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Dan Ariely

Dan Ariely Quotes

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Dan Ariely is an Israeli-American psychologist and behavioral economist known for his pioneering research in the field of behavioral economics. His work primarily focuses on the irrational aspects of human decision-making and how these irrationalities affect our economic behavior. Ariely's books, 'Predictably Irrational' and 'The Upside of Irrationality', have been widely popular and provide an accessible introduction to his research findings.

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Famous Dan Ariely Quotes

“Who would you trust right now? Which bank would you trust? Which investment would you trust? Do you really want to put your money; do you want to suffer more of these losses that we just had? You know, these volatility that we see is just unexplainable by any rational standards. Nobody has any clue about how to explain this, and nobody wants to experience that. So, we hold more money back, we don't necessarily want to invest in the market and by default, people are saving more.”

People Knows Want Suffering Loss Right Now Standards Investment Rational Saving More Money Clue Default Volatility Unexplainable

Author:Dan Ariely

“Interesting thing that is happening in American society is that people are starting to talk about money. I don't know how you feel about this, but for a long time, nobody was talking about money. It was a secret. And it's kind of very interesting because we do lots of stuff to portray to people about how much money we have, the clothes we wear and the cars we have and the house - they all kind of depict to other people, signal how much money we make, but we don't talk about it specifically.”

“Money actually becomes even more difficult than other things because it's very hard to imagine what the benefits are to saving. So, imagine that you see a new bicycle, a new pair of shoes, or something today. You know exactly what you are giving up if you are not buying it, what are you gaining in the future if you are not getting it. So, you are giving up the bicycle today, what is it in the future? What will happen if you send another $1,000 to your retirement fund? What difference will it make? It is very, very hard to figure out.”

Ifs Knows Giving Hard Happens Today Difficult Differences Imagine Figures Giving Up Benefits Shoes Saving Buying Fund Pairs Retirement Imagine That Bicycle Pair Of Shoes

Author:Dan Ariely

“I don't know what exactly the translation is but when we do consume something now, something else has to give at some point.”

Knows Giving Translations

Author:Dan Ariely

“If I gave you now, $10 as a gift, how happy would you be? Would you be happy, is the marginal $10, the best use of $10 you can use? Of course not. If I have you a CD, you know exactly what you are getting and you will have a value for it. So, money has lots of problems with it.”

Ifs Knows Use Problem Values Courses Cds

Author:Dan Ariely

“We can think about how we reduce the pain in paying. So, for example, credit cards are wonderful mechanisms to reduce the pain of paying. If you go to a restaurant and you are paying cash, you would feel much worse than if you were paying with credit card. Why? You know the price, there's no surprise, but if you're paying cash, you feel a bit more guilt.”

Ifs Thinking Knows Feels Pain Bits Wonderful Example Guilt Surprise Credit Cards Restaurants Cash Mechanism Credit Card

Author:Dan Ariely

“Do you know how much money you would save if you changed your light bulb to compact florescent light bubs? How much would you save if you decreased your temperature of your house in the winter by one degree, or increase it by one degree? We just don't know these numbers, but I think displays could make it a memorable change in terms of attention, and also help us translate it in terms of concrete ways on what you can get.”

“Why would you take money out of your paycheck at the beginning of the month when you don't know how much money you'll need?”

Knows Needs Know How Months Paychecks

Author:Dan Ariely

“Big Data is like teenage sex: everyone talks about it, nobody really knows how to do it, everyone thinks everyone else is doing it, so everyone claims they are doing it.”

Thinking Knows Bigs Sex Know How Information Claims Witty Data Analysis Thought Provoking Provoking Teenage Analytics Databases Too Much Information Analysing

Author:Dan Ariely