Tag Archives: Anchoring

An accidental behavioural economist in lockdown – Part I: Flipping wisdom

Posted on June 12, 2020 by koenfucius

(featured image credit: Karel Julien Cole/Flickr CC BY) Economics everywhere, and not an economist in sight There is something about milestones. I was reminded of this fact by a post last weekend on Martin Carty’s blog. The milestone of its … Continue reading →

Posted in Behavioural economics, Emotions, Psychology, Society | Tagged | 1 Comment

An (accidental) behavioural economist takes a break

Posted on June 7, 2019 by koenfucius

A collection of vignettes illustrating the quirky (but not necessarily irrational) behaviour and decision-making of us human beings (primarily the author’s) Taking some time off work changes one’s focus and perspective, but some thought processes just keep on running. If … Continue reading →

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

The largest anchor ever

Posted on March 3, 2017 by koenfucius

(Featured image: clmper) How do we know what is a reasonable amount of money to pay? How much would a rational person be prepared to pay for, say, a cauliflower? They’d go down the ranking of all possible purchases, and for … Continue reading →

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

Confessions of an irrational behaviouralist

Posted on January 13, 2017 by koenfucius

Cognitive illusions cloud your judgement – and mine – when it comes to spending (featured image credit: daezho/pixabay) In December of last year, United Airlines, one of the largest US carriers, announced that they would be charging passengers for using … Continue reading →

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