Prominence of Price People’s awareness of what products cost has been facing a decline. De Chernatony and Knox (1992) showed that consumers were much more accurate in recalling prices in 1958 than consumers in 1984, by doing a meta-analysis of … Continue reading Price recall
The power of negative thinking: why perceptions of immigration are resistant to facts The recent report from the Migration Advisory Committee confirms what all main research studies on the subject have consistently shown: the economic impacts of EU migration in … Continue reading Attitudes resistant to change
What Are We Like? 10 Psychology Findings That Reveal The Worst Of Human Nature It’s a question that’s reverberated through the ages – are we humans, though imperfect, essentially kind, sensible, good-natured creatures? Or deep down are we wired to … Continue reading Are we doomed?
Why Our Beliefs Don’t Predict Much About the Economy The more we learn about how people really think, the more we must rethink economic theory. Changes in fundamental beliefs play a major role in the fluctuations of the economy. That’s … Continue reading Diagnostic beliefs
“My-side bias” makes it difficult for us to see the logic in arguments we disagree with In what feels like an increasingly polarised world, trying to convince the “other side” to see things differently often feels futile. Psychology has done … Continue reading Opinions as facts
Rural Voters Remain Reluctant to Vote for Female Candidates So you’re marking your mid-term election ballot, and you get all the way down to candidates for the state legislature. The names—Ted Smith and Mary Watson—mean nothing to you. How do … Continue reading Gender and voting behavior
Economics and the Honor System There is a farm in Nantucket with hundreds of chickens, cucumbers, squash, and other produce. When I needed eggs, I could ask the farmer to walk among the chickens (who were nearby) and collect a … Continue reading The impact of the honor system