Category Archives: Emotions

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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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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Signals from the unexpected

(credit: didgeman CC BY) The messages that are sent when expectations and reality are at odds can be revealing and powerful A few weeks ago, three things happened to me on three consecutive days. All three involved choices other people … Continue reading

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Personal framing

(featured image credit: H. Uechi) We have more power over how we make choices and how we feel than we may realize Imagine you are an oncologist, and you discuss a course of action with a lung cancer patient. There … Continue reading

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Rules vs instincts

(featured image credit: Gary J. Wood) Economic and social forces condition our behaviour in traffic – and not always for the best “Get out of my way!” If you’re a driver, this phrase has probably crossed your lips (and if not … Continue reading

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Influence from beyond the grave

(featured image credit: MemoryCatcher) How our relationship with a dead person guides the choices we make Have a look around you, and pick the first object that your eye catches. How much is it worth, would you say? Maybe you’re trying … Continue reading

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All there is

(featured image credit: Mikepaws) “None so blind as those who will not see” At the end of last year, Britain’s Royal Statistical Society invited, for the first time, their members and the general public to nominate their favourite statistic. In the … Continue reading

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