Avoiding the loss
Behavioural economics and populist politics
Some economic principles and models are rather limited to an ideal world - but some others are a great source of explanation for real life developments.
Part of the latter category is what academics Kahneman, Knetsch, and Thaler described as the "Endowment Effect, Loss Aversion, and Status Quo Bias" in a paper published in . . .
Train your brain
Visualization to enhance performance
I was introduced to visualization as a tool to improve as an athlete more than 10 years ago. Since then, it has served me not only in sports, but also in my personal and professional life.
Visualization, or nowadays more often called imagery, is the practice of repeatedly imaging an activity without actually engaging in it. . . .
A Leader? Please!
Be careful what you wish for
High on his horse he stands in front of his soldiers. Leading the way for his army to conquer the world and bring France to glory. His people cheering for him in the streets of Paris, praising him for his heroic accomplishments.
Yes, Napoleon was a great leader. The kind we would want to have more of. The kind that knows what . . .
Democracy ...
A single label for many forms of power
Over the past weeks I talked to Kenyan's a lot about politics. What I saw was an incredible interest shown by everyone I talked to, from the cab driver to the manager. But also a certain acceptance, that there is an elite in power and people on the sidelines.
Experiencing a new culture is always a fascinating journey. . . .
Clean energy is not enough
The interconnection of water, energy, and food
Solar Impulse just successfully completed their journey around the world in an airplane that's only fuelled by the power of the sun. This is an absolutely fantastic achievement and I'm am convinced we will think about these guys 10 or 20 years down the road when we see the world running on more clean energy (and may be fly in electric . . .
How do we want to be measured?
In recent write-ups I addressed the topic of measuring economic output as well as the need of measurement for balancing systems and achieving "sustainability".
It seems the political and academic discourse slowly but surely gets comfortable with the notion of replacing, or at least complementing GDP as the magic figure of . . .
Giving people a voice
The European Union learned lessons from Brexit, but it's unclear whether they're the right ones.
Trade deals are always a controversial topic. From an economic perspective there is little doubt that free trade benefits growth and development. When it comes to personal implications, the story is a different one. Giving other . . .
