Category Archives: Emotions

Viral decisions

Featured image: Laura Billings/Flickr CC BY-NC 2.0 The extreme conditions a pandemic puts us in shines a stark light on the fundamental challenges of decision making – both at a personal level, and in policy making Imagine being asked not … Continue reading

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Smiling at a deadweight loss

featured image: Matt Stratton/Flickr CC BY NC ND 2.0) Should we be simply be giving each other cash, or are presents better after all? 28 years ago, then young-ish economist Joel Waldfogel wrote a paper, The Deadweight Loss of Christmas, … Continue reading

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Real repugnance

Should some transactions – even between two willing parties – be forbidden? The other day, I came across a picture from the US, showing a small sign attached to a tree announcing that someone was willing to buy diabetic test … Continue reading

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The meaning of things

The value of an object to us is closely tied with its meaning, and that is tied up in the emotions we experience The art market can be peculiar, but by and large there are some principles that generally seem … Continue reading

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Why slowing down climate change is hard (and how it might be done anyway)

(featured image: <flooding,jpg> Sue Thompson/Flickr CC BY-ND 2.0) Countries get together to discuss how to address climate change, but it’s people’s behaviour that needs to change If, one evening, you were to discover that your house is on fire, I … Continue reading

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Important futilities

Sometimes what we do seems to be unduly influenced by what appears to be utterly futile. Is that as unwise as it seems? Last Saturday was Luka’s 6th birthday. We had some balloons to decorate the house, and for just … Continue reading

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The relativity of mysterious overconfidence

(featured image: kues1/Freepik) Both doubt and confidence have benefits, but is there anything worthwhile in overconfidence? It is the season of party conferences in Britain. Over the years I have lived here, my attitude towards them has evolved from interest … Continue reading

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Like me

(featured image: Goran Has/Flickr CC BY 2.0) Is it irrational to favour people with whom you have something important in common? Imagine the prime minister of your country is not someone you naturally align with: in fact, you’d rather see … Continue reading

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Buyer and seller – one market price, two perspectives

(featured image: abby_mix07/Flickr CC BY NC SA 2.0) Markets enable prices to reach a level that satisfies both sellers and buyers, but that doesn’t necessarily mean that they see that price in the same way Do you know what a … Continue reading

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We can fabricate data, but we cannot fabricate the truth

(Featured image: Matt Lemmon/Flickr CC BY SA 2.0) When a renowned behavioural scientist gets embroiled in a case of fabricated data, there may be some lessons for us all When a behavioural science paper is discovered to have been using … Continue reading

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