Latest Insights
Rationality and Affective Biases. Do You Know What They Are?
A common interpretation in behavioural finance is that rationality is the result of a pure cognitive process which can be behaviourally biased. While cognitive biases are influences that affect rationality from within the cognitive system, affective biases refer to those influences that affect the cognitive system from outside. Unfortunately, the assumption that rationality is a pure cognitive process is not well motivated. Rationality results from the intrinsic interaction between cognition and emotions.
Turning Luxury Shoppers into Luxury Buyers
Image Credit: Gary Knight (Bond Street in London) A [...]
Misbehaving at the LSE: Richard Thaler and Paul Dolan
Richard Thaler amused as much as informed, as he surveyed the intellectual battles behavioural economists have fought, in a talk at the LSE.
Machine Nudging
On the train from London to Brussels, the passenger sitting [...]
Why Financial Education Needs a Primer in Behavioral Science
Many people are struggling financially. Figures from the Money Advice [...]