Dollars and Sense Summary | A book by Dan Ariely & Jeff KreislerAriely, Dan, et al. Dollars and sense : how we misthink money and how to spend smarter. HarperCollinsPublishers, Duke Professor of Psychology and Behavioral Economics at Duke University, teams up with Jeff Kreisler, attorney, author and comedian, to examine our irrational thinking and behavior with respect to money. It is divided into three sections: how we define money, how we mis -assess value, and how we can think more clearly about money.
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Author: Dan Ariely. How to Download Follow Twitter. We think of money as numbers, values, and amounts, but when it comes down to it, when we actually use our money, we engage our hearts more than our heads. Emotions play a powerful role in shaping our financial behavior, often making us our own worst enemies as we try to save, access value, and spend responsibly. In Dollars and Sense, bestselling author and behavioral economist Dan Ariely teams up with financial comedian and writer Jeff Kreisler to challenge many of our most basic assumptions about the precarious relationship between our brains and our money. Together Ariely and Kreisler reveal the emotional forces working against us and how we can counteract them.
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Blending humor and behavioral economics, the New York Times bestselling author of Predictably Irrational delves into the truly illogical world of personal finance to help people better understand why they make bad financial decisions, and gives them the knowledge they need to make better ones. Why does paying for things often feel like it causes physical pain? Why does it cost you money to act as your own real estate agent? In Dollars and Sense , world renowned economist Dan Ariely answers these intriguing questions and many more as he explains how our irrational behavior often interferes with our best intentions when it comes to managing our finances. Partnering with financial comedian and writer Jeff Kreisler, Ariely takes us deep inside our minds to expose the hidden motivations that are secretly driving our choices about money. Exploring a wide range of everyday topics—from credit card debt and household budgeting to holiday sales—Ariely and Kreisler demonstrate how our ideas about dollars and cents are often wrong and cost us more than we know.
In full disclosure , Dollars and Sense was provided to us for review by a HarperCollins representative, however, we received no monetary compensation. The following opinions, poorly written or unorganized as they may be, are mine and mine alone to have concluded. The answers to these questions should be exactly the same. They are mathematically, economically, and supercomputerly the same question. We are, however, much more likely to say yes to question 1 than to question 2. Because question 2 highlights the losss aspect of the situation—losing 20 percent. If you want to learn about the psychology behind why you and I make so many dumb decisions when it comes to spending and not?