Category Archives: Philosophy

Inescapable philosophy?

(featured image credit: Thor Edvardsen) Do we need philosophy to fully understand and explain our behaviour? (I am going to make a quick assumption here about your honesty.) How come you never engage in something like shoplifting? Surely doing so is … Continue reading

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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

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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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