Rent Control: Housing populism meets economic reality

With rent prices increasing far faster than wages, the problem of affordable housing in many Western countries is at its highest level in years. Combined with a failure of low priced social housing to keep up with rising demand, it is not surprising that affordable living has become one of the most important voter issues to urban dwellers. One “solution” to this growing problem that … Continue reading Rent Control: Housing populism meets economic reality

Nudge spelled out from dice with letters on

Nudges: Will they work forever?

As has been well-documented in academic research, people are by no means rational. In their book ‘Nudges’, Thaler and Sunstein famously describe two types of thinking: system 1 and system 2. The former is a more automatic method involving quick judgement calls which are more prone to irrationality, while the latter is much more deliberate, and less prone to external influences. From the moment we … Continue reading Nudges: Will they work forever?