Tag Archives: preferences

Puzzling preferences

(featured image credit: A.H.M CC BY) Are our preferences fixed, or can we change them at will? Would you prefer a holiday for the advertised price, or the very same one for 25% less? Would you prefer spending half an … Continue reading

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

Like shifting sands

(featured image credit: Weekend wayfarers CC BY) Our preferences are neither fixed, nor absolute – and that is a good thing, in times of crisis Some people prefer fried tomatoes to steamed broccoli, while for others it is the opposite. … Continue reading

Posted in Behavioural economics, Economics, Emotions, Psychology, Society | 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

How economics can help us understand people better

When we think that the behaviour of others is baffling or if it seems utterly wrong to us, economics can help us take a different perspective You may not realize it, but every time you are placing your purchases on … Continue reading

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

How effective is your altruism?

(featured image credit: Yukiko Matsuoka CC/BY) We cannot escape profound, inevitable trade-offs when it comes to how we use our resources – including when we give them away.  Next time you pay for your groceries at the supermarket, have a look … Continue reading

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

The problem with preferences

(Featured image: Images Money) Can an objective measure like money help determine what we really, really want? A cynic, Oscar Wilde wrote in his play Lady Windermere’s Fan, is “a man knows the price of everything, and the value of nothing”. … Continue reading

Posted in Behavioural economics, Economics | Tagged , | 2 Comments