Why Trust Matters

The history of civilisation is really the story of how we leaned to trust. In this blog Ben Ho considers research showing how fear brings people together and builds trust of outsiders. Through experiments in South Korea during the Covid pandemic it was possible to record feelings of fear and acceptance of outsiders. Those with the most fear recorded the highest increases in trust. How we respond to fear can give us hope for the future. … More Why Trust Matters

Pandemic Optimism: Realistic v Hopeful

Optimism encompasses a ‘positive anchoring’ in risk decision making. This can be a coping mechanism to overcome the anxiety of risk in a pandemic. However, this is only true when people adopt a form of ‘realistic optimism’, which should be distinguished from ‘hopeful optimism’. Behavioural interventions can play a role in building realistic optimism in people before they are hit by a pandemic. … More Pandemic Optimism: Realistic v Hopeful

Has Behavioural Economics made Economics less insular?

Economics is often described as insular from other social sciences. Alexandre Truc shares the results of research mapping thee content of more than 5000 articles and their references. The research reveals fascinating trends and differences between the various clusters of behavioural economic research. This includes a shift towards greater diversity of disciplines involved in behavioural economics, and thus a relative decline in the role for psychology. Nevertheless, the research shows that the rise of behavioural economics has served more generally as a bridge for the psychology into economics. … More Has Behavioural Economics made Economics less insular?