• Rational economists?

    Rational economists?

    An economist and his friend are walking down the street when the friend sees a ten dollar bill on the sidewalk. “Look,” he says, “it’s a ten dollar bill”. “Nonsense,” says the economist. “If that was a ten dollar bill, someone would have picked it up by now.”
  • Is Greece the canary in the Euro coal mine?

    Is Greece the canary in the Euro coal mine?

    10 thoughts on ‪#‎greece‬ and ‪#‎grexit‬
  • The Psychology of Money

    The Psychology of Money

    I have yet to meet someone who can rotate their right foot in a clockwise direction and simultaneously draw a large ‘6’ in the air with their right index finger.
  • The Halo Effect and the Myth of Best Practices

    The Halo Effect and the Myth of Best Practices

    There’s a joke that if you read just two books, What They Don't Teach You At Harvard Business School and What They Teach You at Harvard Business School you must, by definition, have read the sum total of all human knowledge.
  • Never Mind the πολυμαθής

    Never Mind the πολυμαθής

    This month I launched this, my first website, and it was a great experience to create it from scratch. I confess I didn’t do the ‘technical’ bit, preferring to stick to ideas, layout and content, and the whole process was hugely beneficial, for me at least, in crystallising my thoughts …
  • How to peel a banana

    How to peel a banana

    10 million monkeys can't be wrong!
  • Seven Biases for Seven Goals

    Seven Biases for Seven Goals

    Nowhere are mental shortcuts more evident than in people’s attitude towards wealth, savings and investment. This article highlights seven common cognitive biases.
  • Confirmation Bias: investors should beware the sound of silence

    Confirmation Bias: investors should beware the sound of silence

    When Paul Simon wrote in The Boxer "Still the man hears what he wants to hear and disregards the rest", he may not have been attempting profound economic analysis.
  • Pete Seeger’s lessons on the fallacy of sunk costs

    Pete Seeger’s lessons on the fallacy of sunk costs

    One tweet mourning the passing of singer Pete Seeger last month advised that we listen to one of Seeger’s tracks called Waist Deep in the Big Muddy – described as the “best song about the sunk cost fallacy."
  • Mis(Be)havioural Economics

    Mis(Be)havioural Economics

    In countries where one has to “opt-in” to become an organ donor, there is a shortage of donors; in Germany, for example, the organ donation consent rate is a mere 12%.
  • TEDx talk on Behavioural Economics – “Minds, Markets and Magic”

    TEDx talk on Behavioural Economics – “Minds, Markets and Magic”

    A shorter version of the sort of speech that I have given at many individual conferences and to individual pension schemes.