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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 couldn't 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 we're in control. We think we're 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 same types 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. They're systematic and predictable making us predictably 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 world one small decision at a time.
This book investigates the core question of why human beings consistently make irrational decisions despite the common assumption that we act in our own best interests. MIT behavioral economist Dan Ariely draws upon his extensive academic background and a series of controlled experiments to challenge the traditional economic model of the rational agent. By analyzing everyday behaviors—from purchasing habits to social interactions—he demonstrates that our choices are influenced by systematic, predictable, and often invisible psychological forces. The work argues that by understanding these patterns, individuals can mitigate their cognitive biases and improve their decision-making processes.
What You Will Find
This text is widely regarded as a foundational and accessible entry point into the field of behavioral economics for a general audience. The author's ability to translate complex academic research into relatable, real-world examples makes the material highly effective for readers seeking to understand their own cognitive limitations.
Page Count:
352
Publication Date:
2008-02-19
Publisher:
Thorsons
ISBN-10:
0007256531
ISBN-13:
9780007256532