Tag: self help tips
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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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The need of a GRATITUDE VISIT
Need to express Gratitude When I look back and reflect I feel I can be more grateful. There is a burning need to take a gratitude visit in order to remain happy. “Expressing Gratitude pleases the Recipient of the praise, of course, but it can also have a BOOMERANG effect, ELEVATING the spirits of the…
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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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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.
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Our BRAIN’s LOVE for RELATIVITY.
Our brain’s love for relativity
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Anchor Effect and its relation to Decision making.
Anchor effect and relation to decision making