Pile On Motivation

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Tag: Dan Ariely

  • This is a big lesson learnt from behavioral economics

    Adopted from the following saying of Dan Ariely from his book Predictably Irrational..

    One of the big lessons from behavioral economics is that we make decisions as a function of the environment that we’re in.

  • How can SELF REFLECTION help us SELF CORRECT?

    This saying from Dan Ariely in his book Predictably Irrational, inspires us on the need of self reflection to self correct.

    “With everything you do, in fact, you should train yourself to question your repeated behaviors.”

  • This quote shows how the emotional human brain dominates the rational brain

    Adopted from the following great saying of Dan Ariely from Predictably Irrational , shows the power of the limbic human brain over the rational brain while making such irrational choices..

    “We are all far less rational in our decision-making than standard economic theory assumes. Our irrational behaviors are neither random nor senseless: they are systematic and predictable. We all make the same types of mistakes over and over, because of the basic wiring of our brains.”

     

  • This quote explains the danger of “Expecting Nothing”

    Adopted from the following great quote of Dan Ariely , book name Predictably Irrational..

    “The danger of expecting nothing is that, in the end, it might be all we’ll get.”

  • This quote explains why Motivation 3.0 is so relevant in the modern era

    Motivation 3.0  a term coined by Daniel Pink in his book Drive , is based on intrinsic motivation..

    This motivational technique is based on rewarding our natural instinct of engagement rather than expecting compliance..

    The same has been endorsed by Dan Ariely in his book Predictably Irrational..The following quote related to the same has been adopted from the same book.

    “Wouldn’t economics make a lot more sense if it were based on how people actually behave, instead of how they should behave?”

  • This quote explains the prominence of Open Source Community

    Dan Pink in his book Drive mentions about the fact that Motivation 3.0 is based on intrinsic motivation..

    This explains the reason why in the age of knowledge worker more and more people are willing to work towards a cause without being solely motivated by money..

    The same has been endorsed by Dan Ariely in his book Predictably Irrational as confirmed by the following quote..

    “There are many examples to show that people will work more for a cause than for cash.”

  • This quote reiterates the fact that money cannot buy true will

    Adopted from the following quote of Dan Ariely , book name Predictably Irrational….

    “MONEY, AS IT turns out, is very often the most expensive way to motivate people. Social norms are not only cheaper, but often more effective as well.”

    The same has been highlighted in details by Simon Sinek in his book The Infinite Game

  • This quote conveys the negative effects of extrinsic rewards

    Adopted from the following quote of Dan Ariely from Predictably Irrational..

    This quote highlights the fact that beyond a threshold , extrinsic rewards can cause detrimental effects..

    “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.”

    The same has been mentioned in details by Daniel Pink in his book Drive

  • “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.

  • Some key takeaways from Predictably Irrational

    Dan Ariely’s Predictably Irrational is a true masterclass and shown below are some of the key takeaways from Predictably Irrational.

    1. Decoy effect – Introducing a –VE of something , as a decoy , can influence choice/human behavior  when that something is pitched against some other option.
    2. Anchor effect – First impression is always the best impression , and can influence all our decisions relative to that impression.
    3. Gravitational pull of FREE – We agree with it or not , all humans have a natural inclination towards something offered for FREE even though that product/service being offered is not something that we desire.