-
Recent Posts
Recent Comments
altruism Amazon Anchoring Artificial intelligence Behavioural economics behaviour change beliefs Brexit Charitable giving Charity choices Christmas cognitive dissonance cognitive economics confirmation bias Decision-making decision making democracy Emotions externalities Fairness Framing gifts holidays incentives Irrationality judgement mental accounting motivated reasoning motivation Nudges Nudging preferences Pricing principles Probability rationality regret reputation Social norms Time trade-offs Traffic Uber WYSIATI
Archives
- May 2024
- April 2024
- March 2024
- February 2024
- January 2024
- December 2023
- November 2023
- October 2023
- September 2023
- August 2023
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- November 2020
- October 2020
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- November 2019
- October 2019
- September 2019
- August 2019
- July 2019
- June 2019
- May 2019
- April 2019
- March 2019
- February 2019
- January 2019
- December 2018
- November 2018
- October 2018
- September 2018
- August 2018
- July 2018
- June 2018
- May 2018
- April 2018
- March 2018
- February 2018
- January 2018
- December 2017
- November 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
- September 2016
- August 2016
- July 2016
- June 2016
Categories
Meta
- Follow Koenfucius on WordPress.com
- My Tweets
Category Archives: Behavioural economics
The limits of transactional thinking
Featured image: mh.xbhd.org/Flickr CC BY 2.0 Customers who treat their relationships with their suppliers of the goods and services as limited to the individual transaction may overlook something that is of much more value than they realize Markets are instrumental … Continue reading
Posted in Behavioural economics, Economics, Management, Psychology
Tagged decision making
Leave a comment
Suspicious minds
Featured photo: Pixabay People can be too sceptical, and irrationally turn down offers that are genuine. Or might that not be as irrational as it seems? Imagine a mad billionaire makes you the following offer: he will pay you an … Continue reading
Posted in Economics, Behavioural economics, Emotions, Cognitive biases and fallacies, Psychology
Tagged decision making
Leave a comment
Thinking fast and wrong
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
Posted in Behavioural economics, Cognitive biases and fallacies, Emotions, Psychology
Tagged decision making
Leave a comment
Bans and obligations: a last resort?
(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
Beyond value for money: lessons from a broken-down car
(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
A craving for certainty
(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
Posted in Behavioural economics, Cognitive biases and fallacies, Economics, Emotions, Psychology
Tagged decision making, regret
Leave a comment
The amoral universe
(featured image: Hubble ESA/Flickr CC BY 2.0) Is morality, literally, just a figment of our imagination? Every parent will, sooner or later, experience clashes between their beliefs, and those of their children. The first such clash in my life happened … Continue reading
Posted in Behavioural economics, Cognitive biases and fallacies, Emotions, Morality, Psychology
Tagged Decision-making
Leave a comment
Don’t confuse the facts with the truth
(featured image via DALL-E 3) We should be careful not to take our interpretation of the facts as the objective, unequivocal truth. A good 20 years ago, Frédéric Brochet, then a PhD student oenology (the study of wine), was cataloguing … Continue reading
Posted in Behavioural economics, Cognitive biases and fallacies, Psychology
Tagged Decision-making
Leave a comment
Overwhelmed by wide horizons
Featured image Martin Heigan/Flickr CC BY NC ND 2.0 Thanks to technology, we have access to stuff beyond our wildest imaginations, but that can also make our life more difficult. How can we best handle these super wide horizons? In … Continue reading
Right things
What is right for me is not necessarily right for thee – an everyday story of moral dilemmas One of my guilty pleasures – well, one that I am happy to share with the world – is that I am … Continue reading
Posted in Behavioural economics, Cognitive biases and fallacies, Emotions, Ethics, Morality, Psychology
Tagged decision making
Leave a comment
Koenfucius 