Monthly Archives: April 2024

Thinking fast and wrong

Posted on April 26, 2024 by koenfucius

featured image by Julian Mason/Flickr CC BY 2.0 Thinking fast, contrary to what we are sometimes led to believe, is a largely adaptive trait that serves us well. When it is not, and leads us up the garden path, it … Continue reading →

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Bans and obligations: a last resort?

Posted on April 19, 2024 by koenfucius

(featured image collage with work by LtapsaH/Pixabay) The law can be an important, but often overlooked, factor in our day-to-day choices. But how effective are legal bans and obligations really? A decision whether or not to do something is almost … Continue reading →

Posted in Behavioural economics, Cognitive biases and fallacies, Law, Morality, Organization Development, Psychology | Tagged | Leave a comment

Beyond value for money: lessons from a broken-down car

Posted on April 12, 2024 by koenfucius

(Featured image: cottonbro studio/pexels) Economic transactions like purchases are often treated as exchanges: you pay someone money and get goods or services in return. But is the only thing that matters that the benefit outweighs the cost – that you … Continue reading →

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A craving for certainty

Posted on April 5, 2024 by koenfucius

(featured photo: Bill Reynolds/Flickr CC BY 2.0 Even if we know we cannot avoid uncertainty, we continue to pursue certainty. Retirement planning. It’s one of the classic topics in behavioural economics: most people realize they should be saving (more) for … Continue reading →

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