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Thinking is difficult and sometimes unpleasant.

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
Unpleasant
Difficult
Sometimes
Thinking

More quotes by Dan Ariely

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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 should teach the students, as well as executives, how to conduct experiments, how to examine data, and how to use these tools to make better decisions.
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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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Take a brilliant, creative social scientist, without any respect for conventional wisdom and you get Ellen Langer. She is a fantastic storyteller, and Counterclockwise is a fascinating story about the unexpected ways in which our minds and bodies are connected.
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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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The problem is that people basically dangle debt in front of us. And the cost for the poor of course is much higher than for the wealthy.
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People are irrational - and predictably so.
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Money is all about opportunity cost. Every time you spend on something, that's something you can't spend on something else.
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Honesty is a complex and tricky thing, and we don't want to be honest all the time.
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It is very difficult to make really big, important, life-changing decisions because we are all susceptible to a formidable array of decision biases. There are more of them than we realize, and they come to visit us more often than we like to admit.
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The people that lend you money basically give you an answer based on the risk that they are willing to take. But just because a bank is willing to take a particular risk doesn't mean that that is the right amount for me to spend.
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One of the big lessons from behavioral economics is that we make decisions as a function of the environment that we're in.
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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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I don't think we should go around life and being miserable all the time and feel the pain of paying. It's a question of what categories we want to spend more on and what categories we want feel that we are spending too much on and we want to cut down.
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When you're in pain, tomorrow doesn't exist - just the pain - and the only thing that you want in the world is for it to go away.
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Money is a wonderful invention. It lets us save, it lets us specialize, right? I couldn't be a professor if there wasn't any money. Every day I would have to raise chicken and bread and broccoli and go ahead and spend all my time trading. So, money is a wonderful mechanism.
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When you get a checking account, you should have a savings account, and the number for the savings account should be one off of your checking account.
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While we somehow understand revenge on an intuitive level between individuals, I do suspect that companies, assuming that people are rational, completely miss and underestimate the motivation people have for revenge.
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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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The problem with opportunity cost is that opportunity cost is divided among many, many things.
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