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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.
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
Likely
Fail
Failing
Quite
Actually
Resist
Show
Temptation
Shows
Experiments
Clearly
More quotes by Dan Ariely
When it comes to the mental world, when we design things like health care and retirement and stock markets, we somehow forget the idea that we are limited. I think that if we understood our cognitive limitations in the same way that we understand our physical limitations … we could design a better world.
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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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Giving up on our long-term goals for immediate gratification, my friends, is procrastination.
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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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In life we encounter many people who, in some way or another, try to tattoo our faces.
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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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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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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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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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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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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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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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Companies, however unintentionally, choke the motivation out of their employees.
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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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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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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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We need to believe that we're good people, and we'll do just about anything to maintain that perception.
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Once you break the social norm and create a new social norm, all of a sudden it can stay with us for a long time.
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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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