Are we really in control of the choices and decisions we make?
Do we really act rationally?
Behavioral economist Dan Ariely and the author of “Predictably Irrational” shows how we are not as rational as we might think are when we make decisions. In fact we can be easily directed by others into irrational decisions. In this very humorous and entertaining Ted presentation Dan uses some classic visual illusions and his own research to illustrate his point – it’s really short so takes no time to watch.
Advertisers, marketers and even stock brokers make lots of money from our “cognitive limitation and illusions”. For example, If we don’t know what to do, we usually just pick what was chosen for us. Dan’s findings and research are good to know.
Dan’s papers are available free at MIT University.
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About Danny Sheehan
Danny lives in Hong Kong but is originally from Australia. He is Married to Maggie and together they have two children with whom they enjoy sharing and enjoying an exciting life with daily. Danny's passions are freedom, adventure and discovery, mainly in nature and science but also spiritually. He is a great believer in living in the NOW.
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