Dan Ariely, a professor of behavioral economics at Duke University, presents examples of cognitive illusions that help illustrate why humans make predictably irrational decisions.
Ariely is the author of Predictably Irrational: The Hidden Forces That Shape Our Decisions
Monterey, CA, Dec 13th, 2008
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
Faced with the choice between changing one's mind and proving that there is no need to do so, almost everyone gets busy on the proof. —John Kenneth Galbraith
Knowing that the vote over the weekend in Greece was really a referendum on Euro membership, a majority of the Greek Parliament said yes to staying. European Finance Ministers meet again on Wednesday to solidify the 2nd bailout package for Greece at the same time hopefully a deal is consummated between Greece and its creditors this week. The Greek 14.5b euro bond that matures on March 20th is up by 2 pts. The optimism that all will be completed and contained AGAIN to Greece has yields lower in Portugal, Spain and Italy. The iTraxx Financial Index is also narrower by...
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January 15th, 2009 at 6:43 pm
fantastic. The entire edifice of 19th, 20, and (so far) 21st century economics is built on a rational population that always looks to the future and always knows what it wants, when in fact reality is THE EXACT OPPOSITE.
Similar thinking would get me kicked out of my Grade 3 science class, but they give cabinet posts and Nobel Awards to economists that teach that rubbish.
no wonder we’re f***ed