This is when money used as motivator acts as a DOUBLE EDGED sword

Adopted from the following great insight shared by Dan Ariely from his book Predictably Irrational “Using money to motivate people can be a double-edged sword. For tasks that require cognitive ability, low to moderate performance-based incentives can help. But when the incentive level is very high, it can command too much attention and thereby distractContinue reading “This is when money used as motivator acts as a DOUBLE EDGED sword”

The problem with “relativity” in decision making

Adopted from the following great insight shared by Dan Ariely from the book Predictably Irrational “This is the problem of relativity-we look at our decisions in a relative way and compare them locally to the available alternative.”

This is what is wrong with the human VALUE METER

Adopted from the following great insight shared by Dan Ariely from the book Predictably Irrational “Humans rarely choose things in absolute terms. We don’t have an internal value meter that tells us how much things are worth. Rather, we focus on the relative advantage of one thing over another, and estimate value accordingly.”

This is when economics would have made more sense

Adopted from the following great insight shared by Dan Ariely from the book Predictably Irrational “Wouldn’t economics make a lot more sense if it were based on how people actually behave, instead of how they should behave?”

This is what PLACEBO solutions convey about the human mind

Adopted from the following great insight shared by Dan Ariely from the book Predictably Irrational “When people think about a placebo such as the royal touch, they usually dismiss it as “just psychology.” But, there is nothing “just” about the power of a placebo, and in reality it represents the amazing way our mind controlsContinue reading “This is what PLACEBO solutions convey about the human mind”

This is why we should not miss out on these two goals

Adopted from the following great insight shared by Dan Ariely from the book Predictably Irrational “Resisting temptation and instilling self-control are general human goals, and repeatedly failing to achieve them is a source of much of our misery.”

Learn to break the CYCLE of RELATIVITY, this is why

Adopted from the following great insight shared by Dan Ariely from the book Predictably Irrational “The more we have, the more we want. And the only cure is to break the cycle of relativity.”

This explains the irrational working of human brain

Adopted from the following great insight shared by Dan Ariely from the book Predictably Irrational “People are willing to work free, and they are willing to work for a reasonable wage; but offer them just a small payment and they will walk away.”

This is when we procrastinate

Adopted from the following great insight shared by Dan Ariely from the book Predictably Irrational “Giving up on our long-term goals for immediate gratification, my friends, is procrastination.”

This is why MONEY and MOTIVATION do not necessarily go hand in hand

Adopted from the following great saying of Dan Ariely from his book Predictably Irrational.. “To summarize, using money to motivate people can be a double-edged sword. For tasks that require cognitive ability, low to moderate performance-based incentives can help. But when the incentive level is very high, it can command too much attention and therebyContinue reading “This is why MONEY and MOTIVATION do not necessarily go hand in hand”