[Photo credit: Lending Memo]

Mainstream and behavioural economics are two sides of the same coin

A handmade sign promising cash for diabetic strips

Should some transactions — even between two willing parties — be forbidden?

A seismogram
Featured image: Dave Schumaker/Flickr BY-CC-ND 2.0

How a change of plans and expectations can act as shock therapy to help us properly consider our choices… or not

An old, not very valuable painting of two rural farm buildings

The value of an object to us is closely tied with its meaning, and that is tied up in the emotions we experience

A flooded park
(featured image: Sue Thompson/Flickr CC BY-ND 2.0)

Countries get together to discuss how to address climate change, but it’s people’s behaviour that needs to change

Image in which the full moon seems to rest on a tree branch
image: Martine/Flickr CC BY-NC 2.0)

Decisions are a matter of trade-offs, and end-of-life decision-making is literally a matter of trading off life and death. But our society exhibits a status quo bias that raises big ethical questions*

A young man holding a distorting mirror, showing his nose much longer than it is in reality
(featured image: Will Temple/Flickr CC BY 2.0)

Our morality is not quite so black-and-white as we sometimes like to believe

A garland with the flags spelling “PITDAY”

Sometimes what we do seems to be unduly influenced by what appears to be utterly futile. Is that as unwise as it seems?

Cars queueing at a petrol station
(featured image via Twitter)

How to turn an unfair price rise into a fair one

Koen Smets

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

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store