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Decision making Quote by Dan Ariely

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““if we do nothing while we are feeling an emotion, there is no short- or long-term harm that can come to us. However, if we react to the emotion by making a DECISION, we may not only regret the immediate outcome, but we may also create a long-lasting pattern of DECISIONS that will continue to misguide us for a long time.””

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One of the big lessons from behavioral economics is that we make decisions as a function of the environment that we're in.

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Not all debt is bad. From time to time we should get into debt when there's a good reason for that.

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“This result suggests that cheating is not driven by concerns about standing out. Rather, it shows that our sense of our own morality is…

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“ONE OF THE main differences between standard and behavioral economics involves this concept of “free lunches.” According to the assumptions of standard economics, all…

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Money is all about opportunity cost. Every time you spend on something, that's something you can't spend on something else.

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The people that lend you money basically give you an answer based on the risk that they are willing to take. But just because…

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“Upton Sinclair once noted, “It is difficult to get a man to understand something when his salary depends upon his not understanding it.”)”

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If you get people to feel that they are putting something, that they are creating it and so on, their love for the project…

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