Dan Ariely || Spending Smarter

The Psychology Podcast

iHeartPodcasts

Social Sciences, Science

4.4 • 2K Ratings

🗓️ 20 December 2017

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

“Money is incredible, but some of the things that make it incredible make it difficult to use.” — Dan Ariely Today I’m excited to welcome Dan Ariely to The Psychology Podcast. Dan is a professor of psychology and behavioral economics at Duke University and a founding member of the Center for Advanced Hindsight. Through his research and his (often unorthodox) experiments, he questions the forces that influence human behavior and the irrational ways in which we often all behave. He is author of the bestsellers Predictably Irrational, The Upside of Irrationality, and several others, and his latest book is Dollars and Sense: How We Misthink Money and How to Spend Smarter. In our conversation we cover: Why he decided to dedicate a whole book to money How the “pain of paying” affects how much we spend Why we tend to undervalue saving How fairness impacts our perception of value Why bad spending becomes a habit In this episode you’ll learn how to think about money and spend it in smarter ways. It was great getting to chat with Dan, and interesting to see the overlap between his research in Behavioral Economics and the research coming out of Positive Psychology. Enjoy! Links: Dollars and Sense: How We Misthink Money and How to Spend Smarter https://www.amazon.com/Dollars-Sense-Misthink-Money-Smarter/dp/006265120X [Book] Follow Dan on Twitter https://twitter.com/danariely For more resources and information on Dan and his research http://danariely.com/ --- Support this podcast: https://anchor.fm/the-psychology-podcast/support

Transcript

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0:00.0	Hello and
0:02.0	welcome to the Psychology Podcast where we give you insights into the mind, brain, behavior, and creativity.
0:07.0	Each episode will feature a guest who will stimulate your mind
0:10.0	and give you a greater understanding of yourself, others, and the world we live in.
0:14.0	Hopefully we'll also provide a glimpse into human possibility.
0:17.0	If you like what you hear today, please add a rating and review in iTunes.
0:21.0	Thanks for listening and enjoy the podcast. So I'm really glad to have Dan Arylli on the show today.
0:34.0	Dan is the James. So I'm really glad to have Dan Aryelli on the show today.
0:44.0	Dan is the James B Duke Professor of Psychology and Behavioral Economics at Duke University,
0:49.0	where he studies how we repeatedly and predictably make the wrong decisions in many aspects of our lives.
0:54.0	Dan publishes widely in the leading scholarly journals in economic, psychology, and business.
0:59.0	His work has been featured in a variety of media including the New York Times in Wall Street Journal.
1:03.1	His books include predictably irrational, the upside of irrationality, and the honest truth about
1:08.2	dishonesty.
1:09.5	His latest book is Dollars and Cents, how we misthink money and how to spend smarter.
1:14.0	In his free time, Dan is working on a guide to the kitchen and life, which he calls
1:17.8	Dining Without Crumbs, the art of eating over the kitchen sink.
1:21.3	Thanks for chatting with me today, Dan. my pleasure. Oh I'm curious about the project
1:26.4	you're working on with the kitchen. Have you been a long time chef? No, I've been a long time observer of the kitchen and trying to think about the kitchen as a metaphor for life.
1:37.0	I like it. So if you think about it, the kitchen is a place where we create, we destroy, we procrastinate, we think about other people,
1:45.3	we over-invest, we try too hard,
1:48.0	we had too many ingredients, I mean, we do lots of things.
	...

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