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Psychology

What gossip teaches us about risk

We are far better at explaining our choices than at making them.

People crossing a sunlit concrete hall
Morning light in a concrete hall, Lisbon. Photograph: The Unreasonable Human

None of this is new. Adam Smith noticed most of it, and then the profession spent two centuries forgetting. There is a version of this essay that ends with a policy prescription. This is not that version; the mechanism is interesting enough on its own. The lesson is modest. Build for the person who exists, not the one in the model. The textbook treats boredom as a preference to be revealed. In practice it is a story we tell ourselves after the fact.

A better question

Nobody sets out to be governed by the free sample, yet it shapes an astonishing share of the ordinary day. There is a version of this essay that ends with a policy prescription. This is not that version; the mechanism is interesting enough on its own. In the studies we have, the effect is modest, reliable and almost entirely ignored by the people it describes. A better account of boredom would begin with the ordinary case rather than the laboratory one.

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Alina Petrova
Alina Petrova — Editor-in-chief

Alina Petrova is a Year 12 student preparing to apply to university, and the founder and editor of The Unreasonable Human. She reads across psychology, economics, behavioural science and neuroscience, and writes about the gap between how people are supposed to decide and how they actually do.

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