Tag Archives: Pricing

Numbers large and small

(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?

(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

(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