Dan Ariely

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MASS PSYCHOSIS: How An Entire Population Becomes Stupid & How To Get Ahead Of Everyone | Dan Ariely

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Kickstart Your Business bit.ly/47zzNi5 Reclaim Control of Your Life Today: 🤍 This episode is sponsored by Kajabi. Right now, Kajabi is offering a 30-day free trial to start your own business if you go to 🤍 Today, I’m unpacking the complexity of human rationale and the lack of it as we encounter more global conflicts and people are seemingly losing their minds. The buffet of misinformation which my guest today calls “corrosive” information is highly triggering one-sided social media arguments taken as truth based on number of likes and shares, and biased news outlets that exist to turn profits pushing watered down information in the new era of headline consumption. Mis-information overload is quite literally rotting the brains of people around the world at alarming rates. By the end of this two part episode, - Avoid irrational traps we are calling the funnel of misbelief, - Understand how to escape corrosive-information and seek objective truth - Choose a northstar with flexibility that allows you to prioritize fulfillment This episode is about no longer allowing your emotions to be hijacked without your knowledge, and understanding exactly how they’ve been leveraged against you to form beliefs that need to be questioned. Dan Ariely, not only challenges the status quo with his groundbreaking research into human irrationality at Duke University, he also confronts the mass psychosis and misinformation epidemic, using his profound understanding of behavioral economics and personal experiences to shed light on our predictably irrational patterns of thought. Check out Dan’s latest book, Misbelief, What Makes Rational People Believe Irrational Things: 🤍 Chapter Markers: [00:30] The Problem With Corrosive Information [14:28] The Nature of Emotional Decision Making [34:00] Stress In The Funnel of Misbelief [44:37] Your Psychology Is Under Attack [56:20] Establishing Objective Truths [1:12:53] Individual Solutions to Societal Issues [1:27:14] The Cost of Free Speech [1:38:17] No One Escapes Misbeliefs [1:55:46] Solving For Misbelief [2:08:39] Know That You Don’t Know [2:24:07] The Replication Crisis Dan Ariely Quotes: “The breeding ground for misbelief is stress.” “When you think about corrosive, you say people are different on the other side of this and there's really no no going back” “Every element of our psychology is attacked to get us down to this finalist misbelief.” “Cognitive dissonance is about, if we act in a certain way our beliefs follow.” “Emotions in general are basically rules of thumbs. They are not accurate, they are not designed to be accurate. They are designed to dictate a particular behavior that is almost instinctual.” “We’ve created a society very much built on temptation and emotions everywhere, and not just in social media, [...] it’s an easier trigger to press than to go through the cognitive route.” “There's the cognitive part, you choose which information to pay attention to or not, and there's the personality part that some people are more susceptible to…” “It's really about the ability to hold multiple hypotheses in mind and not being convinced too quickly. I also think it's about reducing the gap between confidence and knowledge…” “It's not that anybody's lying, it's that they looked at the same thing and they walked away with wildly different conclusions. “ Tom Bilyeu “If you have a growth mindset, you are not prone to going down the funnel of disbelief because your identity is not tied up in a belief or something.” Tom Bilyeu “I don't want to be 100% sure of anything that is going to color my worldview, or at least I'm going to be very, very cautious before I get there.” “Everything is a trade off, and I think that for most things we don't understand them sufficiently and deeply, and we are just at the beginning of the journey and we need to understand it, and we need to keep on being willing to change it later on.” “Social science changes all the time because the things that tap our irrationality keep on changing and the type of mistakes we make keep on changing. So we need to change with it.” “Creating a goal of fulfilling ourselves by improving other people's lives is a wonderful abstract goal. As long as you don't say "I know what is the exact way to do it.” Follow Dan Ariely: Website: 🤍 Twitter: 🤍 Instagram: 🤍

Are we in control of our decisions? | Dan Ariely

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🤍 Behavioral economist Dan Ariely, the author of Predictably Irrational, uses classic visual illusions and his own counterintuitive (and sometimes shocking) research findings to show how we're not as rational as we think when we make decisions. TEDTalks is a daily video podcast of the best talks and performances from the TED Conference, where the world's leading thinkers and doers give the talk of their lives in 18 minutes. TED stands for Technology, Entertainment, Design, and TEDTalks cover these topics as well as science, business, development and the arts. Closed captions and translated subtitles in a variety of languages are now available on TED.com, at 🤍 Watch a highlight reel of the Top 10 TEDTalks at 🤍 Follow us on Twitter 🤍 Checkout our Facebook page for TED exclusives 🤍

How to change your behavior for the better | Dan Ariely

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17.12.2019

Visit 🤍 to get our entire library of TED Talks, transcripts, translations, personalized Talk recommendations and more. What's the best way to get people to change their behavior? In this funny, information-packed talk, psychologist Dan Ariely explores why we make bad decisions even when we know we shouldn't and discusses a couple tricks that could get us to do the right thing (even if it's for the wrong reason). Get TED Talks recommended just for you! Learn more at 🤍 The TED Talks channel features the best talks and performances from the TED Conference, where the world's leading thinkers and doers give the talk of their lives in 18 minutes (or less). Look for talks on Technology, Entertainment and Design plus science, business, global issues, the arts and more. You're welcome to link to or embed these videos, forward them to others and share these ideas with people you know. For more information on using TED for commercial purposes (e.g. employee learning, in a film or online course), submit a Media Request here: 🤍 Follow TED on Twitter: 🤍 Like TED on Facebook: 🤍 Subscribe to our channel: 🤍

Predictably Irrational - basic human motivations: Dan Ariely at TEDxMidwest

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30.08.2012

Best selling author and behavioral economics professor Dan Ariely delves into the essence of human motivation. His clever yet brilliantly simple experiments uncover universal truths about human irrationality and increasing motivation. In the spirit of ideas worth spreading, TEDx is a program of local, self-organized events that bring people together to share a TED-like experience. At a TEDx event, TEDTalks video and live speakers combine to spark deep discussion and connection in a small group. These local, self-organized events are branded TEDx, where x = independently organized TED event. The TED Conference provides general guidance for the TEDx program, but individual TEDx events are self-organized.* (*Subject to certain rules and regulations)

What makes us feel good about our work? | Dan Ariely

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10.04.2013

What motivates us to work? Contrary to conventional wisdom, it isn't just money. But it's not exactly joy either. It seems that most of us thrive by making constant progress and feeling a sense of purpose. Behavioral economist Dan Ariely presents two eye-opening experiments that reveal our unexpected and nuanced attitudes toward meaning in our work. (Filmed at TEDxRiodelaPlata.) TEDTalks is a daily video podcast of the best talks and performances from the TED Conference, where the world's leading thinkers and doers give the talk of their lives in 18 minutes (or less). Look for talks on Technology, Entertainment and Design plus science, business, global issues, the arts and much more. Find closed captions and translated subtitles in many languages at 🤍 Follow TED news on Twitter: 🤍 Like TED on Facebook: 🤍 Subscribe to our channel: 🤍

What Makes Rational People Believe Irrational Things? (Dan Ariely)

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07.11.2023

The Michael Shermer Show # 384 Tickets for our December event available now: 🤍 Shermer and Ariely discuss: What is disinformation and what should we do about it? • How do we know what is true and what to believe? • virtue signaling one’s tribe as a misbelief factor • the role of complex stories in misbelief • emotions, personality, temperament, trust, politics, and social aspects of belief and misbelief • the funnel of belief • social proof and the influence of others on our beliefs • social media companies responsibility for disinformation • What would it take to change your mind? Dan Ariely is the bestselling author of Predictably Irrational, The Upside of Irrationality, and The (Honest) Truth About Dishonesty. He is the James B. Duke Professor of Psychology and Behavioral Economics at Duke University and is the founder of the Center for Advanced Hindsight. His work has been featured in the New York Times, the Wall Street Journal, the Washington Post, the Boston Globe, and elsewhere. SUPPORT THE PODCAST If you enjoy the podcast, please show your support by making a $5 or $10 monthly donation. 🤍 #michaelshermer #skeptic Listen to The Michael Shermer Show or subscribe directly on YouTube, Apple Podcasts, Spotify, Amazon Music, and Google Podcasts. 🤍

Who You Find Attractive Is Based on How Hot You Are | Dan Ariely | Big Think

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Who You Find Attractive Is Based on How Hot You Are New videos DAILY: 🤍 Join Big Think Edge for exclusive video lessons from top thinkers and doers: 🤍 - People who are very attractive care more about attractiveness in a mate, while unattractive people want a partner who is kind and has a good sense of humor. - DAN ARIELY: Dan Ariely is the James B Duke Professor of Psychology and Behavioral Economics at Duke University. He is the founder of The Center for Advanced Hindsight and co-founder of BEworks, which helps business leaders apply scientific thinking to their marketing and operational challenges. His books include Predictably Irrational and The Upside of Irrationality, both of which became New York Times best-sellers. as well as The Honest Truth about Dishonesty and his latest, Irrationally Yours. Ariely publishes widely in the leading scholarly journals in economics, psychology, and business. His work has been featured in a variety of media including The New York Times, Wall Street Journal, Washington Post, Boston Globe, Business 2.0, Scientific American, Science and CNN. TRANSCRIPT: Question: What is "assortative mating?" Dan Ariely:  So "assortative mating" is the idea that if you took all men and you ranked them on how attractive they are, from the most attractive to the least attractive and you rated all women from the most attractive to the least attractive, and you can think about attractiveness as built, being built from lots of stuff—like it’s not just beauty, it could be beauty and intelligence and so on—but if you created this, it was mostly about beauty, but, you know, if you created that, it turns out that the most attractive would date the most attractive.  The middle attractive would basically date the middle, and the low would date the low.  Now, there could be slight deviations, but that’s what happened, and why?  Because if you’re at the top and you’re a guy, you can pick anybody you want, so you would pick a woman who’s in the top and if she’s at the top, she could pick anybody she wants, she would pick you. So now the question is, what happens to people in the middle?  You know, most of us.  Or, what happens to people in the middle, how do we make sense of where we are in the social hierarchy?  And for me that thought actually became very kind of crucial and apparent when I got injured.  So here’s what happened: you grow up, and you have some kind of space in society and you know basically where you are and you know who would date you and who would not date you, who is kind of outside of your league, in general terms, and you know where you fit in the social hierarchy.  And I knew where I was in the social hierarchy, but one day I got badly injured.  And, you know, I couldn’t think about romantic stuff for a long time, but when I could, all of a sudden I started wondering about where do I fall now in the social hierarchy?  I was trying to think about, do I fall in the same place?  I’m kind of the same person inside, but I look much less attractive.  Right?  And would the women who would date me before would keep on dating me now?  And I said, "Why would they?  They have other options, right?  I’m not the only guy in the world." So it was kind of a very difficult concept for me to think about where do I fall?  Like I fell differently on the social hierarchy, I basically lost my space all of the time and I was trying to understand how this social dance happened and how we find our place.  And I was really wondering about where would I find my own mate?  Where would I fit in this, in this scale? And there was a lot of personal complexities with it.  But eventually it led me to a study, and the study was really asking the question of how do we make sense of where we fit in the hierarchy?  And there are basically kind of multiple explanations, right?  You could say, you never adjust.  You never, if you're kind of in the middle range, or the low range and you only are, you have to date somebody else who is in the middle range, you never make peace with it.  You wake up every morning, you look at your partner across your shoulder and you say, "Well, that's the best I could do.  I really wanted more, sadly, you know, I have to admit my limitations, that's the most I could do."  That means you don't adapt. It could be that you adapt.  It could be that, for example, if you're unattractive, you start looking at other features that are unattractive and see them as attractive.  You remember the story f... For the full transcript, check out 🤍

Did This Expert On Cheating Get Caught Lying? An EXCLUSIVE interview with Dan Ariely.

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17.10.2023

Dan Ariely is the most famous cognitive behavioral scientist on the topic of lying and misbelief. Over the summer an organization named Data Colada accused him of making up some of the data that made his career. Soon The New Yorker, NPR, The Atlantic, New York Times and a dozen other publications picked up the story about how he, and Francesca Gino (a researcher at Harvard) were lying about their research on lying. Ariely never gave a recorded interview on the topic, instead submitting his answers to reporters over email. But it just so happened that over the summer I reached out to Ariely because I was fascinated by his MRI research on the brains of pathological liars (which is not under any sort of investigation that I'm aware of) and we set up a date to talk earlier this month. The result: An exclusive interview with Ariely on the scientific fraud scandal, and some answers to the hard questions about what really lies at the bottom of truth and deception. Watch the full and unedited interview with Dan Ariely here 🤍 Other Coverage: The Atlantic 🤍 Planet Money 🤍 New Yorker: 🤍 Quant (Video) 🤍 Data Colada: 🤍 Get Dan's new Book "Misbelief" here: 🤍 Get Exclusive Updates on Patreon: 🤍 Subscribe to my newsletter 🤍 Scott Carney Investigates Podcast 🤍 YouTube 🤍 Books: ⁠The Wedge⁠ 🤍 ⁠What Doesn't Kill Us⁠ 🤍 ⁠The Enlightenment Trap⁠ 🤍 The Vortex 🤍 The Red Market 🤍 Listen to the Scott Carney Investigates Podcast on: YouTube 🤍 Apple: 🤍 Spotify: 🤍 Anchor: 🤍 Social Media: Instagram 🤍 Facebook 🤍 Twitter 🤍 Bluesky 🤍 #DanAriely #Lying #Science ©PokeyBear LLC (2023)

The Fall of a Superstar Psychologist

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05.08.2023

Dan Ariely is a titan in the field of behavioral economics. His work has been published in numerous peer reviewed journals and repeatedly cited in academia and popular media. He has consulted for top companies and governments internationally. While still revered in the mainstream, academics are beginning to question the foundations of Ariely's work. Are his most influential findings robust, and more importantly, could they be fraudulent? Corrections: The Israeli Ministry of Finance paid Ariely 17 million ILS (not USD). This amounts to 4.65 million USD. While reading the emails at 10:25 and 10:51 I accidentally read Aimee's response before reading Dan's original question. Thanks to those who pointed out the mistakes. Thank you for watching my first video. This video is not monetized; no revenue will be generated. Music: brooks xy 🤍 Sources: 🤍 Huge kudos to the researchers at data colada for their continued commitment to the integrity of academic research. Read their work at: 🤍 #behavioraleconomics #behavioralscience #economics #psychology #research #academia #data #datascience

Why we think it's OK to cheat and steal (sometimes) | Dan Ariely

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🤍 Behavioral economist Dan Ariely studies the bugs in our moral code: the hidden reasons we think it's OK to cheat or steal (sometimes). Clever studies help make his point that we're predictably irrational and can be influenced in ways we can't grasp. TEDTalks is a daily video podcast of the best talks and performances from the TED Conference, where the world's leading thinkers and doers give the talk of their lives in 18 minutes. Featured speakers have included Al Gore on climate change, Philippe Starck on design, Jill Bolte Taylor on observing her own stroke, Nicholas Negroponte on One Laptop per Child, Jane Goodall on chimpanzees, Bill Gates on malaria and mosquitoes and "Lost" producer JJ Abrams on the allure of mystery. TED stands for Technology, Entertainment, Design, and TEDTalks cover these topics as well as science, business, development and the arts. Watch the Top 10 TEDTalks on TED.com, at 🤍

What makes us feel good about our work? - Dan Ariely

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06.12.2013

View full lesson: 🤍 What motivates us to work? Contrary to conventional wisdom, it isn't just money. But it's not exactly joy either. It seems that most of us thrive by making constant progress and feeling a sense of purpose. Behavioral economist Dan Ariely presents two eye-opening experiments that reveal our unexpected and nuanced attitudes toward meaning in our work. (Filmed at TEDxRiodelaPlata.) Talk by Dan Ariely.

Dating & Relationships | Dan Ariely | Talks at Google

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Googler Logan Ury talks to behavioral economist and "Predictably Irrational" author Dan Ariely in the second of our Modern Romance talks. They discuss the paradox of choice in the "Age of Tinder," why a canoe is the best place to test your long-term compatibility, and other research-based insights and advice for modern dating and relationships.

Self control: Dan Ariely at TEDxDuke

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Behavioral economist Dan Ariely talks about self control and the difference between our long term goals and our short term actions. Dan Ariely is an renowned professor of psychology and behavioral economics. He teaches at Duke University and is the founder of The Center for Advanced Hindsight and also the co-founder of BEworks.

why manipulating you is so easy?(and how to STOP it) //Predictably irrational - Dan Arialy

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why manipulating you is so easy?(and how to STOP it)

Free Video Lecture | Dan Ariely | The Trap of Money | GREAT MINDS

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The basic premise of traditional economics is that humans are rational beings and make decisions using their reason. Then behavioral economics emerged, challenging this theory. The young American scholar, Dan Ariely, says that humans are predictable, but irrational. 🤍 In his lectures, The Psychology of Money, Dan Ariely warns against our propensity to make monetary decisions with our emotions rather than with reason. Using the way we feel to make these choices leads us to think irrationally and-more often than not-leads us to the wrong decision. So how can we spend wisely using sound reason? You can find a clue in Professor Ariely's words: humans are irrational but predictable. When they make money-related decisions, humans have made countless repeated mistakes for the past hundreds of years. These mistakes are a pattern of thoughts and actions shared by many, not just the irrational outliers. Finding out this pattern is what behavioral economists' research is centered on. Understanding this pattern decreases tendency to make irrational monetary decisions. Professor Ariely approaches the tricky theme of money in a straightforward and fascinating way, introducing his numerous experiments and their results. In this lecture, you'll get the wisdom to live a better life with your money as you learn how to spend it better-and perhaps more rationally. #GREATMINDS #DanAriely #Predictablyirrational #danarielygame #behavioralscience #psychologyofmoney #money #economics #economy #psychology #behaviour #freelectures #lecture #university

The Many Ways Our Irrational Minds Sabotage Our Wealth | Dan Ariely, Behavioral Economist

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SCHEDULE YOUR FREE PORTFOLIO REVIEW with Wealthion's endorsed financial advisors at 🤍 When it comes to money, because it's so quantifiable, you'd expect people to make very rational decisions. But they don't. Because we're humans, we're more driven by our evolutionary wiring and our emotions. We make "predictably irrational" decisions, as today's guest expert would say. Dan Ariely is the James B. Duke Professor of Psychology and Behavioral Economics at Duke University and a founding member of the Center for Advanced Hindsight. I've been looking forward for a long time to having him on the program to help us understand how the flawed decision-making we make impacts the markets, the economy & our financial destinies. TIMESTAMPS 0:00 Introduction to Ariely. 6:53 Behavioral economics and money. 15:25 How our current wiring is working against us. 20:00 Evaluating the value of a search query. 25:54 Who has the easier time to delay gratification. 33:48 How do you make the invisible visible? 41:29 How to make the value of money visible. 45:37 Behavioral economics and how to improve corporate culture. 52:05 Do companies that treat people better tend to outperform. _ At Wealthion, we show you how to protect and build your wealth by learning from the world’s top experts on finance and money. Each week we add new videos that provide you with access to the foremost specialists in investing, economics, the stock market, real estate and personal finance. We offer exceptional interviews and explainer videos that dive deep into the trends driving today's markets, the economy, and your own net worth. We give you strategies for financial security, practical answers to questions like “how to grow my investments?”, and effective solutions for wealth building tailored to 'regular' investors just like you. There’s no doubt that it's a very challenging time right now for the average investor. Above and beyond the recent economic impacts of COVID, the new era of record low interest rates, runaway US debt and US deficits, and trillions of dollars in monetary and fiscal stimulus stimulus has changed the rules of investing by dangerously distorting the Dow index, the S&P 500, and nearly all other asset prices. Can prices keep rising, or is there a painful reckoning ahead? Let us help you prepare your portfolio just in case the future brings one or more of the following: inflation, deflation, a bull market, a bear market, a market correction, a stock market crash, a real estate bubble, a real estate crash, an economic boom, a recession, a depression, or another global financial crisis. Put the wisdom from the money & markets experts we feature on Wealthion into action by scheduling a free consultation with Wealthion’s endorsed financial advisors, who will work with you to determine the right next steps for you to take in building your wealth. SCHEDULE YOUR FREE WEALTH CONSULTATION with Wealthion's endorsed financial advisors here: 🤍 Subscribe to our YouTube channel 🤍 Follow Adam on Twitter 🤍 Follow us on Facebook 🤍 #investing #moneymistakes #moneymanagement IMPORTANT NOTE: The information and opinions offered in this video by Wealthion or its interview guests are for educational purposes ONLY and should NOT be construed as personal financial advice. We strongly recommend that any potential decisions and actions you may take in your investment portfolio be conducted under the guidance and supervision of a quality professional financial advisor in good standing with the securities industry. When it comes to investing, past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All investments involve risk and may result in partial or total loss.

Our buggy moral code | Dan Ariely

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26.04.2012

🤍 Behavioral economist Dan Ariely studies the bugs in our moral code: the hidden reasons we think it's OK to cheat or steal (sometimes). Clever studies help make his point that we're predictably irrational and can be influenced in ways we can't grasp. TEDTalks is a daily video podcast of the best talks and performances from the TED Conference, where the world's leading thinkers and doers give the talk of their lives in 18 minutes. Featured speakers have included Al Gore on climate change, Philippe Starck on design, Jill Bolte Taylor on observing her own stroke, Nicholas Negroponte on One Laptop per Child, Jane Goodall on chimpanzees, Bill Gates on malaria and mosquitoes, Pattie Maes on the "Sixth Sense" wearable tech, and "Lost" producer JJ Abrams on the allure of mystery. TED stands for Technology, Entertainment, Design, and TEDTalks cover these topics as well as science, business, development and the arts. Closed captions and translated subtitles in a variety of languages are now available on TED.com, at 🤍 If you have questions or comments about this or other TED videos, please go to 🤍

Habits: How to be successful every day | Dan Ariely, Gretchen Rubin & more | Big Think

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Habits: How to be successful every day Watch the newest video from Big Think: 🤍 Learn skills from the world's top minds at Big Think Edge: 🤍 Habits, both good and bad, are pre-made decisions that makeup around 40 percent of our day and require no real conscious thought. In order to regain control, resist environmental temptations, and reduce your bad habits, it helps to understand the three parts of a habit loop: the cue (or trigger), the behavior itself, and the reward. Gretchen Rubin, Dan Ariely, Charles Duhigg, Adam Alter, and others explain how you can successfully hack your habits by shifting away from goal-based achievement markers to system-based processes; learning the difference between rewards and treats; and thinking less about immediate gains and more about long-term benefits. Regardless of what some people might try to sell you, there is no "magic answer" when it comes to changing habits, says Rubin. You have to find what works best for you. Read Gretchen Rubin's latest book "Outer Order, Inner Calm: Declutter and Organize to Make More Room for Happiness" at 🤍 TRANSCRIPT: GRETCHEN RUBIN: The key thing about a habit really comes down to decision-making because sometimes people think about it's something that you do repeatedly, or you know, it unfolds over time. But really the key thing about a habit is that you're not making a decision. You're not deciding whether to brush your teeth. You're not deciding whether to use a seatbelt. You're not deciding whether to go to the gym first thing in the morning. You've already decided, and the advantage of a habit is that once something's on automatic pilot, then the brain doesn't have to use any energy, or willpower to make a decision. You've already made that decision. You're just moving forward. And so, it happens easily without any thought, without any willpower, without any effort. You're just on cruise control, and then you can do what you wanna get done. Habit is like the invisible architecture of everyday life. Research shows that something like 40% of what we do every day we do in pretty much the same way and in the same context. So it's easy to see that if you have habits that work for you, you're much more likely to be happier, healthy, and more productive. If you have habits that don't work for you, it's really gonna drag you down, because such a big part of our days is taken up by habits. CHARLES DUHIGG: And this gets to the way that habits work, which is that there's this thing called the habit loop. There's three parts to it. There's first a cue, which is a trigger for a behavior, and then the behavior itself, which we usually refer to as a routine, or scientists refer to as routine, and then there's the reward, and the reward is actually why the habit happens in the first place. It's how your brain sort of decides should I remember this pattern for the future or not? And the cue and the reward become neurologically intertwined until a sense of craving emerges that drives your behavior. And this actually explains so much of our lives, and not only our lives, but also how companies function. DAN ARIELY: So what happened is that the world around us is designed to tempt us. You know, one of the principles from behavioral economics is choice architecture, the idea that we, when we are placed in an environment, we make decisions as a function of the environment we're in. Think about the environment that we're in. What is it about? Is it about our long-term health? Or is it about the short-term profits of that environment? You walk down the street, there's a coffee shop. What does this coffee shop want? They want you to be healthy in 30 years from now, or do you want them to, they, do they want you to buy another coffee right now? Dunkin' Donuts, what is their optimization function? Are they trying to get you to be healthy in 20 years, or to buy another donut now? Your cell phone, what is it trying to do, to get you to be a productive citizen in two years, or to check your phone a couple of more times today? So what happened is that we are in an environment that tempts us all the time. These temptations are only increasing, and because of that, we fail. RUBIN: One of the mysteries of habits is why do we persist in having bad habits when we know they're not good for us, when they know they don't make us happy? But you know, there's usually multiple things going. Maybe it's what you want right this minute versus what you want on the long-term. Or maybe you want two things that are in conflict. JULIA GALEF: One example of rationality in action, just to give you a sense of what it looks like, and how it's relevant, back in... Read the full transcript at 🤍

Beware conflicts of interest | Dan Ariely

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🤍 In this short talk, psychologist Dan Ariely tells two personal stories that explore scientific conflict of interest: How the pursuit of knowledge and insight can be affected, consciously or not, by shortsighted personal goals. When we're thinking about the big questions, he reminds us, let's be aware of our all-too-human brains. TEDTalks is a daily video podcast of the best talks and performances from the TED Conference, where the world's leading thinkers and doers give the talk of their lives in 18 minutes. Featured speakers have included Al Gore on climate change, Philippe Starck on design, Jill Bolte Taylor on observing her own stroke, Nicholas Negroponte on One Laptop per Child, Jane Goodall on chimpanzees, Bill Gates on malaria and mosquitoes, Pattie Maes on the "Sixth Sense" wearable tech, and "Lost" producer JJ Abrams on the allure of mystery. TED stands for Technology, Entertainment, Design, and TEDTalks cover these topics as well as science, business, development and the arts. Closed captions and translated subtitles in a variety of languages are now available on TED.com, at 🤍

Dear Elon Musk

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21.09.2023

Dear Elon Musk, I wanted to express my gratitude to you for being one of the inspirations behind my latest book, 'Misbelief.' As a token of my appreciation, I'd like to send you a copy of 'Misbelief'. I believe you'll find it an insightful exploration of the subject. To order my new book MISBELIEF 👉🏼 🤍 #elonmusk #misbelief #Twitter #x My website: 🤍 – Watch all my Quick Thoughts videos here: 🤍 – Subscribe to my YouTube channel here: 🤍 – Follow me on Social Media: Instagram 🤍 Facebook 🤍 LinkedIn 🤍 Twitter 🤍 – All my podcasts: 🤍 All my books: 🤍 My website: 🤍

The Value of Trust | Professor Dan Ariely | TEDxEast

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09.12.2016

What is the value of trust in relationships and interactions? Dan Ariely will shed some light on the ways we think about and behave in situations with varying degress of trust among people. Despite our intentions, why do we so often fail to act in our own best interest? Why do we promise to skip the chocolate cake, only to find ourselves drooling our way into temptation when the dessert tray rolls around? Why do we overvalue things that we’ve worked to put together? What are the forces that influence our behavior? Dan Ariely, James B. Duke Professor of Psychology & Behavioral Economics at Duke University, is dedicated to answering these questions and others in order to help people live more sensible – if not rational – lives. His interests span a wide range of behaviors, and his sometimes unusual experiments are consistently interesting, amusing and informative, demonstrating profound ideas that fly in the face of common wisdom. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at 🤍

Why You'll Be In The Office More Than You Think: Dan Ariely

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Psychology and behavioral economics professor Dan Ariely answers some big questions about how the U.S. will return to work. He suggests that it may take time for many to get comfortable coming back to an office due to health concerns, as well as changed lives. However, he predicts that the lack of social interaction experienced during this period will encourage more in-person work. Watch the video to find out more. A recent surge in Covid-19 cases due to the delta variant is reigniting discussion on return-to-work across the country. With Apple and Alphabet postponing their return-to-work plans until October, companies and employees are reevaluating whether they want to return to the office. Continued safety and health concerns even before the surge in new Covid cases suggest it will take time for workers to be comfortable coming back to an office. But eventually, says Duke University behavioral economics and psychology professor Dan Ariely, when it is safe to do so, workers will want to be back in the office more than they think. “In general, when people are stressed, anxious and worried, this is not the time to expect people to be reflective and understand their own motives in the best possible way,” Ariely said. After facing a year filled with uncertainty, the human behavior expert says now might not be the best time for workers to make definitive decisions about coming back to the office but, eventually, when the time is right to make decisions on returning to work, workers may surprise themselves. Return to in-person work on a trial basis Even though plans were pushed back, many companies like Apple and Google are designing hybrid work models, requiring employees to return to a shortened work week rather than a full five-day week, though the flexibility in each company’s hybrid model does vary. Whatever the model is, Ariely recommends companies at first provide a trial period for return to the office, instead of forcing employees into a permanent return-to-work plan. He says companies should offer employees shortened work weeks for a specific amount of time, and after that time, employees can decide to work more days per week. Ariely thinks this will result in more workers choosing to work in person. “Going back is just a difficult step,” Ariely said. “But if we get people to do it, for even a month or two, I think people will be very different at the end of this period.” Many people are frightened about returning to work, while others have just grown comfortable working remotely, and Ariely says people need to try out new things before making permanent decisions. He compared a trial plan for returning to work with purchasing a new mattress. “If you go to a mattress store, you can imagine what the mattress feels like and you can lay on it for five minutes,” Ariely said. “But to really experience it, you need to use the mattress for a month to understand how it is.” » Subscribe to CNBC: 🤍 » Subscribe to CNBC TV: 🤍 » Subscribe to CNBC Classic: 🤍 About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: 🤍 Follow CNBC on LinkedIn: 🤍 Follow CNBC News on Facebook: 🤍 Follow CNBC News on Twitter: 🤍 Follow CNBC News on Instagram: 🤍 #CNBC Why You'll Be In The Office More Than You Think: Dan Ariely

Our buggy moral code - Dan Ariely

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View full lesson: 🤍 Behavioral economist Dan Ariely studies the bugs in our moral code: the hidden reasons we think it's OK to cheat or steal (sometimes). Clever studies help make his point that we're predictably irrational and can be influenced in ways we can't grasp. Talk by Dan Ariely

Predictabily Irrational | Dan Ariely | Talks at Google

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Professor Dan Ariely visits Google's Mountain View, CA headquarters to discuss his book "Predictably Irrational: The Hidden Forces That Shape Our Decisions." This event took place on July 1, 2008, as part of the Authors🤍Google series. In a series of illuminating, often surprising experiments, MIT behavioral economist Dan Ariely refutes the common assumption that we behave in fundamentally rational ways. Blending everyday experience with groundbreaking research, Ariely explains how expectations, emotions, social norms, and other invisible, seemingly illogical forces skew our reasoning abilities. Not only do we make astonishingly simple mistakes every day, but we make the same types of mistakes, Ariely discovers. We consistently overpay, underestimate, and procrastinate. We fail to understand the profound effects of our emotions on what we want, and we overvalue what we already own. Yet these misguided behaviors are neither random nor senseless. They're systematic and predictable—making us predictably irrational. Dan Ariely is the Alfred P. Sloan Professor of Behavioral Economics at MIT, where he holds a joint appointment between MIT's Media Laboratory and the Sloan School of Management. He is also a researcher at the Federal Reserve Bank of Boston and a visiting professor at Duke University. Ariely wrote this book while he was a fellow at the Institute for Advance Study at Princeton.

How equal do we want the world to be? You'd be surprised | Dan Ariely

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The news of society's growing inequality makes all of us uneasy. But why? Dan Ariely reveals some new, surprising research on what we think is fair, as far as how wealth is distributed over societies ... then shows how it stacks up to the real stats. TEDTalks is a daily video podcast of the best talks and performances from the TED Conference, where the world's leading thinkers and doers give the talk of their lives in 18 minutes (or less). Look for talks on Technology, Entertainment and Design plus science, business, global issues, the arts and much more. Find closed captions and translated subtitles in many languages at 🤍 Follow TED news on Twitter: 🤍 Like TED on Facebook: 🤍 Subscribe to our channel: 🤍

The Secret to Kicking Procrastination: Reward Yourself | Dan Ariely | Big Think

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The Secret to Kicking Procrastination: Reward Yourself New videos DAILY: 🤍 Join Big Think Edge for exclusive videos: 🤍 Dan Ariely, the author of "Predictably Irrational," believes in associating undesirable tasks with pleasurable activities. DAN ARIELY: Dan Ariely is the James B Duke Professor of Psychology and Behavioral Economics at Duke University. He is the founder of The Center for Advanced Hindsight and co-founder of BEworks, which helps business leaders apply scientific thinking to their marketing and operational challenges. His books include Predictably Irrational and The Upside of Irrationality, both of which became New York Times best-sellers. as well as The Honest Truth about Dishonesty and his latest, Irrationally Yours. Ariely publishes widely in the leading scholarly journals in economics, psychology, and business. His work has been featured in a variety of media including The New York Times, Wall Street Journal, Washington Post, Boston Globe, Business 2.0, Scientific American, Science and CNN. TRANSCRIPT: Question: What is procrastination? DAN ARIELY: Procrastination is basically a simple term for a deep problem with human nature and the problem has to do with time. We live in the here and now but what’s good for us is often long in the future. And we have plans in the future. We will save money, and we would eat healthily, and we would exercise and we would do this and we would do that and we will do all that. Today I just don’t feel like it. Today the chocolate cake is tempting, and the gym is far away, it’s oh too humid outside, and I really saw a new bike and I don’t feel like saving. So, procrastination is about the problem that we’re just not designed to think about the long term. Why would nature get us to think about what will happen thirty or fifty or sixty years from now? So we think about now and the now is much more powerful and the future doesn’t work. Question: How can you overcome it? DAN ARIELY: I was in the hospital for many years and one of the things that happened was I got Hepatitis C from an infected, infected blood that they gave me as a blood donation. And in the beginning they didn’t know it was hepatitis C they just said hepatitis and it would flare up from time to time and make my recovery much, much slower. And about six years later they identified the virus for hepatitis C and I knew what I had and then there was a treatment called interferon. Interferon is a medication that was developed for hairy cell leukemia. It’s an unpleasant medication. After each injection I would feel vomiting and sick and fever and so on. And I had to take this injection three times a week for a year and a half. So now I think about this problem, Monday, Wednesday, and Friday, I had to go home, measure the syringe in the injection, plunk it into my thigh and inject myself knowing that in an hour I will start vomiting and having fever and so on. It’s very tough to do, right. But that’s really the basic human problem. That if something is good for us in the future, I really don’t want to die from liver cirrhosis, but the steps that we can take now are incredibly painful to fix that. So we often don’t do that. This by the way brings us to the second issue about what do we do about it. How can we overcome it? When I finished this year and a half of treatment and the doctors told me that I was the only patient that they ever had that took the medications regularly. And you can wonder, you know, do I have more self-control than other people? But, you know, I don’t. I eat the same junk food and I do the same mistakes and I procrastinate just the same way. But I created a trick for myself. And the trick is that I love movies. If I had time I would watch lots of movies. So I said I’m not watching movies any other time but Mondays, Wednesdays and Fridays and on those mornings I would go to the video store, I would rent two or three movies if I like. I would have them in my backpack for the whole day anticipating watching them. And when I would get home, I would inject myself, I would get a blanket for the shivering, I’ll get the bucket for the vomiting, and I would start watching the movie immediately. I didn’t wait until I would get sick. I basically tried to create a connection between the injection and something I loved. And I think that’s basically one of the tricks we can try and do to ourselves. We say we’re not designed to care about the future. We just can’t change that. We just can’t change the fact that we’ll think every day... Read the full transcript at 🤍

The scandal that shook psychology to its core

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Wanna watch this video without ads and see all of our exclusive content? Head over to 🤍 In 2011, a scandal broke in psychology that made everyone question whether any of its research could really be believed. For the last decade, psychology has grappled with the aftermath and has tried to understand what went wrong. The ensuing crisis of confidence comes from a replication crisis in the field that we’ve seen over and over through all of science. So… what now? Visit 🤍 to get started learning STEM for free, and the first 200 people will get 20% off their annual premium subscription. Buy our book, Brains Explained! 🤍 - Find us on social media (Twitter, FB, IG) and check out our website: 🤍e Join our Discord server: 🤍 If you like what we do, support our work by becoming a Patron: 🤍 We couldn’t do all of this without our awesome Patreon Producers, Ryan M. Shaver, Danny Van Hecke, Carrie McKenzie, and Jareth Arnold. You four are like warm sunshine on a cool day! And thanks to our other high-level Patrons, including: Marcelo Kenji 12tone Linda L Schubert Susan Jones Ilsa Jerome k b Raymond Chin Marcel Ward Memming Park

Famous Psychologist's Honesty Study is a Fraud!?

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SUPPORT more videos like this at 🤍 SUBSCRIBE at 🤍 + Links + transcript available at 🤍 + ABOUT: Rebecca Watson is the founder of the Skepchick Network, a collection of sites focused on science and critical thinking. She has written for outlets such as Slate, Popular Science, and the Committee for Skeptical Inquiry. She's also the host of Quiz-o-tron, a rowdy, live quiz show that pits scientists against comedians. Asteroid 153289 Rebeccawatson is named after her (her real name being 153289). + MORE: 🤍 FOLLOW: 🤍 AND: 🤍 LIKE: 🤍

Why trust is so important and how we can get more of it? | Dan Ariely | TEDxJaffa

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Trust is a crucial, yet often under-valued and under-appreciated force. In this talk Dan describes the importance of trust, some of the building blocks of trust and how we can design mechanisms and society in a way that will give us more trust. For more information on this particular TEDx event, see 🤍 Despite our intentions, why do we so often fail to act in our own best interest? Why do we promise to skip the chocolate cake, only to find ourselves drooling our way into temptation when the dessert tray rolls around? Why do we overvalue things that we’ve worked to put together? What are the forces that influence our behavior? Dan Ariely, James B. Duke Professor of Psychology & Behavioral Economics at Duke University, is dedicated to answering these questions and others in order to help people live more sensible – if not rational – lives. His interests span a wide range of behaviors, and his sometimes unusual experiments are consistently interesting, amusing and informative, demonstrating profound ideas that fly in the face of common wisdom. He is a founding member of the Center for Advanced Hindsight, co-creator of the film documentary (Dis)Honesty: The Truth About Lies, and a three-time New York Times bestselling author. His books include Predictably Irrational, The Upside of Irrationality, The Honest Truth About Dishonesty, Irrationally Yours, Payoff and Dollars and Sense. In 2013 Bloomberg recognized Dan as one of Top 50 Most Influential thinkers. Dan can be found at 🤍 This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at 🤍

Dan Ariely Shares the Truth About Dishonesty

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– Subscribe to my YouTube channel here: 🤍 🔍 Discover the Truth About Dishonesty with Dan Ariely! 🔍 🎥 Watch this captivating video as renowned behavioral economist, Dan Ariely, unveils the fascinating insights into human behavior and the concept of dishonesty. Gain a deeper understanding of why people lie and cheat, and explore the thought-provoking experiments and research that shed light on our moral compass. – Follow me on Social Media: Instagram 🤍 Facebook 🤍 LinkedIn 🤍 Twitter 🤍 – All my podcasts: 🤍 All my books: 🤍 My website: 🤍

The Truth About Dishonesty - Dan Ariely

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Dan Ariely, bestselling author and professor of psychology and behavioural economics at Duke University visits the RSA to examine the mechanisms at work behind dishonest behaviour, and the implications this has for all aspects of our social and political lives. Listen to the podcast of the full event including audience Q&A: 🤍 Our events are made possible with the support of our Fellowship. Support us by donating or applying to become a Fellow. Donate: 🤍 Become a Fellow: 🤍

Dan Ariely presents his latest work at BX2019

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Dan Ariely is the James B. Duke Professor of Psychology and Behavioral Economics at Duke University and a founding member of the Center for Advanced Hindsight. He does research in behavioral economics on the irrational ways people behave, described in plain language. His immersive introduction to irrationality took place as he overcame injuries sustained in an explosion. During a range of treatments in the burn department he faced a variety of irrational behaviors that were immensely painful and persistent. He began researching ways to better deliver painful and unavoidable treatments to patients. Ariely became engrossed with the idea that we repeatedly and predictably make the wrong decisions in many aspects of our lives and that research could help change some of these patterns.

The Psychology of Motivation: Build Purpose, Respect Contributions, Give Credit | Dan Ariely

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The Psychology of Motivation: Build Purpose, Respect Contributions, Give Credit New videos DAILY: 🤍 Join Big Think Edge for exclusive video lessons from top thinkers and doers: 🤍 Problems can be overcome by just thinking about them differently. Often, says Benjamin Hardy, people think problems are going to be far worse than they actually are. It’s like hesitation before jumping into a pool. You forget that you can adapt quickly and learn to enjoy, and focus on the negative. It’s a small change in your outlook, but a big change in your brain. BENJAMIN HARDY : Benjamin Hardy and his wife, Lauren, are the foster parents of three kids. In 2016, Benjamin was the #1 overall writer on Medium.com. His work has been featured at Forbes, Psychology Today, Fortune, Mashable, and others. TRANSCRIPT: Benjamin Hardy:  So basically for most of psychology’s history the focus has been on what’s negative about people, on diagnosing illnesses, on depression, on problems, and since like the late ‘90s there’s been a huge emphasis on “positive psychology”, on studying what’s “right” about people, on studying human flourishing.  And kind of the fundamental root of most of positive psychology research is the assumption of what’s called hedonism, which is basically the pursuit of pleasure, the avoidance of pain.  And so there’s a lot of researchers in the positive psychology space or there’s a few who feel like positive psychology research is very limited because basically what one of the core assumptions is is that positive emotions lead to positive outcomes.  And that kind of goes against a lot of different types of philosophies, philosophies like Stoicism or Buddhism or even more spiritual practices that talk about how sometimes actually negative experience, sometimes negative emotions produce some of the best outcomes. And so solely avoiding negative, challenging, difficult emotions is probably actually one of the worst things a person can do who’s seeking growth. There’s a really good poem by Douglas Malik and he says—he’s talking about trees but he says—“Good timber does not grow with ease / the stronger the wind the stronger the trees / the further sky the greater length / the more the storm the more the strength.”  And so essentially strong trees, they require difficult circumstances, they require strenuous environments that force them to adapt deeper roots and so if you’re always avoiding negative or challenging emotions there’s obviously going to be some problems internally.  You’re not dealing with things - so I think there’s a lot of problems with positive psychology and kind of the fundamental assumptions.  Anticipation is a huge component of psychology. Basically what most people – most people anticipate that an event or a thing is going to be more intense than it actually is. It’s why people wait a long time to jump into a swimming pool is because they think that it’s going to be an intense experience. And so if you anticipate that a task is going to be difficult you’re probably going to procrastinate it or you’re going to put it off or you’re going to have emotional challenges going into it.  But if you just recognize that you’re going to adapt to it very quickly, once you actually get into it motivation kicks in. So that’s another one of the things that holds people back is that they feel like they have to be motivated first, when basically motivation happens once you start doing something.  Action precedes motivation.  So basically a Harvard researcher, and I forget his name off the top of my head, but he says that it’s a lot easier to act your way into feeling than to feel your way into acting.  And so if you spend a lot of time anticipating an event it’s going to hold you from doing it, but if you just actually start doing it motivation will kick in, you’ll start to actually get accustomed to it, you’ll start to develop a capacity, you’ll adapt to it. So I think it can hold people back, but obviously a positive anticipation can be a great thing.  So there’s like this idea that you’re always changing but that doesn’t mean you’re always growing.  So if you want to grow you must change, but just because you changed does it mean you grew or you became better.  So you could obviously change your habits, and I think that as human beings we’re always adapting and changing based on what’s around us.  So we’re always replacing old habits with the new ones, but that doesn’t mean that y... For the full transcript, check out 🤍

Designing For Trust | Dan Ariely | TEDxPorto

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This is about understanding the importance of trust. How much it affects society. How much it moves us. And what it is its function. How do we increase trust? What are the things that could get trust to be higher and the things that could get trust to be lower in society and how could we add trust? And finally, a couple of examples trying to see how we can increase trust and improve the world. Dan Ariely, James B. Duke Professor of Psychology & Behavioral Economics at Duke University, is dedicated to answering these questions and others in order to help people live more sensible – if not rational – lives. His interests span a wide range of behaviors, and his sometimes unusual experiments are consistently interesting, amusing and informative, demonstrating profound ideas that fly in the face of common wisdom. He is a founding member of the Center for Advanced Hindsight, co-creator of the film documentary (Dis)Honesty: The Truth About Lies, and a three-time New York Times bestselling author. His books include Predictably Irrational, The Upside of Irrationality, The Honest Truth About Dishonesty, Irrationally Yours, Payoff and Dollars and Sense. In 2013 Bloomberg recognized Dan as one of Top 50 Most Influential thinkers. He also has a bi-weekly advice column in the Wall Street Journal called “Ask Ariely.” Dan can be found at 🤍danariely.com. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at 🤍

Dan Ariely: Profiting from Irrationality: Navigating the Human Factor | Lunches with Legends #40

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Welcome back to this week's Lunches with Legends™ episode featuring our host Mo Lidsky, CEO of Prime Quadrant, and Dan Ariely, James B. Duke Professor of Psychology and Behavioral Economics at Duke University, and three-time New York Times bestselling author. In this candid conversation, Dan talks about his human capital research findings, and brakes down the data on psychological safety, intrinsic motivation, and WFO vs WHF dynamics. Have a listen – it’s quite a ride. We're pleased to announce that Lunches with Legends™ is now available as a podcast. You can listen to Dan’s episode on your streaming provider of choice. - Apple Podcasts: 🤍 - Spotify: 🤍 - Google Podcasts: 🤍 To view our upcoming event schedule, visit 🤍luncheswithlegends.com Be the first to find out about our latest events by following us on LinkedIn: 🤍 All opinions expressed by participants in the video are solely their own opinions and do not reflect the opinion of Prime Quadrant or its affiliates and are subject to change at any given time for any reason. The information in any of Prime Quadrant’s video productions is for informational and entertainment purposes. It does not constitute financial, investment, tax, or legal advice and should not be construed as such. Please see the appropriate professional advisor for advice specific to your situation. For more information visit 🤍primequadrant.com. Unless otherwise specified, references to “Prime Quadrant” are intended to mean the Prime Quadrant group of companies. The firms that comprise the Prime Quadrant group of companies include Prime Quadrant Corp. and Prime Quadrant US, LLC. Each firm provides specific services in a particular geographic area and is subject to the laws and professional regulations of the particular country or countries in which it operates.

Dan Ariely - Misbelief, why rational people believe irrational things

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Professor Dan Ariely joins us to talk about his marvellous new book, "Misbelief", about why and how rational people believe irrational things. We also discuss how to not fall prey to corrosive information, lots of fascinating Behavioural Science and Psychology insights, and even his brand new TV show called The Irrational. Learn more about Dan and order his book at: 🤍 Learn more about us at 🤍 ⭐️⭐️ Our Most Popular Courses ⭐️⭐️ 🎓 Behavioural Economics: 🤍 🎓 Applied Behavioural Science: 🤍 🎓 Creative Leadership: 🤍 🎓 Storytelling: 🤍 🎓 The Happy Course: 🤍 🎓 Copywriting: 🤍 🎓 Brand Building: 🤍 ⭐️⭐️Follow Us On Social Media ⭐️⭐️ 📈 LinkedIn: 🤍 🐦 Twitter/X: 🤍 🌅 Instagram: 🤍 📘 Facebook: 🤍

Dan Ariely: "The Upside of Irrationality"

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Behavioral economist Dan Ariely discusses his book, "The Upside of Irrationality: The Unexpected Benefits of Defying Logic at Work and at Home," presented by Harvard Book Store. More lectures at 🤍 This talk took place on October 16, 2010.

Data, Fraud and Stories: Dan Ariely

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A quick look at why Dan Ariely faked data in a study about dishonesty, and what we can learn from it. 🤍

Big Think Interview With Dan Ariely | Big Think

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Big Think Interview With Dan Ariely New videos DAILY: 🤍 Join Big Think Edge for exclusive videos: 🤍 A conversation with the author of "Predictably Irrational" and professor of behavioral economics at Duke. DAN ARIELY: Dan Ariely is the James B Duke Professor of Psychology and Behavioral Economics at Duke University. He is the founder of The Center for Advanced Hindsight and co-founder of BEworks, which helps business leaders apply scientific thinking to their marketing and operational challenges. His books include Predictably Irrational and The Upside of Irrationality, both of which became New York Times best-sellers. as well as The Honest Truth about Dishonesty and his latest, Irrationally Yours. Ariely publishes widely in the leading scholarly journals in economics, psychology, and business. His work has been featured in a variety of media including The New York Times, Wall Street Journal, Washington Post, Boston Globe, Business 2.0, Scientific American, Science and CNN. TRANSCRIPT: Topic: Defining behavioral economics DAN ARIELY: Behavioral economists are interested in the same topics that economists are interested in: why people buy, how we make decisions, what are the right mechanisms in the market, and so on. But the starting point is different. Rather than assuming people are rational and then taking the implications of that, we have no prior beliefs. We say, let’s just see how people behave. Let’s put them in a situation in the lab, in the field, let’s see how they behave, and then as a consequence let’s make the implication, and because in those situations people often don’t behave rationally, the implications are often very different from the implications from standard economics. Topic: Humans are out of control. Dan Ariely: So there’re many, many examples for irrationality. There’s one way to be rational and many ways to be irrational. We exhibit lots of those. A good way to think about it is to think about emotions. So think about it. Imagine if you were in the jungle 20,000 years ago and you saw a tiger, what do you want? You want a human being in that situation to stop, to pause, to think, to take out their little Excel spreadsheet and calculate: What should I do? Should I run? Should I stay? What’s the cost, what’s the benefit? Of course not. What you want is to create a situation in which this person runs as fast as they can the moment they see the tiger, and that’s basically how emotions work. When we see something that puts us in danger or had to do something with our sexual behavior, we turn our cognition off. It’s not that we think and we feel, we just feel. Emotion takes over and then they just execute the command, say, run as fast as you can, don’t think, don’t calculate, don’t do anything. Now, emotions still work in the same way these days even though we don’t have tigers, but now they’re evoked by other things. Somebody cut in front of us in the highway, we have some anger towards somebody, somebody in customer service upsets us, all kinds of other things happen. Emotions just work in the same way, even though nowadays they’re not as relevant to those situations. Question: Can we train ourselves to act rationally? Dan Ariely: There is hope, and I think that hope basically has kind of multiple legs to it. The first thing is that I’m hoping that when people see a mistake that they know about it they might be able to fix it. So for example it turns out that “free” is a very big allure, when we see something that is free we often go for it even if it’s not good for us. But it turns out that if it wasn’t free, if it was costing us a penny, or 10 cents, or a dollar, we will not have the same allure to it. So one of the suggestions I have to people is, when something is free, ask yourself, would I still do the same thing even if it was costing me a penny, or ten cents? It’s a range of those things. There’s a range of things in which we can read a paper, or book, or kind of have an idea about what are some irrational behaviors of other people are exhibiting and of course it’s always easy for us to see what other people are exhibiting irrationalities, and then use it as a mirror, and say, oh I can see this behavior. I see that when I date, I juggle too many options; I see that when I shop I make this mistake. I see when I make these mistakes and let me think about how to prevent it. That’s the first hope... Read the full transcript at 🤍

Dan Ariely on Misbelief, why smart people believe stupid things

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What makes rational people believe irrational things, and smart people do dumb things? Nobody is better able to answer this than superstar behavioral economist Dan Ariely, with whom I discuss hist remarkable latest book, Misbelief 🤍 enjoy!

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