Kids don't care what party they have, right? They want cake and they want to run around. Nothing else matters. But in this escalation, all the kids want parties like their friends. So, if all the friends have an amazing,… — Dan Ariely Copy Share Image
We don't really want a huge house, but we want the house to be slightly bigger than our neighbors, and a car that is bigger than our neighbor's, and they're going on vacation that's slightly more expensive, and this escalation… — Dan Ariely Copy Share Image
If you think of people as making decisions actively, every time we think about the cup of coffee, we say, "How much will I… — Dan Ariely Copy Share
“[..] we human beings are ready and willing to steal something that does not explicitly reference monetary value - that is, something that lacks… — Dan Ariely Copy Share
It is true that from a behavioral economics perspective we are fallible, easily confused, not that smart, and often irrational. We are more like… — Dan Ariely Copy Share
“Contrafreeloading,” a term coined by the animal psychologist Glen Jensen, refers to the finding that many animals prefer to earn food rather than simply… — Dan Ariely Copy Share
One of the big lessons from behavioral economics is that we make decisions as a function of the environment that we're in. — Dan Ariely Copy Share
Not all debt is bad. From time to time we should get into debt when there's a good reason for that. — Dan Ariely Copy Share
“This result suggests that cheating is not driven by concerns about standing out. Rather, it shows that our sense of our own morality is… — Dan Ariely Copy Share
“ONE OF THE main differences between standard and behavioral economics involves this concept of “free lunches.” According to the assumptions of standard economics, all… — Dan Ariely Copy Share
Money is all about opportunity cost. Every time you spend on something, that's something you can't spend on something else. — Dan Ariely Copy Share
The people that lend you money basically give you an answer based on the risk that they are willing to take. But just because… — Dan Ariely Copy Share
“Upton Sinclair once noted, “It is difficult to get a man to understand something when his salary depends upon his not understanding it.”)” — Dan Ariely Copy Share
If you get people to feel that they are putting something, that they are creating it and so on, their love for the project… — Dan Ariely Copy Share
If I gave you now, $10 as a gift, how happy would you be? Would you be happy, is the marginal $10, the best… — Dan Ariely Copy Share
Imagine you have six loans, small to huge. People want to close loans and because of that, they try to pay off the small… — Dan Ariely Copy Share
“he started by selling his Porsche Boxster and buying a Toyota Prius in its place.4 “I don’t want to live the life of a… — Dan Ariely Copy Share
