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Monthly Archives: October 2010
In the kingdom of children, the established currency is gummy bears. Or at least, that’s what researchers at the Friedrich Schiller University in Germany used in experiments to understand envy and altruism in children. For adults, studies often focus on … Continue reading
Today, UK consumer group Which? highlighted how much money consumers are losing out on due to a practice that has infuriated me for some time – although admittedly the fury has given way to resignation and procrastination. Hey, I’m only … Continue reading
I don’t mean to sound preachy or patronising, but apparently going to church instead of shopping makes women happier. It’s not clear why, if this is the case, they are not going to church and continuing to go shopping. Maybe … Continue reading
The easily amused members of the academic community have rather enthusiastically embraced the use of the acronym WEIRD (used to describe people from Western, Educated, Industrialized, Rich and Democratic societies) as is evident in the title of this paper: “Warm … Continue reading
Jerome Kerviel probably isn’t going to get another job as a trader for a while. Banks might also want to think twice about employing any of his siblings – or at least read this rather interesting paper from Sweden’s Institute … Continue reading
Behavioural economics incorporates psychology into the science of decision-making. Some of it isn’t all that new to marketers, who have been using funny quirks in our decision-making skills to sell more stuff to us for years (e.g. pricing things at … Continue reading
Advertising. Sometimes it provides useful information about products before you buy. Sometimes it’s a socially wasteful side-product of competition between firms (No, really, how different can two brands of washing powder be?) I enjoyed an example of the latter every … Continue reading
Just to make me feel less guilty, I’m apologising for being on holiday. Back soon.