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 […]
Are you feeling like you are stuck on a treadmill, while your peers are nearing the finish line on a marathon? Are your grades spiralling down alongside your motivation and self-esteem? Does it feel like the only thing getting bigger is the pile of assignments due? Do not panic! You might be a victim of […]
What is Happiness? For millennia, philosophers, moralists, and scholars have postulated and waxed poetic about happiness, its causes, and its true meaning. Achieving happiness is the ultimate goal for many, as evidenced by the thousands of best-selling self-help books, the hundreds of sold out self-improvement seminars across the world, and the dozens of millionaire life […]
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. […]
Life is made of decisions: whether about your career path, health insurance, marriage, the next brand of toothpaste you want to try or whatever else, you simply cannot avoid them. What professors Richard H. Thaler and Cass R. Sunstein address in Nudge is the possibility of improving people’s choices by acting on the design of the question. It is just as […]
With the tumultuous state of the USA elections at the moment, our association has been focusing heavily on the theme of the voting behaviour Our first meeting of the semester took place on November 5th, two days after election night in the USA. The two days post elections has the world on its toes in […]
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, […]
Thinking, Fast and Slow is the book that every behavioural economics enthusiast should read at least once in their lifetime. The author is nothing less than Daniel Kahneman, the psychologist awarded with the Nobel prize in economics in 2002 for his work on human judgement and decision making under uncertainty, which combines psychological research with […]
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