Tag Archives: decision making

More indifference

Why strong preferences and opinions are not (always) good for us My young teenage daughter used to ask me whether I ‘hated’ the male lead singer of the band The Beautiful South every time one of their ditties was played … Continue reading

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

Unthinkable

Be careful when you label a possibility ahead of you as unimaginable: your imagination may well be tested to destruction Have you ever attempted to log on to a website you rarely use, only to find that the password you … Continue reading

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

The wisdom of the process

(featured image credit: Sarah Slade CC BY) We are often tempted to act impulsively, even though it is not in our interest. Good processes can help us avoid giving in to short-term temptations One of my oldest memories is learning … Continue reading

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

Who you (think you) are shapes what you think

(featured image credit: Settergren) We have multiple identities, and see the world accordingly Say you spent your youth in Scotland, but have been living in London for over 20 years. Are you a Scots person living in London, or a … Continue reading

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

The price of attachment

(featured image credit: Les Chatfield CC BY) Value is in the eye of the holder, even more than in the eye of the beholder Something terrible happened to me last weekend. Well, that is what it felt like, anyway. My … Continue reading

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

Blinkers and intuitions

(featured image credit: MabelAmber) Our intuition may inadvertently fit us with blinkers If you live in the UK as an expatriate and have a name like mine, you stand out. Yes, you have to learn to live with a wide … Continue reading

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

Unwitting mental time accountants

(featured image credit: alles/pixabay) Are we better at making good use of our time than at making good use of our money? What is an hour worth to you? If you are in work, a reasonable approximation would be your … Continue reading

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