Categories
Everyday Life

Music and the brain: a biased symphony

Music is a fundamental part of our every-day life. We either listen to it actively while walking, studying, relaxing, attending concerts and operas, or passively, being exposed to background music in bars, restaurants, waiting rooms and many other places. There exists a large amount of literature investigating music and its effects on our emotions and […]

Categories
Everyday Life

A Guide to Empathy

Empathy is the ability to understand someone else’s feelings and view a situation from their standpoint.   Types of empathy include cognitive empathy, emotional or affective empathy, and compassionate empathy. The first relates to understanding how a person feels and why they feel this way. The second refers to the ability to feel someone else’s emotions. […]

Categories
Irrational Investments and Behavioural Finance

“Buy on rumors, sell on news”

Rumours run the market Every day we hear or read about companies being interested in buying other companies or announcing stock splits. These rumours are usually considered positively by investors and stocks rally. In the same fashion, when bad rumours spread, for example about earnings announcement below expectations, stock prices usually take a big hit. […]

Categories
Politics and Public Policy

Biases in news reports and media coverage of the Russo-Ukrainian conflict

Media, all sorts of it, is full of biases. Many, we notice on a daily basis, yet others are rather more subtle. The recent outbreak of events on the Ukranian border, however, has brought a concerning number of those biases to light. It is concerning because of the ramifications on a worldwide scale.   What biases […]

Categories
Everyday Life

House vs. The Mind: Are You Tricked Into Gambling?

Think of a fun place to be: free drinks and snacks, attractive and flirty personnel, bright lights, and a sense of luxury… Guess what? You ended up in a casino! Speaking of the devil, everybody knows that casinos make you spend more than you are intended to. The mystery is: how do they do it? […]

Categories
Everyday Life

The secret attraction of cults 

The world “cult” comes from the Latin “cultus”, meaning “to till or cultivate”. In antiquity it was used to describe the sacrifices, offerings, and monuments built to cultivate favor with the gods, whereas in time, it came to mean any unorthodox religion.  It is a known fact how dangerous a cult could be: they may […]

Categories
Business World

Biases in the hiring process

This short article aims to showcase behavioural biases in the hiring process and shed light on how to effectively prepare for a job interview considering three key biases which may affect the interviewer, the candidate, or both.  1.         The Anchoring Effect  ‘The anchoring effect is a cognitive bias that describes the common human tendency to rely […]

Categories
Philosophy and Literature

The cyanic illusion: a look inside human interaction

Let’s play a game. Imagine you wake up (or better, your conscience does) and you are trapped in an empty room inside your brain. You can see, move, and touch with your own body, but you cannot speak. In fact, your mouth opens, words flow out; you can laugh and interact with your family and friends, but you cannot decide what to say. […]

Categories
Environment Politics and Public Policy

Cooling down environmental panic: Are we biased in the way we approach climate change? 

Thousands of years ago, human beings transcended the overwhelming wrath of nature, proceeded to overcome tribal wars amongst each other (kind of), and now live in a state of chaotic harmony across the planet. However, by our own hands, the conflict with nature has once again ensued—this time on a world stage. Climate change is […]

Categories
Business World Irrational Investments and Behavioural Finance

How biases affect market prices

How much would you pay for a tulip? And for a nice apartment downtown? What is going on when the market price of such an object is extremely high? Chances are you are facing a market bubble. At least once in our life, we have heard about the above-mentioned market bubbles. But what exactly are […]