It is well known that many external factors and personal biases affect investors and make them behave irrationally. But did you know that even the seasons of the year can affect investor behavior? The important factor that changes over the seasons of the year is the length of the day, so how many hours of sunlight there […]
If the history of economic thought is a succession of new mainstreams, the current predominant school of thought is undoubtedly Behavioral Economics. Models introducing cognitive limitations of agents are now increasingly spreading and, even in those economic domains where there is more reluctance towards this approach, behavioral considerations are still part of the debate. If the […]
If you use any social media, you have probably noticed how different and unique your feed is from the one of your friends. The same is true for your Amazon recommendations, Netflix suggestions, Google News homepage, and so on. In the last years, almost every online company has adopted increasingly sophisticated algorithms that analyze users’ […]
“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 […]
How cognitive, attentional, and perceptive biases affect our approach to climate change In the 21st century, climate change is one of the biggest threats to society as we know it. Far from being just a scientific phenomenon – the increase of the mean global temperature from pre-industrial levels – it has deeply rooted economic, social, […]
Is inequality as high/low as you believe it to be? Are your perceptions biased in any way? Do you think your beliefs are based on real data or broad assumptions you formed? Actual levels of inequality and citizens’ (mis)perceptions of those levels often differ significantly. Individuals’ estimates are consistently much lower than the actual level […]
Recently, the so-called “social justice” slideshows and images have dominated our instagram feeds and stories. It seems as if adding a filter to profile pictures or sharing a ten slide powerpoint on a story is our generation’s response to every social injustice or political issue happening in the world. Online petitions, filters on social media, […]
Etymologically, “procrastination” is derived from the Latin verb procrastinare — to put off until tomorrow. But it is more than just voluntarily delaying. Procrastination also comes from the ancient Greek word akrasia, which means doing something against our better judgment. To understand what causes procrastination (outside of conditions such as attention-deficit/hyperactivity disorder, where executive functioning […]
Governments have always had a critical role in managing the chances of adverse outcomes on behalf of the public, relying on regulation to protect citizens from social, environmental, and economic risks. Being risk analysis a political as well as a scientific enterprise, the public perception of risk greatly affects risk management and assessment by public […]
In recent years AI has become one of the most powerful tools in data analysis. It is being used in more and more areas of life, thanks to its ability to analyse massive amounts of data and recognise patterns in them that would be impossible to notice for humans. However, it is starting to show […]
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