Behavioural Economics: Common Mistakes in Daily Decisions

Huffduffed by fulcleane on September 12th, 2010

Why do smart people make irrational decisions every day? Why do we repeatedly make the same mistakes when we make our selections? How do our expectations influence our actual opinions and decisions? The answers, as revealed by behavioural economist Professor Dan Ariely of MIT, will surprise you.

Dan Ariely is author of Predictably Irrational: The Hidden Forces that Shape our Decisions, (HarperCollins, £14.99). He is Alfred P. Sloan Professor of Behavioral Economics at MIT where he holds a joint appointment between MIT’s Program in Media Arts and Sciences and Sloan School of Management. He is the principal investigator of the Lab’s eRationality group and co-director of the Lab’s SIMPLICITY consortium. He is interested in issues of rationality, irrationality, decision-making, behavioral economics, and consumer welfare. Projects include examinations of online auction behaviors, personal health monitoring, the effects of different pricing mechanisms, and the development of systems to overcome day-to-day irrationality.

Ariely received a PhD in business administration from Duke University, a PhD and MA in cognitive psychology from the University of North Carolina at Chapel Hill, and a BA in psychology from Tel Aviv University.

http://www.lse.ac.uk/resources/podcasts/publicLecturesAndEvents.htm

download

Tagged with behaviour economics irrationality book:author=dan ariely book:title=predictably irrational

Also huffduffed as…

Possibly related…

Bear Right in a Bull Market | Skeptical Sunday 15 Sept 08
When we’re in love, we do some crazy things. And that’s OK. But when we merge lanes on the highway, sign up for a credit card, or just order a book, we’re as irrational as a teenager who’s got a crush.

Find out why we’re mad in money matters, why we’re suckers for designer aspirin, are willing to believe in the paranormal, and anything but logical in traffic. It’s Skeptical Sunday, but be rational - don’t take our word for it! Guests:
```
* Tom Vanderbilt - Author of Traffic: Why We Drive the Way We Do (and What it Says About Us)
* Dan Ariely - Professor of Behavioral Economics at Duke University, and author of Predictably Irrational: The Hidden Forces that Shape Our Decisions
* James Underdown - Executive Director of the Center for Inquiry, Los Angeles
* Phil Plait - Author of badastronomy.com
* Michael Shermer - Founder of "Skeptic Magazine" and author, most recently, of The Mind of the Market: Compassionate Apes, Competitive Humans, and Other Tales from Evolutionary Economics
```
http://podcast.seti.org/episodes/Skeptical_Sunday_Bear_Right_in_a_Bull_Market
download

Tagged with economics:topic=behavioral economics book:title=predictably irrational economics:economist=dan ariely

—Huffduffed by michele 4 years ago
Conversation with Dan Ariely, author and behaviorial economist

In this episode, Dane Stangler, a research manager at the Kauffman Foundation, talks with Dan Ariely, author and professor. They discussed Ariely’s perspective on behavior economics, which quantifies how people actually act in the marketplace, often very different than what conventional wisdom dictates. Ariely tells how irrational behavior can be both positive and negative. For example, when calorie counts are posted in fast food restaurants, consumers put all logic aside and ignore the numbers. On the plus side, Ariely says, our society benefits from entrepreneurship, even though the risks of starting a business would make it seem an irrational idea.

download

Tagged with behavioral economics

—Huffduffed by millerdl 2 years ago
Dan Ariely – Predictably Irrational

http://wishlistproducts.com/an-irrational-interview-with-dan-ariely-part-1/

download

—Huffduffed by hawbsl 2 years ago