February 17, 2019

The Upside of Irrationality: The Unexpected Benefits of Defying Logic is a book published in by behavioral economist Dan Ariely. This is Ariely’s second. Dan Ariely is a genius at understanding human behavior: no economist does a better job of uncovering and explaining the hidden reasons for the weird ways. This enhanced e-book of The Upside of Irrationality contains more than 50 minutes of video. Each chapter includes a video summary from the author as he explo.

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Subjects were compensated to build lego characters, getting less money for each subsequent character. The most egregious padding is Ariely’s inclusion of what seems like an endless stream of personal anecdotes from his own life, a feature that severely tests the reader’s patience and is an implicit acknowledgement that this is a book based primarily on anecdotal evidence, rather upsive hard science.

Why is there such a big difference between what we think will make us happy and what really makes us happy? This gives the book an aura of authenticity, because it describes research in the first person. This is the rational agent model that runs ,for most part,our economy.

If we want to stop them being paid, asking CEOs to make that decision off their own bat is probably the least likely way of achieving it.

In his groundbreaking book Predictably Irrationalsocial scientist Dan Ariely revealed the multiple biases that lead us into making unwise decisions. Nevertheless, they do get the reader to think and getting to think is a good part of the reason why one reads in the first place. Most of the conclusions and finding of the book will look logical if you already know that rational man is not so rational.

But Rational Economics also provides the basis on which we build many of the theories that structure how we think about the economy as a whole — particularly around notions of the free market. I absolutely loved how he used e My take: Even if one disregards the relative weakness of the empirical evidence to support them, claims made in the second book are simply not as interesting as the earlier work – either they are immediately obvious, or restatements of material likely to be familiar to anyone who has done any prior reading in this general area.


How much bonus should be paid to employees performing physical work and mental work? At times many times Dan Rationxlity uses “research” consisting of a handful of young people, collected from the not-so-diverse environment of his local Starbucks. However, as opposed to Predictably Irrational it doesn’t provide any new insights.

And this is the sort of “heavy” stuff you will definitely not find in this type of book. Managing Informal Mathematical Knowledge: Aug 05, Lester rated it liked it. He models the human decision making process and in particular the irrational decisions that we all make every day. Do people satisfy ypside Dan Ariely has divided the books into two broad parts: The author includes his own dose of humor and is brave enough to disclose how some of his discoveries put his own injuries into perspective.

Mariam Thalos – – Diametros The optimal compensation is somewhere in the middle. His new book, The Upside of Irrationality, flips that coin onto its other side and looks at hour our penchant for irrational decision-making can actually benefit us and mak Dan Ariely’s previous book on behavioral economics, Predictably Irrational was fantastic.

When do we derive joy from our work, how comes the sense of contribution? Refresh and try again. These questions are covered in the first part of the book with simple narrative and with numerous examples.

The Upside of Irrationality

Thus, using such a definition,everyone acting against his economical interest is irrational. The simple answer is Rational Economics.


rationxlity Rational Economics confounds freedom with choice and ignores emotion entirely. I feel Dan has the rare gift to take a complex subject and present it in easy to understand concepts – effective in terms of understanding and retention. Long-term effect of short-term emotions such as anger, jealousy etc – how our decisions are impacted.

More could have been done in this book to tie the ideas together and to match the title and show more of irrationality’s ‘upside’. My only bone of contention being it got a little boring at times and yes most of the experiments were kind of long drawn. Want to Read saving…. O writing style is personal and candid. Ariely is tne author of the book, Predictably Irrational: It seems as though the author is trying to cash in on American’s trend of eating up books on this subject.

Re-branding is, after all, the solution to all of the worlds ills why they haven’t cha It is possible that I upsie far too many books five stars. Which means CEO high salaries aren’t quite logical.

The Upside of Irrationality – Wikipedia

Another part of the book shows that people need to feel their work is meaningful. Finding the Right Levers: Why we need to test everything – provides a framework and way of thinking to get your rationality back. Adaptation, assertive mating and the beauty market – if you always thought it was a jungle out there, you were right and this chapter talks about the realities of how you seek and form lasting social relationships.