Category Archives: Cognitive biases and fallacies

Coloured reality

(image via Youtube/PBS) Is reality, as we see it, anywhere near the mark? Have a look around you, listen (and feel free to use your other senses too). That should give you a good sense of the reality of your … Continue reading

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Choosing and using identities

(featured image credit: Jenny Scott CC BY) Identity is strong, and can trip us up in two ways. Who are you? That’s a pretty existential question. It is quite hard to come up with a quick and concise answer – … 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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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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The incredible flipping preference

What we truly prefer is sometimes not what we choose There is a new coffee place in town. Monday last week temptation got the better of me and I decided to try it out. The Americano was rather pricey at … Continue reading

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What’s new(s)?

(featured image credit: Martin Krolikowski CC BY) The priorities of the items in the news hint at an important factor in our economic decision-making   In the past week, three themes have been dominating the news headlines in the UK: … Continue reading

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