Category Archives: Psychology

The price of attachment

(featured image credit: Les Chatfield CC BY) Value is in the eye of the holder, even more than in the eye of the beholder Something terrible happened to me last weekend. Well, that is what it felt like, anyway. My … Continue reading

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Blinkers and intuitions

(featured image credit: MabelAmber) Our intuition may inadvertently fit us with blinkers If you live in the UK as an expatriate and have a name like mine, you stand out. Yes, you have to learn to live with a wide … Continue reading

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How economics can help us understand people better

When we think that the behaviour of others is baffling or if it seems utterly wrong to us, economics can help us take a different perspective You may not realize it, but every time you are placing your purchases on … Continue reading

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Unwitting mental time accountants

(featured image credit: alles/pixabay) Are we better at making good use of our time than at making good use of our money? What is an hour worth to you? If you are in work, a reasonable approximation would be your … Continue reading

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The unequal struggle between facts and conviction

(featured image credit: stevepb/Pixabay) When we argue on the basis of a conviction, we should be seeking to verify our position, rather than to confirm it “When the facts change, I change my mind. What do you do, Sir?” This … Continue reading

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Strange excesses: on insurance and probabilities

How insurance can sometimes be a gamble in more than one way Are you a gambler? Let’s not count lottery draws, or even the occasional punt on a horse or the result of a football match. If we exclude these, … Continue reading

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A more care-less year

Can caring be a bad thing? Caring is a strong motive for quite a big chunk of our behaviour. If we care about something (or somebody), it means we are willing to put energy into it, effort, time and cost. … Continue reading

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