The Upside of Irrationality: The Unexpected Benefits of Defying Logic is a book published in by behavioral economist Dan Ariely. This is Ariely’s second. Dan Ariely is a genius at understanding human behavior: no economist does a better job of uncovering and explaining the hidden reasons for the weird ways. This enhanced e-book of The Upside of Irrationality contains more than 50 minutes of video. Each chapter includes a video summary from the author as he explo.
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The simple answer is Rational Economics.
My residual impression from the earlier ariiely was of a smart, likable guy, with a knack for designing clever experiments to capture the irrational side of human behavior, particularly when making decisions with economic consequences. For the people, who saw their ‘creation’ being demolished right in front of them, they found it difficult to go on with work even though they were being paid.
Ariely writes about behavioral economics: We need to see results for there to be meaning and global warming, AIDS in Africa and the rest are just too huge and our efforts too tiny in comparison. People tend to connect best when they’re dna experiences rather than just talking about themselves.
The Upside of Irrationality: The Unexpected Benefits of Defying Logic at Work and at Home
The most egregious padding is Ariely’s inclusion of what seems like an endless stream of personal anecdotes from his own life, a feature that severely tests the reader’s patience and is an implicit acknowledgement that this is a book based primarily on anecdotal evidence, rather than thr science. In this book, Dan Ariely, I feel, starts off where he left off previously.
Find it on Scholar. Big Bonuses don’t work. When confronted with choices they always decide on the one that best meets their needs.
I feel Dan has the rare gift to take a complex subject and present it in easy to understand concepts – effective in terms of understanding and retention. The author also opens up about his experience through a terrible accident and how he recovered. So can this hypothesis be sufficient to make a global theory?
Time to rebrand, perhaps? How the Relentless Promotion of Positive Thinking Has Undermined America where Barbara is at a conference of those who would san us wear badges with smiley-faces stuck in our lapels were they discussed if ‘Positive Thinking’ might not be a brand that has a bit of a smell about it. This entry has no external links. Hardcoverpages.
Behavioural Economics has become very popular. Given the strength of Ariely’s first book, and the relatively short interval since its publication, it would be truly surprising if this second book reached the same high standard.
Aug 05, Lester rated it liked it.
Both paraplegics and lottery winners tend to revert to a baseline happiness after a while. Using the first origami auction, he clearly shows that upsire valued their creations more than the passersby, but admittedly, not what caused the disparity in the evaluations. Assortative mating is a skill we use to whittle down prospective mates. In short, everything we do is not as logical as it may seem to us.
The Upside of Irrationality – Wikipedia
The main target of the book is,of course,debunking rational-choice-models of standard economics which assumes that human beings always understand their needs and wants. Using Legos, he has his candidates build a toy with the understanding the toys will be dismantled.
He believes this is the reason he chose the scholarly route. So he teaches his classes at Duke University, probably wearing his tweed jacket with patches on the elbows, has an idea, presents it to whoever pays for it, writes his hypotheses, makes up a questionnaire, then lures unsuspecting citizens into his lair for experimentation.
Do people satisfy the Dan Ariely has divided the books into two broad parts: Quotes from The Upside of Irr To that effect, he then went on to the second origami auction, which showed that non-creators valued professional-looking origami at levels similar to creators valuing their own creations, and much higher than non-creators valuing those amateur creations. Rational Economics also confounds motivation with incentives. This raises an issue of applicability in a bigger business setting.
There is a lovely bit in Bright-sided: How much bonus should be paid to employees performing physical work and mental work? He also discusses how our emotions affect our decisions, and how these decisions can impact us long after the emotion has faded away.
In his groundbreaking book Predictably Irrationalsocial scientist Dan Ariely revealed the multiple biases that lead us into making unwise decisions.