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Introduction: 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 Pay Too Much When We Pay Nothing The Cost of Social Norms: Why We Are Happy to Do Things, but Not When We Are Paid to Do Them The Influence of Arousal: Why Hot Is Much Hotter Than We Realize The Problem of Procrastination and Self-Control: Why We Can't Make Ourselves Do What We Want to Do The High Price of Ownership: Why We Overvalue What We Have Keeping Doors Open: Why Options Distract Us from Our Main Objective The Effect of Expectations: Why the Mind Gets What It Expects The Power of Price: Why a 50-Cent Aspirin Can Do What a Penny Aspirin Can't The Context of Our Character, Part I: Why We Are Dishonest, and What We Can Do about It The Context of Our Character, Part II: Why Dealing with Cash Makes Us More Honest Beer and Free Lunches: What Is Behavioral Economics, and Where Are the Free Lunches? Thanks List of Collaborators Notes Bibliography and Additional Readings Index |
Dan Ariely
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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. |