Tag Archives: nominal illusion

When things are not what they seem

credit: Steve/Flickr CC BY Numbers look so very absolute, but that may be deceptive If you bought a car for £1,000 yesterday, and you sold it today for £1,200, did you make a profit? Most likely you’ll say yes. £1,200 … Continue reading

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