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If you ever go bar hopping, who do you want to take with you? You want a slightly uglier version of yourself. Similar ... but slightly uglier.

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
Ever
Hopping
Take
Slightly
Version
Similar
Versions
Bars
Motivation
Inspiration
Uglier

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The problem with opportunity cost is that opportunity cost is divided among many, many things.
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The real issue is, how much goodwill do you invest in the work? And goodwill is not something that we can buy with money. It's very hard to buy goodwill with money.
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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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Companies, however unintentionally, choke the motivation out of their employees.
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What kind of people would be able to rationalize better than other people? Better storytellers, right? Creative people, right? Because if you're creative, you find more ways to cheat and still yourself a story about why this is okay.
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With everything you do, in fact, you should train yourself to question your repeated behaviors.
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A very simple bad decision is to get into debt. And that is very expensive.
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Linking financial element to energy consumption I think has a huge role if you think about a display instrument that could teach us about what we are using, how much it costs us, how much it is saving, and therefore change our 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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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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But suppose we are nothing more than the sum of our first, naive, random behaviors. What then?
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Thinking is difficult and sometimes unpleasant.
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It was shocking to realize how many low-income Americans don't have savings accounts.
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In life we encounter many people who, in some way or another, try to tattoo our faces.
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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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Once we start thinking of ourselves as polluted, there is not much incentive to behave well, and the trip down the slippery slope is likely.
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The companies that provide debt, what do you think their goal is? Is their goal for you to fully understand the cost of your debt? No. So they're basically creating these approaches to make you feel like it is incredibly cheap or just to think about the cost per day rather the cost per year or cost for a lifetime. So debt is very simple mistake.
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When we think about labor, we usually think about motivation and payment as the same thing, but the reality is that we should probably add all kinds of things to it - meaning, creation, challenges, ownership, identity, pride, etc.
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Motivation, basically getting people to be happy at work, everybody - everybody benefits.
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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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