Psychology Expert Reveals Why We Make Irrational Decisions | DAN ARIELY #275

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. 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. Check Out More of Dan’s Content Here 👇 💻 https://danariely.com/ 📖 Misbelief - https://misbeliefbook.com/ 🎙️ The Upside of Down Podcast 👉 https://danariely.com/the-upside-of-down/ ℹ️ LinkedIn 👉 https://www.linkedin.com/in/danariely/ 📺 YT 👉 https://www.youtube.com/@danariely 🖥️ FB 👉 https://www.facebook.com/DanArielyOfficial ⌨️ Twitter 👉 https://twitter.com/danariely 📲 IG 👉 https://www.instagram.com/danariely/ Timestamps: 00:00 Introduction to Dan 01:45 Standard economics vs. Behavioral economics 06:15 Finding Life fulfillment  09:45 The simple questions in life 10:35 The last moments of our lives 13:50 The education system: Path of least resistance 17:35 The education system: command and control and experiments 19:10 Millionaire statistics 22:00 Taking on risks 28:25 The half a beard 33:35 The accident as a place to observe 37:20 Autonomy and meaning 45:20 Having Ideas 53:50 Where to find Dan