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Who decides what’s the New Normal?

Who decides what’s the New Normal?

What will our new normal look like? As we adjust to a world containing Covid19, there are many ideas about what’s going to be different and what will stay the same. We experience whatever we’ve always called ‘normal’ as the flow of millions of interpersonal exchanges. Pre-Covid, life, more or less, went on. Then suddenly with the pandemic a significant…

Why you are losing out by irrational risk-aversion

Why you are losing out by irrational risk-aversion

We all love behavioural economics, right? With their clever psychological experiments, counterintuitive insights and wonderful nudges, they throw fresh revelatory light onto our thinking and behaviour. Take for instance risk-aversion. The key insight in several of the books I’ve been perusing is that we tend to be risk-averse for gains…