Long reads on how we actually think, decide and live.
Essays, data and ideas on economics, rationality and why we do what we do.
No spam. Just thoughtful ideas.
Before we try to fix people, it is worth understanding what they are for.
Not every irrational act is a mistake. Some are the point.
The mind is built for a different world. It copes remarkably well with this one.
It looks like a flaw in the person. Mostly it is a feature of the situation.
A small decision, repeated daily, is a life. Nobody designs it that way.
We are far better at explaining our choices than at making them.
People will pay to punish unfairness. Markets have never quite accepted this.
Most advice assumes a person who never existed.
The evidence is clear, the incentives are not, and the incentives usually win.