If I gave you now, $10 as a gift, how happy would you be? Would you be happy, is the marginal $10, the best use of $10 you can use? Of course not. If I have you a CD, you know exactly what you are getting and you will have a value for it. So, money has lots of problems with it.
- Dan Ariely
More Quotes By Dan Ariely
We’re actually trying to develop an iPhone app, now that the Droid is out, we’ll do it for... To summarize, using money to motivate people can be a double-edged sword. For tasks that require cognitive ability,... Big Data is like teenage sex: everyone talks about it, nobody really knows how to do it, everyone... One of the big lessons from behavioral economics is that we make decisions as a function of the... One percent of people will always be honest and never steal,” the locksmith said. “Another one percent will... Even the most analytical thinkers are predictably irrational; the really smart ones acknowledge and address their irrationalities.
We are all far less rational in our decision-making than standard economic theory assumes. Our irrational behaviors are... We all want explanations for why we behave as we do and for the ways the world around... The idea that you will make the right decision every time is very unlikely.
Your immediate environment is comprised of coffee shops, supermarkets, websites, apps and all kinds of things – none... Giving up on our long-term goals for immediate gratification, my friends, is procrastination.
Honesty is a complex and tricky thing, and we don’t want to be honest all the time.
Companies, however
unintentionally, choke the motivation out of their employees.
When we think about labor, we usually think about motivation and payment as the same thing, but the... The most difficult thing is to recognize that sometimes we too are blinded by our own incentives. Because...
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