Gamification and Simple Measures for Complex Things
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Post No.: 0197   Furrywisepuppy says:   ‘Gamification’ is the application of game design elements and principles – such as points, badges and leaderboards – in non-traditional game contexts (e.g. to encourage individuals to be more physically active or engaged … Read More

Some Irrationalities We Exhibit When it Comes to Money
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Post No.: 0163   Furrywisepuppy says:   The following is a selection of some of the peculiar irrationalities we exhibit when it comes to money. You might say it continues on from Post No.: 0020 about how people sometimes behave … Read More

The Anchoring Effect on Prices and Other Numbers
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Post No.: 0144   Furrywisepuppy says:   Any number that you are asked or primed (either manipulatively by another party or unwittingly by yourself or anyone, and either consciously or unconsciously) to consider as a possible solution to an estimation … Read More

Fairness and the Principle of the Divided Cloth
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Post No.: 0133   Furrywisepuppy says:   This post requires understanding what a ‘pie’ means in negotiation contexts, which has been explained in Post No.: 0124.   If one creditor is owed £300 and another creditor is owed £100, but … Read More

Splitting the ‘Pie’ in Negotiations
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Post No.: 0124   Furrywisepuppy says:   In scenarios involving only two parties (as an example) – the ‘pie’ in negotiation contexts is the net combined benefit arising from the two parties reaching an agreement together, minus party A’s net … Read More

The Best Cons are the Ones You’re Happy to Go Along With
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Post No.: 0107   Furrywisepuppy says:   Most of us are generally unaware of what techniques and tricks are influencing us as consumers, leading to behaviours like buying frenzies during sales, cult-like followings towards certain brands, people purchasing things they … Read More

Expected Value, Opportunity Costs and Sunk Costs
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Post No.: 0065   Furrywisepuppy says:   If you prefer x to y, then you should also prefer a z% chance to win x to a z% chance to win y. We can calculate the ‘expected value’ or ‘expected utility’ … Read More

Knowledge Can Save You a Lot of Money
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Post No.: 0036   Fluffystealthkitten says:   If you don’t have the faintest idea how something is made or what really goes into making and marketing it then you can end up paying way over the odds when you come … Read More

It’s Not Free if You Must Give Anything to Get Any Part of It
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Post No.: 0020   Furrywisepuppy says:   The word ‘free’ seems to have a very special attractive meaning to people when they see it. We should really value the cost as €0 (or whatever currency) rather than nothing because not … Read More

If You Don’t Ask Then You Won’t Get
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Post No.: 0011   Furrywisepuppy says:   $1 saved is rationally just as valuable as $1 earned. But for most people it’s far faster to save money when trying to purchase something (or often to challenge for a refund or … Read More

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