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Category Archives: Emotions
Suspicious minds
Featured photo: Pixabay People can be too sceptical, and irrationally turn down offers that are genuine. Or might that not be as irrational as it seems? Imagine a mad billionaire makes you the following offer: he will pay you an … Continue reading
Posted in Economics, Behavioural economics, Emotions, Cognitive biases and fallacies, Psychology
Tagged decision making
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Thinking fast and wrong
featured image by Julian Mason/Flickr CC BY 2.0 Thinking fast, contrary to what we are sometimes led to believe, is a largely adaptive trait that serves us well. When it is not, and leads us up the garden path, it … Continue reading
Posted in Behavioural economics, Cognitive biases and fallacies, Emotions, Psychology
Tagged decision making
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Beyond value for money: lessons from a broken-down car
(Featured image: cottonbro studio/pexels) Economic transactions like purchases are often treated as exchanges: you pay someone money and get goods or services in return. But is the only thing that matters that the benefit outweighs the cost – that you … Continue reading
A craving for certainty
(featured photo: Bill Reynolds/Flickr CC BY 2.0 Even if we know we cannot avoid uncertainty, we continue to pursue certainty. Retirement planning. It’s one of the classic topics in behavioural economics: most people realize they should be saving (more) for … Continue reading
Posted in Behavioural economics, Cognitive biases and fallacies, Economics, Emotions, Psychology
Tagged decision making, regret
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The amoral universe
(featured image: Hubble ESA/Flickr CC BY 2.0) Is morality, literally, just a figment of our imagination? Every parent will, sooner or later, experience clashes between their beliefs, and those of their children. The first such clash in my life happened … Continue reading
Posted in Behavioural economics, Cognitive biases and fallacies, Emotions, Morality, Psychology
Tagged Decision-making
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Overwhelmed by wide horizons
Featured image Martin Heigan/Flickr CC BY NC ND 2.0 Thanks to technology, we have access to stuff beyond our wildest imaginations, but that can also make our life more difficult. How can we best handle these super wide horizons? In … Continue reading
Right things
What is right for me is not necessarily right for thee – an everyday story of moral dilemmas One of my guilty pleasures – well, one that I am happy to share with the world – is that I am … Continue reading
Posted in Behavioural economics, Cognitive biases and fallacies, Emotions, Ethics, Morality, Psychology
Tagged decision making
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Transparent or opaque?
(featured image via Dall-E 3) Transparency, especially related to people’s incomes, may not be as desirable as we think Relativity is widely associated with Albert Einstein (even though many people have, at best, only a vague idea of what the … Continue reading
Posted in Behavioural economics, Economics, Emotions, Ethics, Organization Development, Psychology
Tagged decision making
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Are agriculture and nature poles apart?
The trickiest of decisions are those where either/or is out of the question. The farmers’ protests in Belgium have been continuing unabated this past week, though an agreement was reached this morning. One of their grievances is their feeling that … Continue reading
Posted in Behavioural economics, Economics, Emotions, politics, Psychology, Society
Tagged decision making
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Rational borrowing, irrational repaying
(featured image: <Lloyds bank.jpg> Moneybright/Flickr CC BY 2.0) There may be more to debt than meets the financial eye. What characteristics makes humans uniquely human among the animals? Many of the obvious candidates turn out to be a matter of … Continue reading
Posted in Behavioural economics, Cognitive biases and fallacies, Economics, Emotions, Psychology
Tagged decision making
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