What motivates us into doing or not doing things? Why what we predict may sometimes be different from what happens in actuality?
Traditional economics claims humans are rational actors. But is this true? Think about the last time you bought something expensive. Was that item really the best choice based on value and utility? We all fall prey to irrationality and biases and make decisions based on them. This contradicts the wisdom of traditional economics.
Outsmart Your Brain challenges everyday wisdom with the help of psychology and economics, commonly known as behavioral economics. Here, you’ll find offers a counter-intuitive answer to emotion-driven questions.
This book is for those who don’t fear reality, have an inquisitive nature, enjoy challenges, like to know the real motivations of human nature, and like to outsmart their brains intentionally!
This audiobook will help you understand:
-Why smart people make irrational decisions so often
-Why people value some things more than others
-How to use incentives to actually achieve what you want
-What is the role that dopamine plays in your decision making to be more vigilant about your snap judgments
-How to get around your natural biases related to loss, ownership, and risk
The compilation of experiments and studies mixed with the author’s wit will shift your understanding of human behavior.
Why is this important?
By recognizing the biases mentioned in this audiobook, you can:
-Take better decisions - be it in business, personal life, or community
-Avoid the serious consequences that certain biases lead us into
-Identify how people think, so you can help others make choices that are really the best for them
-Learn the difference between perceived risks and actual high-risks and use this knowledge to your advantage
