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Predictably Irrational: The Hidden Forces That Shape Our Decisions

✍ Scribed by Dan Ariely


Publisher
HarperCollins
Year
2008
Tongue
English
Leaves
304
Category
Library

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✦ Synopsis


Why do our headaches persist after taking a one-cent aspirin but disappear when we take a 50-cent aspirin?Why does recalling the Ten Commandments reduce our tendency to lie, even when we couldnt possibly be caught?Why do we splurge on a lavish meal but cut coupons to save twenty-five cents on a can of soup?Why do we go back for second helpings at the unlimited buffet, even when our stomachs are already full?And how did we ever start spending $4.15 on a cup of coffee when, just a few years ago, we used to pay less than a dollar?When it comes to making decisions in our lives, we think were in control. We think were making smart, rational choices. But are we?In a series of illuminating, often surprising experiments, MIT behavioral economist Dan Ariely refutes the common assumption that we behave in fundamentally rational ways. Blending everyday experience with groundbreaking research, Ariely explains how expectations, emotions, social norms, and other invisible, seemingly illogical forces skew our reasoning abilities.Not only do we make astonishingly simple mistakes every day, but we make the sametypes of mistakes, Ariely discovers. We consistently overpay, underestimate, and procrastinate. We fail to understand the profound effects of our emotions on what we want, and we overvalue what we already own. Yet these misguided behaviors are neither random nor senseless. Theyre systematic and predictableβ€”making uspredictably irrational.From drinking coffee to losing weight, from buying a car to choosing a romantic partner, Ariely explains how to break through these systematic patterns of thought to make better decisions.Predictably Irrational will change the way we interact with the worldβ€”one small decision at a time.


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Predictably Irrational: The Hidden Force
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I do have to say that the first chapter is absolutely brilliant. However, the rest of the book is complete garbage. Stating obvious facts that even a five year old knows is not good enough to call it a book. For example, this book dedicates a whole chapter based on a social experiment to "prove" tha

Predictably Irrational: The Hidden Force
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The author presents some new insights that can help one gain a deeper understanding of irrational behavior in daily life. A key concept is that of relativity. Most human decisions are based on comparisons, and different conclusions are arrived at depending on what we choose to compare to. What if

Predictably Irrational: The Hidden Force
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Why do smart people make irrational decisions every day? The answers will surprise you. Predictably Irrational is an intriguing, witty and utterly original look at why we all make illogical decisions. Why can a 50p aspirin do what a 5p aspirin can't? If an item is "free" it must be a bargain, right

Predictably Irrational: The Hidden Force
✍ Dan Ariely πŸ“‚ Library πŸ“… 2008 🌐 English

Why do smart people make irrational decisions every day? The answers will surprise you. Predictably Irrational is an intriguing, witty and utterly original look at why we all make illogical decisions. Why can a 50p aspirin do what a 5p aspirin can't? If an item is "free" it must be a bargain, right

Predictably Irrational: The Hidden Force
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From Publishers Weekly Irrational behavior is a part of human nature, but as MIT professor Ariely has discovered in 20 years of researching behavioral economics, people tend to behave irrationally in a predictable fashion. Drawing on psychology and economics, behavioral economics can show us why c

Predictably irrational: the hidden force
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How an injury led me to irrationality and to the research described here -- The truth about relativity : why everything is relative, even when it shouldn't be -- The fallacy of supply and demand : why the price of pearls, and everything else, is up in the air -- The cost of zero cost : why we often