Category Archives: Philosophy

Strange dictators

An old game is turned upside down, and the results are surprising An old favourite in behavioural science, often wheeled out to show that we are not ‘rational’, is the Dictator Game. According to standard economic theory, people should be … Continue reading

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Wisdom or certainty?

(featured image credit: PeterKraayvanger/pixabay) Both wisdom and certainty are valuable, but if you have one, you can’t have the other Whenever we decide to spend money on something, we are doing what economists call allocating a scarce resource one way rather … Continue reading

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