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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In Chapter 1, Ariely discusses the banking meltdown of and posits that huge bonuses don’t work to incent better performance. Jan 15, Elaine rated it liked it. Nevertheless, they do get the reader to think and getting to uside is a good part of the reason why one reads in the first place. Techniques From Informal Logic.
The Upside of Irrationality: The Unexpected Benefits of Defying Logic at Work and at Home
To that effect, he then went on to the second origami auction, which showed that non-creators valued professional-looking origami at levels similar to creators valuing their own creations, and much higher than non-creators valuing those amateur creations.
Also in the second half, Ariely discusses the dating market. The experiments, while interesting, involve college students MIT and Harvard mostly working for relatively trivial sums of money. Why we respond to one arriely who needs help, but not to many – explains the rational and reality behind how to mobilize people and their resources and why the American Cancer Society is so effective.
It frightens me that all attempts to increase regulation and to impose restrictions on speculation such as a Robin Hood Tax http: It explored the way that economics work on a personal level when you stop assuming that people are completely irrational and provided a great overview of the rahionality kinks in the human brain that lead us to make weird, suboptimal decisions.
Atiely need meaning in their lives and structuring their work so that it is meaningful is the best way to increase their performance, rationaluty is also why we tend not to give money to ‘save the planet’ causes as much as we give to find Snuggles, the lost puppy charities. After reading all the three books, I have this feeling that the examples used, the experiments mentioned and some of the themes are starting to repeat in different places.
Since long I have wanted to add a gist of review of this book, chapter-wise so that I could look up later. Ariely shows how ironic it is, that scientific research into the efficacy of drugs is held in high regard, but research into the efficacy of business practices like awarding bonuses is disregarded simply because of the anti-intuitive findings.
Sign in to use this feature. If I see the suffering can the masses, I will not act.
The Upside of Irrationality – Wikipedia
Goodreads helps you keep track of books you want to read. A few of my favorites being: So while I still think Predictably Irrational is the better of the two books because it’s more interesting and instructuve to see how people fail than to see how they might succeed, The Upside of Irrationality is still a very quick and very interesting read.
Instead,people get more productive by feeling autonomous and finding their work meaningful. Would rather punish someone at their own expense than let someone get away with something unfair.
This only applies to cognitive tasks, and not to, for instance, laying brick, where the bigger the bonuses the harder people work.
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.
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It’s the upside of irrationality. Dan Ariely,a great teacher,writer and,above all,a leading figure in the fields of social science and behavioral economics,proves once again to be da man! His research focuses on discovering and measuring how people make decisions. Many examples are recycled and I felt unsure if this was the same book I had already read. Jun 30, David rated it liked it Shelves: Dan Ariely has divided the books into two broad parts: It is written in a conversational style.
But it is massively disingenuous to say that perhaps investment banks can avoid mega-catastrophes ratipnality as the meltdown by parceling out bonuses over a number of years or simply tucking them inside base compensation.
I had a sufficiently positive impression of Dan Ariely from his first book, Predictably Irrationalto be willing to give this one a try.
How sometimes apologies can be powerful. And why does a simple apology for a small slight work so well at mitigating revenge? In so doing, companies run the risk of taking away employees’ sense of the big picture, purpose, and sense of completion.