Category Archives: Emotions

Belief without value

Our beliefs often stand in the way of better decisions – because we value them too much The great economist John Maynard Keynes reportedly once said, ‘When my information changes, I alter my conclusions. What do you do, Sir?’ As … Continue reading

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Fairness or efficiency?

(featured image: NeuPaddy) Yet another instance of the tension between our emotions and economic logic Imagine a clothing retailer who charges more for an item in a larger size than for an almost identical one in a more mainstream size. While … Continue reading

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Choice and regret (or when there is too much jam)

(Featured image: Jarmoluk) Freedom of choice is awesome… or is it? A friend of mine attended a conference recently. It was a huge affair with thousands of participants, and – excluding special events – around 350 sessions, spread over three days. There were … Continue reading

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Too much commitment is bad news

Featured image via ytimg.com What can go wrong when tenacity goes too far People who keep going in the face of adversity speak to our emotions and our imagination like few other things do. Inspirational books are often written by (or … Continue reading

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The irrationality of charity

Featured image: Howard Lake/Flickr When charitable donations are concerned, we seem to be even more irrational than otherwise What is an acceptable salary for a CEO who works in the charity sector? For the Daily Mail, a British tabloid newspaper, £200,000 would … Continue reading

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Identity on the scales

(credit for featured image: jackmac34/pixabay) How the groups with which we identify influence how we make our own trade-offs (and not always for the better) All else being equal, when faced with two choices, a rational, self-interested person making a … Continue reading

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Oh yes, you can; oh no, you don’t have to

How often do you say “I’m sorry but I can’t…” or “I really have to…” – and is that really the case? (credit for featured image: diowncx/pixabay) Think about it: it is overwhelmingly likely that you are talking nonsense almost … Continue reading

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