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

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.