It’s that time of year for thoughtful reflection & self-assessment. I often wish I were a faster reader…I started 2018 with a longer & different list of books to read, but time & circumstances took me to unexpected paths. Overall, though, it’s been a fruitful year of discovering: • fascinating views of cultural differences in
Things aren’t always as they seem. But we may prefer it that way. Sometimes we want to be deceived. The power of expectation helps us enjoy life more. Imagine this story as Daniel Ariely tells it in his book Predictably Irrational: A Hungry Traveler’s Tale “Imagine walking into a truck stop off a deserted stretch of
Trust is important in economies for reducing the cost of trade. But the marketplace has been a place where a few bad actors have driven down the general social level of trust. Behavioral economist Dan Ariely & some other researchers set out to measure how much trust people have in the market. They set up
Your decision-making is more vulnerable to irrational thought than you’re probably willing to admit, according to scientists. Dr. Ariely describes experiments showing “anchoring,” in which an unrelated piece of information, just by being received first in a decision-making sequence, influences our decisions. For example, he had students write down the last 2 digits of their
