Hey, that title looks familiar!

The graphic, however, is terrific:

 

click for larger graphic

 

 

Source:
Six ways our brains make bad financial decisions
DAN ARIELY AND NINA MAZAR
The Globe and Mail January 25 2013
http://www.theglobeandmail.com/report-on-business/rob-magazine/six-ways-our-brains-make-bad-financial-decisions/article7859455/

Category: Digital Media, Psychology

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3 Responses to “This is your brain on behavioural economics”

  1. Petey Wheatstraw says:

    Brain?

    Looks more like a digestive system, pinching off a loaf.

  2. [...] Some of Charlie’s most powerful writing consists of a narrative list of the various dysfunctional heuristics that impact human decision making.   Munger’s writing and speaking in not as academic as others like Dan Ariely, Daniel Kahneman, James  Montier and Michael Mauboussin (see generally   http://www.theatlantic.com/business/archive/2013/01/the-irrational-consumer-why-economics-is-dead-wrong-about-how-we-make-choices/267255/   ), but he is often more amusing and practical.  He is certainly more direct in many cases.  For a great graphic see:  This is your brain on behavioural economics http://www.ritholtz.com/blog/2013/01/this-is-your-brain-on-behavioural-economics/ [...]