Adopted from the following great insight shared by Dan Ariely from his book Predictably Irrational
“This result suggests that cheating is not driven by concerns about standing out. Rather, it shows that our sense of our own morality is connected to the amount of cheating we feel comfortable with. Essentially, we cheat up to the level that allows us to retain our self-image as reasonably honest individuals.”
Adopted from the following great insight shared by Dan Ariely from his book Predictably Irrational
“Honesty and dishonesty are based on a mixture of two very different types of motivation. On the one hand, we want to benefit from cheating (this is the rational economic motivation), while on the other, we want to be able to view ourselves as wonderful human beings (this is the psychological motivation).”
Adopted from the following great insight shared by Dan Ariely from his book Predictably Irrational
“It is very difficult to make really big, important, life-changing decisions because we are all susceptible to a formidable array of decision biases. There are more of them
than we realize, and they come to visit us more often than we like to admit.”
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 distract the person’s mind with thoughts about the reward. This can create stress and ultimately reduce the level of performance.”
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.”
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.”
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?”
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 controls our body.”
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.”
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.”