Dan Ariely Quotes About Mistakes

Quotes about: Mistakes

• 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

  Dan Ariely

  Mistake, Ideas, Lunch

• Disasters are usually a good time to re-examine what we've done so far, what mistakes we've made, and what improvements should come next.

  Dan Ariely

  Mistake, Done, Next

• I always found the appeal to the market gods a bit odd. Why would the market fix mistakes instead of aggravating them?

  Dan Ariely

  Mistake, Odd, Found

• Imagine you have six loans, small to huge. People want to close loans and because of that, they try to pay off the small loans, but that's not the right strategy. The right strategy, of course, is to pay the loan with the highest interest rate. People make this mistake and it costs them lots and lots of money, it's a very expensive mistake because interest rates accumulate and become very, very expensive very quickly.

  Dan Ariely

  Mistake, People, Trying

  "A conversation with Dan Ariely, Author of Predictably Irrational". Big Think Interview, bigthink.com.

• The companies that provide debt, what do you think their goal is? Is their goal for you to fully understand the cost of your debt? No. So they're basically creating these approaches to make you feel like it is incredibly cheap or just to think about the cost per day rather the cost per year or cost for a lifetime. So debt is very simple mistake.

  Dan Ariely

  Mistake, Simple, Thinking

  "Mental depletion complicates financial decisions for the poor". Interview with Kristen Doerer, www.pbs.org. January 19, 2016.

• We are all far less rational in our decision-making than standard economic theory assumes. Our irrational behaviors are neither random nor senseless: they are systematic and predictable. We all make the same types of mistakes over and over, because of the basic wiring of our brains.

  Dan Ariely

  Mistake, Decision, Brain

  "Predictably Irrational: The Hidden Forces That Shape Our Decisions". Book by Dan Ariely, February 19, 2008.

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