Lately, every purchase feels a bit heavier than it should. You’re not buying much more than usual, but your bank balance seems to disappear faster. Maybe you’ve cut back on takeout, or started hesitating before grabbing your favorite snack, and yet things still don’t add up. That’s the strange part about inflation: inflation doesn’t just […]
Tag: decision-making
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Biases in your career choice
From choosing your classes in high school, to doing an internship or choosing your degree and college and eventually choosing your job, the career choice process takes time and reflection. As with any decision-making process, we must acknowledge that there are several cognitive biases surrounding it. But is there really a personal decision more important […]
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Your BE guide to Online Dating
In the 21st century, the chances of encountering fairy-tale romances are rare. That cute guy or girl you locked eyes with at the bar the other day fades into a distant memory as we become less likely to initiate contact with strangers. This attitude can be explained through understanding the conduct of the conscious brain. […]
(Originally published in Slovak at mindworx.net) Most of us probably believe that we are in control of our own decisions. We have our opinions, beliefs and principles, we know what we like and dislike and we always decide in accordance with our preferences. However, this is not entirely true. Our brain reacts to all kinds […]
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Through the psychology of poverty
What explains the differences in economic decisions amongst poor and rich individuals? In 2014 Johannes Haushofer and Ernst Fehr, professors at Princeton and Zurich University, respectively, have written the article “On the Psychology of Poverty” for the Science magazine (original version here). They show evidence that poverty causes psychological consequences such as negative affectivity and […]
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