Tag Archives: Irrationality

The immaterial economy

(featured image credit: torstensimon) The peculiarly human nature of economics On Wednesday 10 January Philip Hammond, the UK’s chancellor of the exchequer, and his cabinet colleague David Davis, the secretary for Exiting the EU, flew to Germany. The aim of their … Continue reading

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

Misunderstanding rationality

(Featured image credit: Les Colporteurs CC0) It is tempting to equate ‘rational’ with ‘right’, and ‘irrational’ with ‘wrong’, but that is mistaken The lottery is sometimes called a tax on the stupid. The logic behind this opinion is that the … Continue reading

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

The irrationality of charity

Featured image: Howard Lake/Flickr When charitable donations are concerned, we seem to be even more irrational than otherwise What is an acceptable salary for a CEO who works in the charity sector? For the Daily Mail, a British tabloid newspaper, £200,000 would … Continue reading

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

Confessions of an irrational behaviouralist

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