What people do is they pay the small loans first. Why? Because they enjoy making the number of loans smaller. But of course it is a very ineffective way to pay debt down. — 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 Image
“[..] 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 Image
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 Image
“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 Image
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 Image
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 Image
“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 Image
“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 Image
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 Image
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 Image
“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 Image
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 Image
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 Image
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 Image
“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 Image
![“[..] we human beings are ready and willing to steal something that does not explicitly reference monetary value - that is, something that lacks the face of a dead president.” quote by Dan Ariely](https://sms4smile.com/quotes/img-quotes/a1f/dan-ariely-1899_funny_we-human-beings-are-ready-and-willing-to_4436.jpg)
