Category Archives: Emotions

Is it our business?

(Image credit: stevepb) Sometimes characteristics of products or services, or of those who sell them, immaterial as they are, can greatly influence our willingness to pay. Should they be any of our business? 500 years ago, on 31 October 1517, Martin … Continue reading

Posted in Behavioural economics, Economics, Emotions, Ethics | Tagged , | Leave a comment

Comparing minds

(featured image: qimono) A relativity principle possibly even more fundamental than Albert Einstein’s A little while ago I sat working with the radio tuned to a show in which the hostess quizzes a celebrity for a couple of hours on … Continue reading

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

A token of appreciation

(featured image credit: Crishna Simmons) About the remarkably behavioural approach supermarkets have taken to buff up their image and engage their customers in the process Companies are learning that being seen to ‘do the right thing’ is good for their brand … Continue reading

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

Pricing under pressure

(featured image credit: Alex W) Should morality, rather than the market, dictate the right price of goods and services in emergency situations? In his book Misbehaving, behavioural economist Richard Thaler relates an interesting experiment he conducted with Daniel Kahneman and Jack … Continue reading

Posted in Behavioural economics, Cognitive biases and fallacies, Economics, Emotions, Ethics, Morality, Philosophy | Tagged , , | Leave a comment

Why choosing can be better than picking

(featured image credit: Penn State) Life is an endless string of choices. The way we make them matters In the 1982 movie Sophie’s Choice (after the eponymous book by William Styron), the central character (played by Meryl Streep) faces a dramatic … Continue reading

Posted in Behavioural economics, Economics, Emotions | Tagged , | Leave a comment

Shaping our reality

(Featured image credit: Free-Photos) Is there an objective reality, and are we capable of observing it? On the day after Donald Trump officially became the US president, the then White House press secretary stated the crowd “was the largest audience ever … Continue reading

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

Eggs and chips

(featured image credit: paul sandham/CC) Why we see two similar health threats very differently My native country is in international the news again, thanks to the unfolding egg scandal that is now expanding well beyond its borders. Traces of Fipronil, … Continue reading

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