Quote

Money is all about opportunity cost. Every time you spend on something, that's something you can't spend on something else.

Dan Ariely

Change background

T
T
T

Change font

TAGS & TOPICS

Dan Ariely
Age: 57
Born: 1967
Born: April 29
Economist
Pedagogue
Professor
Psychologist
University Teacher
Writer
New York City
New York
Spend
Opportunity
Money
Else
Every
Something
Time
Cost

More quotes by Dan Ariely

Image
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.
Dan Ariely
Image
I think we could get people to both be more productive and happier. We're less productive as individuals. We're less productive as companies, and we're more miserable.
Dan Ariely
Image
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.
Dan Ariely
Image
We have very strong intuitions about all kinds of things — our own ability, how the economy works, how we should pay school teachers. But unless we start testing those intuitions, we’re not going to do better.
Dan Ariely
Image
But suppose we are nothing more than the sum of our first, naive, random behaviors. What then?
Dan Ariely
Image
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.
Dan Ariely
Image
Disasters are usually a good time to re-examine what we've done so far, what mistakes we've made, and what improvements should come next.
Dan Ariely
Image
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.
Dan Ariely
Image
One of the big lessons from behavioral economics is that we make decisions as a function of the environment that we're in.
Dan Ariely
Image
In life we encounter many people who, in some way or another, try to tattoo our faces.
Dan Ariely
Image
...[D]ivision of labor, in my mind, is one of the dangers of work-based technology. Modern IT infrastructure allows us to break projects into very small, discrete parts and assign each person to do only one of the many parts. In so doing, companies run the risk of taking away employees' sense of the big picture, purpose, and sense of completion.
Dan Ariely
Image
People are irrational - and predictably so.
Dan Ariely
Image
Motivation, basically getting people to be happy at work, everybody - everybody benefits.
Dan Ariely
Image
The experiments show quite clearly that, as you resist more and more temptation, you're actually more and more likely to fail.
Dan Ariely
Image
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.
Dan Ariely
Image
A very simple bad decision is to get into debt. And that is very expensive.
Dan Ariely
Image
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.
Dan Ariely
Image
It is helpful to think of people as having two fundamental motivations: the desire to see ourselves as honest, good people, and the desire to gain the benefits that come from cheating - on our taxes or on the football field.
Dan Ariely
Image
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.
Dan Ariely
Image
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.
Dan Ariely