Tag Archives: Pricing

A fair price for everyone

Posted on April 19, 2019 by koenfucius

(featured image credit: Timothy Takemoto CC BY) Fairness is an important feature in our society. But is a fair price a fixed price, which is the same for everyone? For billions of years, life on this planet has been subject … Continue reading →

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

Numbers large and small

Posted on May 4, 2018 by koenfucius

(featured image credit: Yeji Lee CC BY) Why is there no £8 coffee at Starbucks? Imagine you’re in the market for a small car, something like a Citroën C1 maybe, a Volkswagen Up! or a Toyota Aygo. Looking at the catalogues, … Continue reading →

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What’s the price?

Posted on June 16, 2017 by koenfucius

(featured image: pexels) Internet companies are trying to charge different prices for the same thing depending on who you are. Is that a problem? Prices are a funny concept. We unthinkingly treat them as if they are a physical attribute of … Continue reading →

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

The anti-nudge

Posted on May 12, 2017 by koenfucius

(Featured image: Publicdomainpictures) Politicians’ love of behavioural insights is quickly forgotten if votes can be bought with populist measures When elections are imminent, talk is cheap, and cheaper still are politicians’ promises. Sure, there is little doubt that British Prime … Continue reading →

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