Category Archives: Ethics

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

What is your reputation worth?

(featured image credit: Evanherk/Wikimedia) We are very protective of how others see us. How protective, and why? Imagine you said something that you never intended to be or sound racist, but that could easily be interpreted to be blatantly so. You … Continue reading

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

Honesty in a box

(featured image credit Tim Green) Acting dishonestly often pays. So does acting honestly go against our own self-interest? Travelling along Britain’s rural roads one doesn’t just encounter octagonal former toll houses (and real tolls). Something else that was unfamiliar to me … Continue reading

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

What’s the price?

(featured image: pexels) Internet companies are trying to charge different prices for the same thing depending on who you are. Is that a problem? Prices are a funny concept. We unthinkingly treat them as if they are a physical attribute of … Continue reading

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

A tale of two tolls (behavioural economics and ethics edition)

(featured image: S Lowe) Why do we happily pay some tolls, and not others? And how ethical is it to encourage people to take the toll option? On the way back from a few days at the seaside, Google informed us … Continue reading

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

It’s a bargain… or is it?

We are happily handing over large amounts of private data to internet giants. How come? And does it matter? Our lives are, in a way, an endless string of trades. Have a look at your latest current account or credit … Continue reading

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

The dark side of nudging?

(featured image: socialneuron) Are companies like Uber really into nudging for evil? In a recent New York Times article, the maverick taxi company Uber came under fire for “pulling psychological levers” to influence when and where their drivers work. A company … Continue reading

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