Tag Archives: cognitive economics

The right wage

Posted on October 9, 2020 by koenfucius

(featured image: kues1 via Freepik) Most of us don’t only work for the money. But should that influence how much we get paid? Many years ago, one of my daughters once asked me why everyone did not earn the same … Continue reading →

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Ignorance and moral wiggle room

Posted on August 21, 2020 by koenfucius

(credit: Diana Grytsku via Freepik) Sometimes we prefer not to know something, for example to avoid worry or to escape accountability. But ignorance may also serve our moral identity and reputation More than 2/3 of all adults in the UK … Continue reading →

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It’s (almost) all about emotions

Posted on August 14, 2020 by koenfucius

(featured image credit: David Pacey CC BY) Economics sometimes has a reputation of being a cold science, in which humanity has no part to play. But in many of our economic decisions, emotions are the prime influence In business, economic … Continue reading →

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Master of our thoughts

Posted on July 10, 2020 by koenfucius

(featured image credit: Edmond Wells CC BY) We can choose to find out what we want to know, and choose not to find out what we don’t want to know, but can we also choose to ignore what we know? … Continue reading →

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Powerful thought

Posted on April 17, 2020 by koenfucius

(featured image: Martin Cleary CC BY) Economics can help us understand our choices and behaviour even better if it looks inside our heads Isn’t language wonderful? Particularly when you’re learning a language different from your mother tongue and you come … Continue reading →

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The value of (not) knowing

Posted on November 22, 2019 by koenfucius

We pay for goods and services, but are we also prepared to pay to know something – or indeed to not know something?   The economy is mostly concerned with the trading of goods and services – that is what … Continue reading →

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Economics in our thoughts

Posted on November 8, 2019 by koenfucius

(featured image credit: Geralt/Pixabay) We are economic beings, and much of our own economics happens between our ears Picture your favourite artist or band, performing your favourite song, live on stage. Now, how much more would you be prepared to … Continue reading →

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Economics in your thoughts

Posted on September 14, 2018 by koenfucius

Economic thinking is not just about objective costs and benefits – it is also about your very thoughts You’re driving along a road in town, and in the distance you can see a pedestrian crossing, protected by traffic lights. A … Continue reading →

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Value, imagined

Posted on August 3, 2018 by koenfucius

(featured image: credit: Ali Eminov CC BY) Is the value of stuff we buy, from grapefruit to airline seats, in the mind of the beholder? Magic doesn’t really exist, but in a way, economics comes close. Contrary to what common wisdom … Continue reading →

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