Category Behavioural Economics

Are multi-buy discount bans paternalistic?

In recent months, both the central UK Government at Westminster, and the Scottish Government have released strategic plans for addressing obesity. In both cases, among the measures being considered is a ban on multi-buy discounts for unhealthy foods and drinks, such as  confectionery, crisps, cakes and sugary sodas. This would outlaw price promotions that offer […]

Is supporting a football team irrational?

Anyone who has really, passionately followed a sports team must at some point wondered whether it is worth it: all the heartbreak, disappointment and frustration. Take Arsenal Fan TV: does it look like a bunch of people having a good time, or just making themselves miserable for no good reason? A fascinating new paper by […]

In praise of Britain’s tax system

A thought occurred to me listening to the discussion of value added tax on Vox’s the Weeds podcast this week: how lucky I am that I have to spend so little time thinking about paying tax. I’m not poor or financially insecure enough to have to scrutinise each pay slip and watch the money into […]

Save the price tag!

Among the innumerable ways in which life has got better for those of us living in rich countries over the past 200 years, one of the most easily overlooked is the price tag. In the early 19th Century, almost every purchase involved a process of haggling – very few goods or services had set prices. […]