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Category Archives: Society
Are agriculture and nature poles apart?
The trickiest of decisions are those where either/or is out of the question. The farmers’ protests in Belgium have been continuing unabated this past week, though an agreement was reached this morning. One of their grievances is their feeling that … Continue reading
Posted in Behavioural economics, Economics, Emotions, politics, Psychology, Society
Tagged decision making
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Activist thinking – curse or blessing?
featured image: Alisdare Hickson/Flickr CC BY SA 2.0) There is much to criticize in activism (especially by economists), but is it all bad? Imagine your kidneys have ceased functioning, and you have been needing dialysis for months, waiting for a … Continue reading
Posted in Behavioural economics, Cognitive biases and fallacies, Economics, Psychology, Society
Tagged decision making
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Reputation for plagiarism
Plagiarism is certainly worthy of disdain when it constitutes actual theft – collecting payment that the original creator would have received – but why do we also tend to take a dim view of instances of plagiarism where there is … Continue reading
Posted in Behavioural economics, Emotions, Ethics, Morality, Psychology, Society
Tagged decision making
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It’s the demand, stupid
Markets, and indeed most of the interactions between people that involve some form of exchange, are about supply and demand. Economics treats both as equals and is mostly concerned with the equilibrium between the two, but from a human nature … Continue reading
Posted in Behavioural economics, Economics, Psychology, Society
Tagged decision making
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Economic thinking in the real world
(featured image: Marius Arnesen/Flickr CC BY NC 2.0) Economic thinking can help a lot with everyday decision making, but some choices are beyond its capability. Or are they? Many of the decisions we make – from the trivial to the … Continue reading
Posted in Behavioural economics, Economics, Morality, politics, Psychology, Society
Tagged Decision-making
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Beyond costs and benefits
We often act like economic beings, weighing up the pros and cons of options looking for the one with the best overall net benefit. But sometimes we don’t, and then we may find ourselves on thin ice. Here is a … Continue reading
Posted in Behavioural economics, Economics, Ethics, Philosophy, Psychology, Society
Tagged Decision-making
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Solving the backyard problem
Featured image: Manolo Gómez/Flickr CC BY 2.0 NIMBY – not in my backyard – refers to a problem with both economic and behavioural angles. Might that suggest a way to tackle it? As children, many of us were told about … Continue reading
Posted in Behavioural economics, Economics, Psychology, Society
Tagged Decision-making
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Dancing on a tightrope
(featured image via DALL·E) Decision making requires a fine balance between emotion and reason – nowhere more so than in matters of justice To make decisions – picking an option among two or more possibilities (sometimes a binary choice between … Continue reading
Posted in Behavioural economics, Emotions, Law, Psychology, Society
Tagged Decision-making
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Accentuate the negative
(featured image: Vu Tran/Flickr CC BY NC 2.0) (Not a recommendation, but an observation.) We often tend to focus on what is bad, and neglect what is good, and that leads to bad arguments, bad decisions and bad policy making. … Continue reading
Posted in Behavioural economics, Cognitive biases and fallacies, Emotions, Psychology, Society
Tagged decision making
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Not so intelligent?
Featured image: JahnmitJa/Flickr CC BY SA 2.0 ChatGPT is all the rage, but does it live up to our expectations? And are our expectations realistic? I remember my first trip to Japan in the 1990s. I had worked all over … Continue reading
Posted in Behavioural economics, Emotions, Psychology, Society
Tagged Artificial intelligence, Decision-making
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