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But suppose we are nothing more than the sum of our first, naive, random behaviors. What then?

Dan Ariely

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Dan Ariely
Age: 57
Born: 1967
Born: April 29
Economist
Pedagogue
Professor
Psychologist
University Teacher
Writer
New York City
New York
Behaviors
Random
Naive
Suppose
Behavior
Firsts
Nothing
First

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You can think about life as a battle between you and a doughnut shop. The doughnut shop wants you to eat another doughnut and pay the money, and you want to do it in the short term, but in the long term it's not good for you either financially or from a health perspective.
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The experiments show quite clearly that, as you resist more and more temptation, you're actually more and more likely to fail.
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Not all debt is bad. From time to time we should get into debt when there's a good reason for that.
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When people are in severe pain, there's an expression, you're a pain person, and what that means is that nothing else matters.
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People are willing to work free, and they are willing to work for a reasonable wage but offer them just a small payment and they will walk away.
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But because human being tend to focus on short-term benefits and our own immediate needs, such tragedies of the commons occur frequently .
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We are all far less rational in our decision-making than standard economic theory assumes. Our irrational behaviors are neither random nor senseless: they are systematic and predictable. We all make the same types of mistakes over and over, because of the basic wiring of our brains.
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What people do is they pay the small loans first. Why? Because they enjoy making the number of loans smaller. But of course it is a very ineffective way to pay debt down.
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