Diplomacy has deeply ancient roots: historians and anthropologists found traces of it in the Middle East, China, and India in the first millennium BCE. Chinese diplomatic apparatus included leagues, missions, a system of polite discourses between “warring states”, and even resident envoys who served as hostages to guarantee the good behavior of those who sent […]
The Greek city-states, the “pòleis”, were designed, starting from the VIII century BC, with the aim of fostering the communal decisions and the sharing of philosophical knowledge. Almost thirty centuries later, our cities do not always seem to be planned to be people-oriented. On the contrary, our urban areas, which are home to more than […]
The job recruitment process is a game. Precisely, a signaling game with asymmetric information. Hoping for a perfect match, both the job seekers and the companies looking for new talent signal their attractiveness to each other. Neglecting the in between the lines signals that are conveyed in job advertisements can deter top candidates from applying and reduce the diversity of the company’s biggest asset – […]
Games are for kids! …. Are they? Games are often undervalued: seen as childish, a waste of time, a way to run away from responsibilities, sometimes. But what if I told you games are powerful tools to improve motivation, learning, engagement, financial choices and even one’s own health? Let me introduce you to gamification, the application of gaming elements, designs and principles in non-game contexts. The applications […]
The idea for this article was born scrolling through my Facebook home page during the last months. Without doing it on purpose, my attention was captured every time by the posts of one of my Facebook contacts, who will be called Mr. X for privacy reasons. Mr. X is an avid Facebook user, publisher of […]
Throughout the history of humankind, stories have always played an essential role: they shaped people’s traditions, defined their religious beliefs, gave birth to their common wisdom and their profound values. Perhaps most importantly, storytelling allowed cultural heritage to be transmitted across generations through a series of alterations or exaggerations. Our daily lives are pervaded by […]
As behavioral economics becomes the hottest economic theory for firms and policymakers promising easy and cheap fixes, it becomes crucial to remember that it also has its dark side. Over the past decade, behavioral economics has become the whiz kid of economic research. Suddenly, traditional models which relied on unrealistic assumptions were criticized and modernized. […]
Are we really in control of our voting behaviour? A behavioral insight on voting preferences and media influence by Valentina Saponara and Enrico Grassi The upcoming US election has the world holding its breath: soon American citizens will cast their vote and shape the future of one of the most relevant actors on the international […]
Why cant people just follow the rules? A look at the biases behind irrational behaviour in the midst of a pandemic Over the past few decades, behavioural economics has exploded as a field of study, not only enriching basic economic models, but also yielding novel insights into the cognitive predispositions of humans. In fact, these […]
Financial bubbles is one of the topics in economics that are intuitive to most people, except for economists. A financial, or speculative bubble, is characterized by a rapid increase in prices of an asset, without much consideration for its intrinsic value, followed by a burst, that is, a sudden reduction in prices. Seems simple enough, […]
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