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TheFinance.sg

Posted on December 30, 2009 - by Aaron Lau

Predictably Irrational

Personal Finance
Photo by Ghetu Daniel

Photo by Ghetu Daniel

When we make decisions we think we’re in control, making rational choices. But are we?

I recently came to know of an author, Dan Ariely, Professor of Behavioral Economics at Duke University. I watched one of his presentation and he gave some powerful examples of how many subconscious things affect our decision making process. As it will have a profound impact on our understanding towards making certain financial decisions, I thought I shared them with you as well.

Examples he gave on survey, statistics and “The Art Of Form Design”:

Are we really in control of our decisions when filling up a form, or taking a survey on a form that gets compiled into statistics? Read more…


Related posts:

  1. Education is the only solution
  2. Limitations Of Rational Thinking
  3. When facts are false
This entry was posted on Wednesday, December 30th, 2009 at 7:00 pm and is filed under Personal Finance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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