidering choices made earlier What do a fictitious character from a radio soap, and two politicians – one … Continue reading →

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

Economic thinking in the real world

Posted on November 10, 2023 by koenfucius

(featured image: Marius Arnesen/Flickr CC BY NC 2.0) Economic thinking can help a lot with everyday decision making, but some choices are beyond its capability. Or are they? Many of the decisions we make – from the trivial to the … Continue reading →

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

What I really, really want (and how badly)

Posted on November 3, 2023 by koenfucius

(featured image: <money.jpg> photo: Pictures of Money/Flickr CC BY 2.0) One of the cool functions of money is that it allows us to express our preferences in a remarkably refined way by means of our willingness to pay – but … Continue reading →

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