Tag Archives: Amazon

The compartments of your (financial) mind

Posted on December 1, 2017 by koenfucius

(credit: Like_the_Grand_Canyon) We are all mental accountants, for better and for worse   You probably have them too in your purse or your wallet: a stack of store loyalty cards. Every time you pass a till, you habitually hand over … Continue reading →

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

Selling your soul

Posted on October 13, 2017 by koenfucius

(featured image: wikimedia) The trade-offs we don’t want to make (but believe others should) Not much is known with any certainty about Johann Georg Faust. Wikipedia describes him as an alchemist, astrologer and magician, who was born in either 1466 … Continue reading →

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

What’s the price?

Posted on June 16, 2017 by koenfucius

(featured image: pexels) Internet companies are trying to charge different prices for the same thing depending on who you are. Is that a problem? Prices are a funny concept. We unthinkingly treat them as if they are a physical attribute of … Continue reading →

Posted in Behavioural economics, Cognitive biases and fallacies, Economics, Ethics | Tagged , , , | 1 Comment