Category Archives: Behavioural economics

Pricing under pressure

(featured image credit: Alex W) Should morality, rather than the market, dictate the right price of goods and services in emergency situations? In his book Misbehaving, behavioural economist Richard Thaler relates an interesting experiment he conducted with Daniel Kahneman and Jack … Continue reading

Posted in Behavioural economics, Cognitive biases and fallacies, Economics, Emotions, Ethics, Morality, Philosophy | Tagged , , | Leave a comment

A cocktail of biases

(featured image: delo) Jumping to conclusions – the easiest kind of exercise, especially on a Sunday morning I learned three things this week: two things I didn’t know, and one thing I did know, but regularly seem to forget. All of … Continue reading

Posted in Behavioural economics, politics, Cognitive biases and fallacies | Tagged , , , | Leave a comment

An accidental behavioural economist on holiday

(featured image credit: Stocksnap) (Behavioural) economics lenses don’t stop working when you’re on break, it seems It is sometimes said that “economics is the study of human behaviour”. (A Google search of this exact phrase produces over 30,000 hits, so … Continue reading

Posted in Behavioural economics, Economics | Tagged | Leave a comment

Why choosing can be better than picking

(featured image credit: Penn State) Life is an endless string of choices. The way we make them matters In the 1982 movie Sophie’s Choice (after the eponymous book by William Styron), the central character (played by Meryl Streep) faces a dramatic … Continue reading

Posted in Behavioural economics, Economics, Emotions | Tagged , | Leave a comment

Shaping our reality

(Featured image credit: Free-Photos) Is there an objective reality, and are we capable of observing it? On the day after Donald Trump officially became the US president, the then White House press secretary stated the crowd “was the largest audience ever … Continue reading

Posted in Behavioural economics, Cognitive biases and fallacies, Emotions, Morality, politics | Tagged , | Leave a comment

Eggs and chips

(featured image credit: paul sandham/CC) Why we see two similar health threats very differently My native country is in international the news again, thanks to the unfolding egg scandal that is now expanding well beyond its borders. Traces of Fipronil, … Continue reading

Posted in Behavioural economics, Cognitive biases and fallacies, Economics, Emotions | Tagged | Leave a comment

What do we want? Control!

(image credit: Sarah Ross/CC) Control and freedom of choice are important to us, and we are prepared to pay real money for it. But things are not always that simple… ‘A la carte’ – a posh French phrase that implies something … Continue reading

Posted in Behavioural economics, Cognitive biases and fallacies, Morality, politics | Tagged , , , | Leave a comment