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?
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?
