Category Archives: Cognitive biases and fallacies

Facts don’t matter

(credit: Amusing Planet) …what matters is how much you care about them. It has not been a good month for statues. True, statues have been torn down before: you may remember the images of the Iraqi ruler Saddam Hussein’s statue … Continue reading

Posted in Behavioural economics, Cognitive biases and fallacies, Psychology, Society | Leave a comment

An accidental behavioural economist in lockdown – Part II: Mental Economics

(featured image credit: Catherine Thackstone/Flickr CC BY) A surprisingly large part of our economic activity takes place between our ears Undistracted by the triggers and prompts of intriguing human behaviour that a break in south-west England has provided in past years … Continue reading

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

What (we think) others think about us

(featured image credit: Nathan Rupert CC BY) Our concern about the way we believe others see us is not necessarily all that helpful “Does my bum look big in this?” Lovers of British comedy may recall this catchphrase from The … Continue reading

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

The prediction battle

(featured image credit: Alfred Derks/Pixabay) The future has rarely been more uncertain than at present, and when we try to predict what will happen, we are subject to conflicting angles that battle it out It is difficult to make predictions, … Continue reading

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

Embrace your ignorance

(featured image: Robert Couse-Baker CC BY) It is OK not to know stuff for certain, especially when things are uncertain Once upon a time, there was a cat. It was a hypothetical cat, owned and imagined by Erwin Schrödinger, a … Continue reading

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

Our (corona)viral pitfalls

(featured image credit: CDC) The stakes in the global battle against the coronavirus are high, and our ability to make sense of often conflicting messages is under strain – there are many pitfalls. How should we evaluate what we read? … Continue reading

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

Unjust deserts

(featured image: Aimee Ray CC BY) Many people see meritocracy as a worthy ideal: everyone gets what they deserve. Luck can mess this up: it is, by definition, something we don’t deserve. But is it really that simple? Imagine you … Continue reading

Posted in Behavioural economics, Cognitive biases and fallacies, Economics, Ethics, Psychology, Society | Tagged | Leave a comment

The essence of time

(image: studio curve and Butch Dallsay CC BY) We are familiar with the concept of value for money, but are we as good at assessing ‘value for time’? You’re going on a short break tomorrow. You still need to pack … Continue reading

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

Two tales of deception

(featured image: Marcia O’Connor CC BY) We may be misled by false signs of authority, but being fooled by our deepest beliefs is a bigger concern As the leaves in Stockholm (and elsewhere in the Northern hemisphere) begin to colour, … Continue reading

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

Brexit, a multitude of decision-making case studies

Whether you think Brexit is a good thing or a bad thing, the process so far is a catalogue of spectacularly poor decisions. What can we learn from them? “Life is journey, not a destination”, a widely misattributed quote goes. … Continue reading

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