Author Archives: koenfucius

About koenfucius

Wisdom or koenfusion? Maybe the difference is not that big.

Ethical liars

(featured image: Will Temple/Flickr CC BY 2.0) Our morality is not quite so black-and-white as we sometimes like to believe One of my earliest memories, I must have been four or five, is when my mother, to her embarrassment, forgot … Continue reading

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Important futilities

Sometimes what we do seems to be unduly influenced by what appears to be utterly futile. Is that as unwise as it seems? Last Saturday was Luka’s 6th birthday. We had some balloons to decorate the house, and for just … Continue reading

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The relativity of mysterious overconfidence

(featured image: kues1/Freepik) Both doubt and confidence have benefits, but is there anything worthwhile in overconfidence? It is the season of party conferences in Britain. Over the years I have lived here, my attitude towards them has evolved from interest … Continue reading

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Real prices can be about more than supply and demand

(featured image via Twitter) How to turn an unfair price rise into a fair one This last week, the UK has been experiencing a freak petrol* crisis. A handful of filling stations on the south coast had run out of … Continue reading

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Incentives in the balance

(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

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Like me

(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

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Buyer and seller – one market price, two perspectives

(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

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A right to entitlement

(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

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We can fabricate data, but we cannot fabricate the truth

(Featured image: Matt Lemmon/Flickr CC BY SA 2.0) When a renowned behavioural scientist gets embroiled in a case of fabricated data, there may be some lessons for us all When a behavioural science paper is discovered to have been using … Continue reading

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An accidental behavioural economist is on holiday – again

Human behaviour continues to be an inexhaustible source of wonder and fascination – even when on holiday Unexpectedly, your correspondent had an opportunity to return to his native country at short notice for a brief holiday after skipping the annual … Continue reading

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