[Photo credit: Lending Memo]

Mainstream and behavioural economics are two sides of the same coin

An image of a football match with supporters on the stands in the background
(featured image: Goran Has/Flickr CC BY 2.0)

Is it irrational to favour people with whom you have something important in common?

A buyer and a seller of fruit on a market
(featured image: abby_mix07/Flickr CC BY NC SA 2.0)

Markets enable prices to reach a level that satisfies both sellers and buyers, but that doesn’t necessarily mean that they see that price in the same way

A panoramic view of a hotel pool, with sun loungers in the background
(featured image: jEd dC/Flickr CC BY NC ND 2.0)

We often assume we are entitled to something, but that is literally only half of the story

Odometer of a car
(Featured image: Matt Lemmon/Flickr CC BY SA 2.0)

When a renowned behavioural scientist gets embroiled in a case of fabricated data, there may be some lessons for us all

Data detectives at work

A cross-channel ferry

Human behaviour continues to be an inexhaustible source of wonder and fascination — even when on holiday

A masked robber
(featured image: User18526052 via Freepik)

The good news is that we are prosocial; in other news, it comes with strings and conditions attached

A pensive-looking chimpansee (presumably making some inference)
(featured image: PublicDomainPictures via Pixabay)

Much of what we think we know is built on the powdery sands of conjecture and assumptions

A Ludo board

A board game with a small human illustrates how much emotions influence our decisions

A dining room with tables dressed for a formal dinner
(featured image: UNC Greensboro/Flickr CC BY NC-ND 2.0)

One of our more intriguing and widespread beliefs is that when others appear to pay for something, it is actually free to us. But looks can be deceptive…

Koen Smets

Accidental behavioural economist in search of wisdom. Uses insights from (behavioural) economics in organization development. On Twitter as @koenfucius

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