Ep. 64 - Dan Ariely: Dishonesty, Irrationality, and Money

The James Altucher Show

James Altucher

Business, Education

4.6 • 2.7K Ratings

🗓️ 26 November 2014

⏱️ 59 minutes

🔗️ Recording | Apple Podcasts | RSS

🧾️ Download transcript

Summary

Emotions evoke an action, often an irrational one. Irrationality is not all bad. Dan examines some of the positive effects irrationality has on our lives and offers a new look on the irrational decisions that influence our personal lives and our workplace experiences. In this interview, Dan gives James some great examples. Money is a relatively new invention. What's the real value of anything? Money is all about opportunity costs. You buy one thing, you give up the opportunity to spend that money on something else. Why will you spend more money for the exact same thing if a great story is attached to it? Dan describes what really drives us. We're driven not by reason but by reaction. Social proof is a herding invention. This is a fantastic interview with a brilliant thinker. Listen here to the stories Dan tells. They'll change the way we see our actions, others, and ourselves. ------------What do YOU think of the show? Head to JamesAltucherShow.com/listeners and fill out a short survey that will help us better tailor the podcast to our audience!Are you interested in getting direct answers from James about your question on a podcast? Go to JamesAltucherShow.com/AskAltucher and send in your questions to be answered on the air!------------Visit Notepd.com to read our idea lists & sign up to create your own!My new book, Skip the Line, is out! Make sure you get a copy wherever books are sold!Join the You Should Run for President 2.0 Facebook Group, where we discuss why you should run for President.I write about all my podcasts! Check out the full post and learn what I learned at jamesaltuchershow.com------------Thank you so much for listening! If you like this episode, please rate, review, and subscribe to "The James Altucher Show" wherever you get your podcasts: Apple PodcastsiHeart RadioSpotifyFollow me on social media:YouTubeTwitterFacebookLinkedIn See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	This isn't your average business podcast and he's not your average host.
0:06.4	This is the James Altature Show on the Stansbury Radio Network.
0:17.9	This is James Altature.
0:19.2	I have Dan Airelli on the phone, author of Predictably Irrational, the honest truth about
0:27.0	dishonesty and the upside of irrationality.
0:31.0	All of these subjects, Dan, I'm totally an expert on having been completely irrational
0:36.2	and dishonest for most of my life.
0:38.1	So welcome to the show.
0:39.9	My pleasure, thanks for having me.
0:42.3	So Dan, what I kind of, so you came at a lot of these issues, irrational thinking, the
0:49.6	honest truth about dishonesty.
0:50.9	You come at it from a huge academic point of view.
0:54.6	We did all this research, you uncovered all the ways we figure or many of the ways we
0:58.9	think irrationally.
1:00.4	But I want to kind of also look and explore the upside of irrationality.
1:06.3	In a sense, how can the listeners take advantage of the fact that they, that we all think irrationally
1:13.1	to improve their lives by maybe thinking more rationally and also maybe take advantage
1:18.7	of the fact that other people, no matter what, are going to be mostly thinking irrationally.
1:25.6	So what are some of the ways we think irrationally that you cover in your book?
1:30.6	So there are many ways in which we think irrationally and probably the best one to think about
1:35.8	as a starting point is emotions.
1:38.8	So think about how emotions work.
	...

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