Tag: dan ariely insights
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Two Reasons why Placebo works
Reasons behind the working of a placebo There are two reasons why placebo works. This has been wonderfully explained by Dan Ariely in his book Predictably Irrational. This insights captures the two reasons.
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Irrationality around Lower Quality due to Discounted Prices
Do you think discounted prices means lower quality? The irrationality around experiencing lower quality due to discounted prices has been captured in this insight, inspired from Predictably Irrational.
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The SCIENCE behind WORKING of a PLACEBO
Why does a Placebo work? The science behind the working of a placebo has been wonderfully illustrated by Dan Ariely in his book Predictably Irrational. The insight inspired from this book has been mentioned below
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Why NOT apply MARKET NORMS to SOCIAL EXCHANGES?
Market Norms in Social Exchanges cause Irreparable damage We should refrain from applying market norms to social exchanges since they can lead to irreparable damage.Dan Ariely illustrates this in a very crisp manner in his book Predictably Irrational that shows why not to apply market norms to social exchanges. Illustrated below is the reason why…
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Best definition of Procrastination
How do you define Procrastination? Dan Ariely defines procrastination in a very subtle and crisp manner in his book Predictably Irrational. The best definition of procrastination has been captured in the following insight.
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How SELF HERDING makes us IRRATIONAL?
Understanding the phenomenon of Self Herding Self Herding is a phenomenon that makes us innately irrational. The insight below illustrates this phenomenon and the irrationality around the same.
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TWO FLAWS in TRADITIONAL ECONOMIC theory.
Understand the flaws in traditional economic theory Traditional economic theory assumes that a human being is rational. The human irrationality exposes the major flaws in the traditional economic theory.
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Biggest difference between Standard and Behavioral Economics.
Standard versus Behavioral Economics Human irrationality is the myth that is exploded by behavioral economics which makes it different. Please see below the insight calling out this difference.
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What is meant by WARDROBING?
Understanding about Wardrobing Please read the insight below to understand what is meant by the term Wardrobing. Thought unethical and irrational this is done by many rational human beings.
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Harmful Effects of being lured by the Gravitational Pull of Free
Gravitational Pull of free – harmful effects The harmful effects of being lured by the gravitational pull of free have been highlighted below from Predictably Irrational.