Psychology Expert Reveals Why We Make Irrational Decisions | DAN ARIELY [Video]

Join me in this new episode of Unlock Your Potential featuring Dan Ariely, renowned professor of psychology and behavioral economics, and a founding member of The Center for Advanced Hindsight.

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We start this episode by diving into the difference between standard economics and behavioral economics, explained right from our expert guest. We also explore the irrational decisions people make every day and their relevance to the world of entrepreneurship.

Halfway through, we discuss the essential ingredients for success: taking risks, trying different things, and stopping wasting time on things that don’t work.

As we approach the end, Dan and I tackle a common myth surrounding entrepreneurship: the belief that a groundbreaking, never-seen-before idea is the key to success.

I hope you enjoy this episode and learn a little about why we make irrational decisions and how you can find opportunities there to make an impact in the world.

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Timestamps:
00:00 Coming Up
00:50 Introduction to Dan
02:30 Standard economics vs. Behavioral economics
06:45 Finding Life fulfillment
10:30 The simple questions in life
11:15 The last moments of our lives
14:30 The education system: Path of least resistance
18:15 The education system: command and control and experiments
19:50 Millionaire statistics
22:45 Taking on risks
29:05 The half a beard
34:15 The accident as a place to observe
38:00 Autonomy and meaning
46:00 Having Ideas
54:30 Where to find Dan

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The information contained on this YouTube Channel and the resources available for download/viewing through this YouTube Channel are for educational and informational purposes only.​ Jeff is a professional Internet marketer and his results are not typical. Any business involves risk and should not be undertaken by anyone who does not willingly accept that risk.