We Love English

25 sept. 2013

Irrational decisions

Watch this presentation by behavioral economist Dan Ariely talking about the way people don´t take rational decisions. Enjoy.



Discuss these questions in class:

- Why are visual illusions a metaphore for rational behavior?
- What does organ donation depend on, according to Ariely´s reasoning? And what does it mean in terms of making decisions or having an illusion of making a decision?
- What does he say about complex decisions with multiple options?
- What experiment did he do with The Economist subscription? What do the results show?
- Why did he experiment with "slightly ugglier versions" of Tom and Jerry?
-  Last but not least, How does he relate the previous examples to behavioral economics and its importance?




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