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Tag Archives | Dan Ariely

Supply and Demand

The fallacy of supply & demand

Here is another topic that I want to share with you from the book ‘Predictably Irrational‘ by Dan Ariely. Some of the examples are mine and the errors if any are all mine. The fallacy of supply & demand: Conventional economics would like us to believe that human beings are rational and where supply and […]

Relativity of Price

Relativity of price as explained in Predictably Irrational by Dan Ariely

I thoroughly enjoyed Dan Ariely’s behavioral economics book ‘Predictably Irrational‘ and would like to share some points with you. What I liked was the experiments he conducted in collaboration with other researchers to arrive at empirical results, rather than just hunch and intuition. At times, all an experiment proves is what you already know but […]