Category Archives: Behavioural economics

Don’t tell me what you don’t want

When rejecting something is not enough “Tell me what you want, what you really, really want”, the Spice Girls sang in their catchy hit Wannabe, 22 years ago. They were not (to the best of my knowledge) a bunch of … Continue reading

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More power to the imagination

(featured image credit: Motihada) In praise of an underrated and underused mental instrument in decision-making There is more to economics than the economy. Much of human interaction is a form of trading: we give something up, and we get something … Continue reading

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How cold?

(featured image: Ross Dunn CC BY)   When we say something leaves us cold, we don’t always mean absolute zero Last Sunday, the Christmas lights were switched on in my town. This is an annual event, not just here, but … Continue reading

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How difficult can it be?

(featured image credit: Torbein Rønning CC BY) We all need a little faith, once in a while, when we’re faced with a difficult problem and we don’t know what is the best solution. But it’s best not to use it … Continue reading

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A new life or an old life?

(featured image credits: Jenny Mealing CC BY and Dr KontogianniIVF) One of the fundamentals of economics is also a fundamental of life. It involves cake and eating. Most people know pretty well what actions are needed to make babies. But … Continue reading

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Our skin in their game

(featured image credit: Pilots of Swiss CC BY) An economic term for the wrongs of the world One Friday, a long time ago, I was fortunate enough to travel in the jump seat on the flight deck of a Boeing … Continue reading

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When the material meets the immaterial

(featured image credit: Mr Blue MauMau CC BY) With incentives, things are not always what they seem “Most of economics can be summarized in four words: ‘People respond to incentives.’ The rest is commentary,” Steven Landsburg writes on the very … Continue reading

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