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Predictably Irrational: The Hidden Forces That Shape Our Decisions is a 2008 book by Dan Ariely, in which he challenges readers' assumptions about making decisions based on rational thought. Ariely explains, "My goal, by the end of this book, is to help you fundamentally rethink what makes you and the people around you tick.
Irrational behavior can be useful when used tactically in certain conflict, game and escape situations. The moves of an irrational opponent are not (or only very limitedly) predictable. An irrational negotiator cannot be put under rational pressure. [52] An indirect tactic is the rational use of the irrationalism of third parties.
Irrationality is cognition, thinking, talking, or acting without rationality.. Irrationality often has a negative connotation, as thinking and actions that are less useful or more illogical than other more rational alternatives.
An attachment theory suggests that ownership creates a non-transferable balanced association between the self and the good. The good is incorporated into the self-concept of the owner, becoming part of her identity and imbuing it with attributes related to her self-concept. Self-associations may take the form of an emotional attachment to the good.
Irrational exuberance" is the phrase used by the then-Federal Reserve Board chairman, Alan Greenspan, in a speech given at the American Enterprise Institute during the dot-com bubble of the 1990s. The phrase was interpreted as a warning that the stock market might be overvalued.
President Trump, now sworn in for his second term, is the epitome of a blowhard. Merriam-Webster’s definition of “an arrogantly and pompously boastful or opinionated person” is a pen ...
Behavioral economics is the study of the psychological (e.g. cognitive, behavioral, affective, social) factors involved in the decisions of individuals or institutions, and how these decisions deviate from those implied by traditional economic theory.
Wilson is in tune with this, especially as a small business owner. He and his wife operate Painting Panda Pottery Studio, where customers paint their own pottery, including mugs and plates ...