Tag Archives: Framing

Real prices can be about more than supply and demand

Posted on October 1, 2021 by koenfucius

(featured image via Twitter) How to turn an unfair price rise into a fair one This last week, the UK has been experiencing a freak petrol* crisis. A handful of filling stations on the south coast had run out of … Continue reading →

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

Is that a lot, or is that a little?

Posted on May 22, 2020 by koenfucius

(credit: duncan c/Flickr CC BY) The answer to the question is often far from clear-cut, and we may be easily misled – by others and by ourselves Imagine you have ended up in a foreign country that you have never … Continue reading →

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A little more perspective, a little more understanding

Posted on October 18, 2019 by koenfucius

(featured image via Pixabay) Numbers appear to give precision, but they are often meaningless without a suitable context “It never rains in Southern California”, the song by Albert Hammond goes. This is untrue – the average annual rainfall over the … Continue reading →

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

It ain’t what you say, it’s the way that you say it

Posted on May 17, 2019 by koenfucius

(featured image credit: Ron Cogswell CC BY) Can we communicate and not manipulate? I first encountered behavioural science many decades ago – long before I discovered Kahneman, Thaler, Ariely and co. Moreover, it was not even in an academic paper, … Continue reading →

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Comparing minds

Posted on October 27, 2017 by koenfucius

(featured image: qimono) A relativity principle possibly even more fundamental than Albert Einstein’s A little while ago I sat working with the radio tuned to a show in which the hostess quizzes a celebrity for a couple of hours on … Continue reading →

Posted in Behavioural economics, Cognitive biases and fallacies, Economics, Emotions | Tagged | 2 Comments

(Weak) point of law

Posted on September 26, 2016 by koenfucius

Calls for new or stricter legislation are often based on a misunderstanding of how people’s behaviour is really influenced One of the interesting side effects of being a citizen of one country and living in another one is that it … Continue reading →

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