Predictably Irrational: Why Smart People Make Surprisingly Bad Decisions
From Deep Dives with Ravi · 43:40
Show by Ravi Jayagopal
Dan Ariely's Predictably Irrational: why smart people make surprisingly bad decisions, and why those mistakes are predictable. The Economist decoy experiment, the strange power of free, anchoring, social norms vs market norms, procrastination and present bias, the endowment effect, the cost of keeping options open, expectations, the price of a pill, and dishonesty — each idea examined alongside the question of whether the research has held up, including the failed Ten Commandments replication and the retracted honesty paper. Ends with five questions to ask before your next big decision. AI Generated
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