In the realm of economic theories, where choices appear as outcomes of stable preferences, Cognitive Economics introduces a novel perspective. This field, blending insights from economics, neuroscience, and cognitive psychology, seeks to unravel the mysteries of human decision-making, challenging conventional wisdom. Classical Economics assumes that choices derive from stable preferences, whereas Behavioral Economics ventures into […]
The stories of corruption within democracies have millennia-old origins; just think of the Verrines or the trial against Catiline, cases that changed the sensibilities of the time regarding the morality underlying politics. The gradual expansion of suffrage, up to its universality, are recent and significant steps that have changed the needs of democratic countries. A […]
Over centuries, countries have adopted different strategies in terms of diplomacy. From the United States’ “hard boots” approach to soft diplomacy – nations have learned how to adapt in order to foster positive relationships and enhance their image on the global stage. Over the course of the past years, strategies have evolved to incorporate behavioral […]
The expression “seasonal shopping events” or “SSEs” refers to specialized events, often related to national or religious holidays, in which retailers create shopping opportunities, by offering discounts and promotions, to attract consumers and maximize sales volume. The end of November brings two of the most relevant SSEs, Black Friday and Cyber Monday. Historically, Black Friday […]
“Last Friday of November.” The term “Black Friday” dates back to the 1960s, symbolising the point in which retailers transition from being ‘in the red’ to ‘in the black’, in other words, begin to make a profit. It has since then been used to talk about the informal start of the Christmas shopping season that […]
Sports, beyond their entertainment value, are able to give a unique insight into economics. While the traditional way to combine those two elements is to look at the economics of sport, in this article we will actually focus on the economics in sports, a field that uses athletic competitions as a lens to unravel human […]
When Positivity becomes toxic. Everyone is familiar with the terrible effects constant negativity can have on their mood and overall wellbeing. When you feel good about something, there is almost nothing more devastating than people bringing nothing but negative energy to the table. This can look like them pointing out how bad things are going […]
An overview of 2023 Economics Nobel Prize winner Claudia Goldin’s research. Name the first 3 famous female economists that come to your mind. Most people would be able to come up with even more examples of male economists, but why is it so hard to think of women economists? The social stigma that defines careers […]
Introduction From a young age, we are told to work hard to find a well-payed job, as to be able to live a fulfilling life. However, there is no set rule for how much money it takes to be happy, although, we as a society have a general understanding of the value of a humane […]
“Steely nerves and patience, a ruthless and tactical game plan, lots of compromises, and the ability to shrug off feelings of utter despair…” That is how The Times magazine describes a successful investor: a superhuman fully in control of himself and his undesired emotions. Here we should ask the question: what about the biases? Can […]
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