Author Archives: koenfucius

About koenfucius

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

Economics in your thoughts

Economic thinking is not just about objective costs and benefits – it is also about your very thoughts You’re driving along a road in town, and in the distance you can see a pedestrian crossing, protected by traffic lights. A … Continue reading

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Bags of nudges

(featured image credit: Mitchell Haindfield CC BY) The British government is planning to double the charge for single-use plastic shopping bags, to reduce their usage further. Will this work? I am pretty sure that you, like so many environmentally conscious … Continue reading

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How effective is your altruism?

(featured image credit: Yukiko Matsuoka CC/BY) We cannot escape profound, inevitable trade-offs when it comes to how we use our resources – including when we give them away.  Next time you pay for your groceries at the supermarket, have a look … Continue reading

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(Behavioural) economics through sunglasses

(featured image credit: Jennifer Stahn BY/CC) When you’ve embraced economic thinking, even a summer break from work doesn’t stop you from seeing how profoundly us humans truly are economic beings This summer I have once again been wearing my trusted economics … Continue reading

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More fun with percentages

(featured image credit: geralt/Pixabay) Absolute numbers generally give little insight to anything, but even percentages, averages and ratios must sometimes be treated with caution Earlier this week, the British advertising regulator ASA banned an Amazon advert that promised one-day delivery … Continue reading

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Bending your mind

(featured image credit: Emilio Garcia CC BY) Our beliefs are not always as solid and stable as we tend to, well, believe they are…. Our view of the world is shaped significantly by our beliefs. We believe that this, that … Continue reading

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Value, imagined

(featured image: credit: Ali Eminov CC BY) Is the value of stuff we buy, from grapefruit to airline seats, in the mind of the beholder? Magic doesn’t really exist, but in a way, economics comes close. Contrary to what common wisdom … Continue reading

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