“Predictably Irrational” by Dan Ariely – Some irrational habits

Lot of food for thought after having read this wonderful book.

A look at some of our irrational habits – 

  1. Seller always values his possessions much higher than the buyer anticipates
  2. A high priced items always seems more lucrative to solve a problem than a similar but discounted item e.g. medicines.
  3. Having too many choices makes us indecisive and more prone to making wrong choices.