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Predictably Irrational Analysis

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This week’s reading Predictably Irrational was very valuable, and informative. While coming up with so many ways of thinking when it comes to behavior, I had no idea even existed. We talked last week about being rational, but this week and this week’s reading it discussed more about irrational, and predictable behavior. At the end of this summary I hope to have showed and understand the difference when it comes to irrational and predictable theories that can disrupt behavior, and decision making.
When it came down to a specific model I wasn’t quite sure which one we are talking about, because in the book Dan Ariely in my opinion has quite a few different experiment, models that are used to help better understand his argument. The model about …show more content…

When it comes down to rationality you actually do have to make different assumptions. I really don’t like the word assumption, because that means to me an individual opinion, not an evident fact. Again though surveys that are used though with the sexual arousal model allows us humans to use our senses that can dictate our emotions to make the best decision possible. You can say the same thing for the word predictions, because that isn’t a fact, it’s an opinion for what’s to come in the future. More religious people fall in this category in my opinion, and also I feel fall under predictably irrational behavior. Maybe religion in general has been a big the reason for the difference in decision making. We have parents who are supposed to discipline us when we do the wrong thing. Well first not everyone has the same right and wrong system, and punishment coming from other than parents or guardians, just doesn’t seem like true punishment. Even this parents and guardians eventually forgive us, but in a religious stand point no one human can say their God has punished them for this …show more content…

The first chapter I enjoyed was chapter 10, “The Power of Price.” The chapter talked about experiments suggest that more expensive things, higher perceived value have a better placebo effect. The experiment is where the people drank an energy drink, and those who had the more expensive version did better in a puzzle. However, the group who had the drink whose bottle specifically said that it helps people do better in puzzles, they actually did better than the group with the blank bottle. To me that showed me just how pictures and the things we see really do impact our decision making. If we see a name brand energy drink compared to a knock off brand energy drink does the name brand energy work better? I have been in those situations where I have felt a Red Bull did better than a monster energy drink, just because the Red Bull is more expensive. Both energy drinks in my opinion work the same, and to be honest who is to say they aren’t the same drink? I can just be different price and

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