Tag Archives: Fairness

All because of the Joneses

(featured image: eugeniu) Are we doomed to be forever dissatisfied with our lot?   Imagine the scene. You have just taken delivery of a shiny new car. You are over the moon. At last you have replaced its clapped out predecessor, … Continue reading

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Fairness or efficiency?

(featured image: NeuPaddy) Yet another instance of the tension between our emotions and economic logic Imagine a clothing retailer who charges more for an item in a larger size than for an almost identical one in a more mainstream size. While … Continue reading

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