Dan Ariely is a world renowned behavioural economist, and three-time, New York Times best-selling author. He assert that humans are not as rational as we think we are, yet this irrational behaviour IS also highly predictable. He is a Professor of Psychology and Behavioral Economics at Duke University and his TED talks has been viewed over 10M times. Dan’s latest book – “Small Change – Money Mishaps and How To Avoid Them” delves into the truly illogical world of personal finance.
00:00 Trailer.
02:19 Brian’s thoughts on the episode.
04:41 Brian’s introduction.
05:15 Levels of honesty in different cultures.
10:41 It is very easy to corrupt people; how our level of honesty is affected.
22:16 Success secrets
22:50 Terribly painful experience of extensive burns changed and taught Dan a lot.
28:10 Pissed off with mother’s choice of university study for him and what motivates Dan now.
30:41 Dan’s interests and background in other subjects affect his studies of human nature.
31:29 Financial experiment illustrates his motivation to find solutions to help humanity.
44:18 What worries Dan about the “Tinder type world” effect on relationships.
48:49 Start-up company relationships compared to human relationships.
49:59 Why a comedian co-wrote ‘Small Change: Money Mishaps and How to Avoid Them’.
54:40 Fascinating money: how we think about it, fallacies around it, what to do with it.
56:31 Conundrum of monthly pay increase versus an equivalent annual bonus.
58:35 The hot emotional button of ‘FREE’
1:01:55 How he maintains such a busy, varied, workload.
1:02:48 Focus now on healthcare, trying to get people to eat better and exercise.
1:09:33 Powerful phone call to the 20-year old Dan Ariely.
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