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Predictably Irrational

by Lau on December 30, 2009

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…


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