Category Archives: Society

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

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

Why are we giving gifts?

(Featured image credit: Peter Dutton CC BY) Lifting the veil over a mysterious custom This is the time of the year when it is obligatory for any piece with even the vaguest reference to Christmas, gifts, or economics to mention … Continue reading

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

A new life or an old life?

(featured image credits: Jenny Mealing CC BY and Dr KontogianniIVF) One of the fundamentals of economics is also a fundamental of life. It involves cake and eating. Most people know pretty well what actions are needed to make babies. But … Continue reading

Posted in Behavioural economics, Economics, Ethics, Health, Morality, Psychology, Society | Tagged , , | Leave a comment

Our skin in their game

(featured image credit: Pilots of Swiss CC BY) An economic term for the wrongs of the world One Friday, a long time ago, I was fortunate enough to travel in the jump seat on the flight deck of a Boeing … Continue reading

Posted in Behavioural economics, Economics, Psychology, Society | Tagged , | Leave a comment

When the material meets the immaterial

(featured image credit: Mr Blue MauMau CC BY) With incentives, things are not always what they seem “Most of economics can be summarized in four words: ‘People respond to incentives.’ The rest is commentary,” Steven Landsburg writes on the very … Continue reading

Posted in Behavioural economics, Economics, Management, Psychology, Society | Tagged | Leave a comment

Coloured reality

(image via Youtube/PBS) Is reality, as we see it, anywhere near the mark? Have a look around you, listen (and feel free to use your other senses too). That should give you a good sense of the reality of your … Continue reading

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

Technicalities and voluntary morals

(credit: Elliot Brown CC BY) Is what is technically right also morally right? Maybe I should have studied law instead of engineering. One day when I was eight, my best friend and I were chatting in class when we shouldn’t, … Continue reading

Posted in Behavioural economics, Ethics, Law, Morality, Psychology, Society | Tagged , , | Leave a comment