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Long reads on how we actually think, decide and live.

Ideas

Why we keep score

Economists have a model. The rest of us have a Tuesday.

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Essays

A short history of the late fee

Economists have a model. The rest of us have a Tuesday.

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Psychology

The case against the late fee

Most advice assumes a person who never existed.

Pale pink blossom on thin branches in front of a raw concrete wall
Rationality

Fairness is a social bargain

The story we tell afterwards is tidier than the choice we made at the time.

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Economics

Reason is a reasonable kind of courage

The mind is built for a different world. It copes remarkably well with this one.

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Series

Fair enough

People will pay to punish unfairness. Markets have never quite accepted this.

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Behaviour

Luck is a borrowed bet on the future

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

Illustration of a bare tree over a faint grid, overlaid with rust-red, pale blue and black-spotted circles
Ideas

The loyalty of the weather forecast

The mind is built for a different world. It copes remarkably well with this one.

Illustration of a head in profile facing two overlapping rust-red circles and a cluster of thin vertical lines
Essays

Generosity is a public act of faith

Most advice assumes a person who never existed.

Pale pink blossom on thin branches in front of a raw concrete wall
Psychology

Doubt is a slow habit

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

People crossing a sunlit concrete hall
Series

The weight of a debt

Owing money changes how people think, and not only about money.

A lone figure climbing a pale stone staircase towards an arched window filled with light
Rationality

The envy of the polite refusal

The evidence is clear, the incentives are not, and the incentives usually win.

A lone figure climbing a pale stone staircase towards an arched window filled with light

Ideas worth reading. Every week.

Essays, data and ideas on economics, rationality and why we do what we do.

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