![]() This happens when we believe something is good (or bad) on the basis of our own previous behaviour. “But there’s also another kind of herding, one that we call self-herding. While not quite as immersive as Freakonomics (and arguably a bit drier), it is perhaps more applicable to unconscious consumers – and that means most of us. It’s also a reasonable primer in learning to read statistics and think beyond news headlines critically. This is a book for marketers, clearly, but also statisticians, students, and anyone even vaguely interested in the forces of influence. Why do we overvalue the things we sell, but undervalue how much we’re prepared to pay others? Do fancy napkins make food seem tastier and, therefore, worth paying more more for? Why do we love free offers? If this sounds invasive, there’s a reason.Īriely’s research is all about the subtle ways peer groups, advertisers and even social environment affects our choices – all the things which make people ‘predictably irrational’. ![]() It can cause them to take more risks, or to ignore personal morals – and the law. ![]() It turns out being aroused changes the way people answer questions. They do this twice, both in non-aroused and aroused states. One chapter of Predictably Irrational sees Ariely get 25 college guys to take a survey on sexual preferences and boundaries. Do nice napkins make coffee taste better? Predictably Irrational examines the mysteries of human behaviour. ![]()
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