Category Archives: Cognitive biases and fallacies

No uncertain terms

We are all suckers for certainty Earlier this month, it was announced that Paul Dacre, the editor of the Daily Mail since 1992, would step down in November of 2018. The Mail is the second best selling newspaper in the … Continue reading

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Your own personal dogma

(featured image credit: Thomas Hawk) Much of what we do, we don’t really question. That is a mixed blessing Last Friday evening I was driving back home on the M20 towards London. In the distance I could see a small white … Continue reading

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When things are not what they seem

credit: Steve/Flickr CC BY Numbers look so very absolute, but that may be deceptive If you bought a car for £1,000 yesterday, and you sold it today for £1,200, did you make a profit? Most likely you’ll say yes. £1,200 … Continue reading

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Good processes and bad outcomes

(featured image credit: credit: Kurt Komoda) Even good processes can lead to tragedies – we should not let hindsight bias make us believe otherwise When you think about it, your personal life is actually quite complex. You’re faced with a huge … Continue reading

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The Meaning of Milestones

(credit: Simon Clayson BY CC) We often give milestones more significance than they objectively have Do you have a mortgage? If you live in Northwestern Europe, you probably do. According to Eurostat, more than half the population in the Nordic … Continue reading

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Numbers large and small

(featured image credit: Yeji Lee CC BY) Why is there no £8 coffee at Starbucks? Imagine you’re in the market for a small car, something like a Citroën C1 maybe, a Volkswagen Up! or a Toyota Aygo. Looking at the catalogues, … Continue reading

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Springonomics

(featured image credit: Aaron Brown) Economics, economics everywhere, even more so as spring has sprung We may not be quite like the mythical homo economicus, but every year when spring arrives in the Northern hemisphere, along with the return of … Continue reading

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