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Quote by Dan Ariely

“Giving up on our long-term goals for immediate gratification, my friends, is procrastination.”

Quote by Dan Ariely

Author

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. more

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“If we all make systematic mistakes in our decisions, then why not develop new strategies, tools, and methods to help us make better decisions and improve our overall well-being? That's exactly the meaning of free lunches- the idea that there are tools, methods, and policies that can help all of us make better decisions and as a consequence achieve what we desire-pg. 241”

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“That’s a lesson we can all learn: the more we have, the more we want. And the only cure is to break the cycle of relativity.”

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Book:The Irrational Bundle

Source: The Irrational Bundle

“We have very strong intuitions about all kinds of things — our own ability, how the economy works, how we should pay school teachers. But unless we start testing those intuitions, we’re not going to do better.”

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“The most difficult thing is to recognize that sometimes we too are blinded by our own incentives. Because we don’t see how our conflicts of interest work on us.”

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“When it comes to the mental world, when we design things like health care and retirement and stock markets, we somehow forget the idea that we are limited. I think that if we understood our cognitive limitations in the same way that we understand our physical limitations … we could design a better world.”

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“There's something about [cyclically] doing something over and over and over that seems to be particularly demotivating.”

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“The bad news is that ignoring the performance of people is almost as bad as shredding their effort in front of their eyes. Ignoring gets you a whole way out there. The good news is that by simply looking at something that somebody has done, scanning it and saying "Uh huh," that seems to be quite sufficient to dramatically improve people's motivations.”

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“When we think about labor, we usually think about motivation and payment as the same thing, but the reality is that we should probably add all kinds of things to it - meaning, creation, challenges, ownership, identity, pride, etc.”

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“Thinking is difficult and sometimes unpleasant.”

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Book:Predictably Irrational: The Hidden Forces that Shape Our Decisions

Source: Predictably Irrational: The Hidden Forces that Shape Our Decisions

“Companies, however unintentionally, choke the motivation out of their employees.”

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Author:Dan Ariely