Irrationally Rational

Irrationally Rational

Author: Viswanathan Raghunathan

Publisher: Penguin Random House India Private Limited

Published: 2022-04-30

Total Pages: 315

ISBN-13: 9354926002

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You and your friend each have flights to catch at 8 p.m. and your destination cities are different. You decide to share a cab, but get caught in a rare traffic jam lasting several hours. You end up at the airport around midnight, and surely enough, both of you miss your flights. All quantifiable consequences of missing the flights-cost of tickets cancellation, paying for a new ticket, taking a cab back to the city, overnight stay, taking a cab back to the airport next morning, etc.-are expectedly identical for both. Now suppose the airline assistant tells you, 'Sorry, your flight left as scheduled at 8 p.m. sharp.' But your friend is told, 'Oh, how very unfortunate. Your flight was almost four hours late and only just departed!' Who feels the greater disappointment? You or your friend? Neoclassical economics tells us that because both individuals are assumed rational, their regret levels ought to be identical since their economic consequences are identical. Behavioural economists, however, combine psychology with economics, and focus on how real people, with their cognitive biases, actually behave. The friend who just missed the flight does indeed experience greater disappointment than the one who missed the flight by a margin of four hours. Does that make one or the other irrational? Irrationally Rational takes you through the journey of such rationality-irrationality arguments, showing why economics shorn of psychology may be incomplete. It is the first book of its kind, collating the works of ten Nobel Laureates largely responsible for the rise of behavioural economics, that makes understanding behavioural economics more fun and accessible.


Book Synopsis Irrationally Rational by : Viswanathan Raghunathan

Download or read book Irrationally Rational written by Viswanathan Raghunathan and published by Penguin Random House India Private Limited. This book was released on 2022-04-30 with total page 315 pages. Available in PDF, EPUB and Kindle. Book excerpt: You and your friend each have flights to catch at 8 p.m. and your destination cities are different. You decide to share a cab, but get caught in a rare traffic jam lasting several hours. You end up at the airport around midnight, and surely enough, both of you miss your flights. All quantifiable consequences of missing the flights-cost of tickets cancellation, paying for a new ticket, taking a cab back to the city, overnight stay, taking a cab back to the airport next morning, etc.-are expectedly identical for both. Now suppose the airline assistant tells you, 'Sorry, your flight left as scheduled at 8 p.m. sharp.' But your friend is told, 'Oh, how very unfortunate. Your flight was almost four hours late and only just departed!' Who feels the greater disappointment? You or your friend? Neoclassical economics tells us that because both individuals are assumed rational, their regret levels ought to be identical since their economic consequences are identical. Behavioural economists, however, combine psychology with economics, and focus on how real people, with their cognitive biases, actually behave. The friend who just missed the flight does indeed experience greater disappointment than the one who missed the flight by a margin of four hours. Does that make one or the other irrational? Irrationally Rational takes you through the journey of such rationality-irrationality arguments, showing why economics shorn of psychology may be incomplete. It is the first book of its kind, collating the works of ten Nobel Laureates largely responsible for the rise of behavioural economics, that makes understanding behavioural economics more fun and accessible.

Predictably Irrational

Predictably Irrational

Author: Dan Ariely

Publisher: Harper Collins

Published: 2008-02

Total Pages: 310

ISBN-13: 006135323X

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Intelligent, lively, humorous, and thoroughly engaging, "The Predictably Irrational" explains why people often make bad decisions and what can be done about it.


Book Synopsis Predictably Irrational by : Dan Ariely

Download or read book Predictably Irrational written by Dan Ariely and published by Harper Collins. This book was released on 2008-02 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: Intelligent, lively, humorous, and thoroughly engaging, "The Predictably Irrational" explains why people often make bad decisions and what can be done about it.

Irrationally Rational

Irrationally Rational

Author: Viswanathan Raghunathan

Publisher: India Viking

Published: 2022-08-15

Total Pages: 328

ISBN-13: 9780670095995

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In recent times, behavioral economics has become a household term. Irrationally Rational, written by V. Raghunathan, explores and explains behavioral economics in an accessible manner to the general readership. It captures the key works of the Nobel prize-winners who have contributed significantly to the evolution of behavioral economics, and will bring readers up to speed on how behavioral economics has come to eclipse, if not supplant neoclassical economics over the decades. In telling the story of the evolution of 'human irrationality', the book will also help readers understand where human psychology stands on the rationality-irrationality continuum.


Book Synopsis Irrationally Rational by : Viswanathan Raghunathan

Download or read book Irrationally Rational written by Viswanathan Raghunathan and published by India Viking. This book was released on 2022-08-15 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent times, behavioral economics has become a household term. Irrationally Rational, written by V. Raghunathan, explores and explains behavioral economics in an accessible manner to the general readership. It captures the key works of the Nobel prize-winners who have contributed significantly to the evolution of behavioral economics, and will bring readers up to speed on how behavioral economics has come to eclipse, if not supplant neoclassical economics over the decades. In telling the story of the evolution of 'human irrationality', the book will also help readers understand where human psychology stands on the rationality-irrationality continuum.

Irrationality

Irrationality

Author: Justin E. H. Smith

Publisher: Princeton University Press

Published: 2020-12-08

Total Pages: 352

ISBN-13: 0691210519

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"What every leader needs to know about dignity and how to create a culture in which everyone thrives. This landmark book from an expert in dignity studies explores the essential but under-recognized role of dignity as part of good leadership. Extending the reach of her award-winning book Dignity: Its Essential Role in Resolving Conflict, Donna Hicks now contributes a specific, practical guide to achieving a culture of dignity. Most people know very little about dignity, the author has found, and when leaders fail to respect the dignity of others, conflict and distrust ensue. She highlights three components of leading with dignity: what one must know in order to honor dignity and avoid violating it; what one must do to lead with dignity; and how one can create a culture of dignity in any organization, whether corporate, religious, governmental, healthcare, or beyond. Brimming with key research findings, real-life case studies, and workable recommendations, this book fills an important gap in our understanding of how best to be together in a conflict-ridden world."--


Book Synopsis Irrationality by : Justin E. H. Smith

Download or read book Irrationality written by Justin E. H. Smith and published by Princeton University Press. This book was released on 2020-12-08 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: "What every leader needs to know about dignity and how to create a culture in which everyone thrives. This landmark book from an expert in dignity studies explores the essential but under-recognized role of dignity as part of good leadership. Extending the reach of her award-winning book Dignity: Its Essential Role in Resolving Conflict, Donna Hicks now contributes a specific, practical guide to achieving a culture of dignity. Most people know very little about dignity, the author has found, and when leaders fail to respect the dignity of others, conflict and distrust ensue. She highlights three components of leading with dignity: what one must know in order to honor dignity and avoid violating it; what one must do to lead with dignity; and how one can create a culture of dignity in any organization, whether corporate, religious, governmental, healthcare, or beyond. Brimming with key research findings, real-life case studies, and workable recommendations, this book fills an important gap in our understanding of how best to be together in a conflict-ridden world."--

Irrationality

Irrationality

Author: Stuart Sutherland

Publisher:

Published: 2013

Total Pages: 454

ISBN-13: 9781780660288

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New, 21st anniversary edition, with a new foreword by Ben Goldacre, author of Bad Science and Bad Pharma, and an afterword by James Ball, covering developments in our understanding of irrationality over the last two decades. Why do doctors, army generals, high-ranking government officials and other people in positions of power make bad decisions that cause harm to others? Why do prizes serve no useful function? Why are punishments so ineffective? Why is interviewing such an unsatisfactory method of selection? Irrationality is a challenging and thought-provoking book that draws on statistica.


Book Synopsis Irrationality by : Stuart Sutherland

Download or read book Irrationality written by Stuart Sutherland and published by . This book was released on 2013 with total page 454 pages. Available in PDF, EPUB and Kindle. Book excerpt: New, 21st anniversary edition, with a new foreword by Ben Goldacre, author of Bad Science and Bad Pharma, and an afterword by James Ball, covering developments in our understanding of irrationality over the last two decades. Why do doctors, army generals, high-ranking government officials and other people in positions of power make bad decisions that cause harm to others? Why do prizes serve no useful function? Why are punishments so ineffective? Why is interviewing such an unsatisfactory method of selection? Irrationality is a challenging and thought-provoking book that draws on statistica.

Irrationally Yours

Irrationally Yours

Author: Dr. Dan Ariely

Publisher: HarperCollins

Published: 2015-05-19

Total Pages: 223

ISBN-13: 006238001X

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Three-time New York Times bestselling author Dan Ariely teams up with legendary The New Yorker cartoonist William Haefeli to present an expanded, illustrated collection of his immensely popularWall Street Journal advice column, “Ask Ariely”. Behavioral economist Dan Ariely revolutionized the way we think about ourselves, our minds, and our actions in his books Predictably Irrational, The Upside of Irrationality, and The Honest Truth about Dishonesty. Ariely applies this scientific analysis of the human condition in his “Ask Ariely” Q & A column in the Wall Street Journal, in which he responds to readers who write in with personal conundrums ranging from the serious to the curious: What can you do to stay calm when you’re playing the volatile stock market? What’s the best way to get someone to stop smoking? How can you maximize the return on your investment at an all-you-can-eat buffet? Is it possible to put a price on the human soul? Can you ever rationally justify spending thousands of dollars on a Rolex? In Ask Ariely, a broad variety of economic, ethical, and emotional dilemmas are explored and addressed through text and images. Using their trademark insight and wit, Ariely and Haefeli help us reflect on how we can reason our way through external and internal challenges. Readers will laugh, learn, and most importantly gain a new perspective on how to deal with the inevitable problems that plague our daily life.


Book Synopsis Irrationally Yours by : Dr. Dan Ariely

Download or read book Irrationally Yours written by Dr. Dan Ariely and published by HarperCollins. This book was released on 2015-05-19 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: Three-time New York Times bestselling author Dan Ariely teams up with legendary The New Yorker cartoonist William Haefeli to present an expanded, illustrated collection of his immensely popularWall Street Journal advice column, “Ask Ariely”. Behavioral economist Dan Ariely revolutionized the way we think about ourselves, our minds, and our actions in his books Predictably Irrational, The Upside of Irrationality, and The Honest Truth about Dishonesty. Ariely applies this scientific analysis of the human condition in his “Ask Ariely” Q & A column in the Wall Street Journal, in which he responds to readers who write in with personal conundrums ranging from the serious to the curious: What can you do to stay calm when you’re playing the volatile stock market? What’s the best way to get someone to stop smoking? How can you maximize the return on your investment at an all-you-can-eat buffet? Is it possible to put a price on the human soul? Can you ever rationally justify spending thousands of dollars on a Rolex? In Ask Ariely, a broad variety of economic, ethical, and emotional dilemmas are explored and addressed through text and images. Using their trademark insight and wit, Ariely and Haefeli help us reflect on how we can reason our way through external and internal challenges. Readers will laugh, learn, and most importantly gain a new perspective on how to deal with the inevitable problems that plague our daily life.

Between Rationality and Irrationality

Between Rationality and Irrationality

Author: Mordechai Rotenberg

Publisher: Routledge

Published: 2017-09-29

Total Pages: 184

ISBN-13: 1351314033

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Jewish Scriptural interpretation entails a potential therapeutic bridge between the rational-material and the irrational-mystic in the world of psychotherapy. PaRDeS, as this system is known, is derived from the following concepts. "P" denotes peshat, the plain interpretation of the text, which translates into a rational interpretation of life. "R" symbolizes remez, hinting at a related religious concept, which becomes a symbolic view of life. "D" stands for derash, the homiletic way of interpreting a text, or a narrative reading of life. And "S" represents sod, or the mystery behind an idea, which in psychological terms becomes a mystic understanding of life. Mordechai Rotenberg believes that it is by engaging readings in a "dialogue" with each other, as in the Jewish hermeneutic tradition, the psychology underlying one's existence may be more readily understood. While Rotenberg acknowledges that it is legitimate to focus on one cognitive-rational or one narrative-storytelling therapeutic method in the course of therapy, he argues that a comprehensive theory of psychotherapy should include treatment possibilities for both rational and irrational manifestations of behavior, thereby engulfing all aspects of human behavior. For Rotenberg, a person's life becomes the "text," subject to being read and interpreted. If that person wishes to change his or her behavior via psychotherapy, then a hermeneutic system must be employed to understand that person's life. However, many systems interpret a person's life according to the particular theory espoused by the therapist. Rotenberg, in contrast, introduces a balanced theory bridging the rational and the irrational. Between Rationality and Irrationality emphasizes that it is more important for a therapist to learn his client's own "language" than to impose his own doctrinaire interpretation. This edition includes a new introduction by the author, as well as an appendix explicating an original psychological interpretation of PaRDeS


Book Synopsis Between Rationality and Irrationality by : Mordechai Rotenberg

Download or read book Between Rationality and Irrationality written by Mordechai Rotenberg and published by Routledge. This book was released on 2017-09-29 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: Jewish Scriptural interpretation entails a potential therapeutic bridge between the rational-material and the irrational-mystic in the world of psychotherapy. PaRDeS, as this system is known, is derived from the following concepts. "P" denotes peshat, the plain interpretation of the text, which translates into a rational interpretation of life. "R" symbolizes remez, hinting at a related religious concept, which becomes a symbolic view of life. "D" stands for derash, the homiletic way of interpreting a text, or a narrative reading of life. And "S" represents sod, or the mystery behind an idea, which in psychological terms becomes a mystic understanding of life. Mordechai Rotenberg believes that it is by engaging readings in a "dialogue" with each other, as in the Jewish hermeneutic tradition, the psychology underlying one's existence may be more readily understood. While Rotenberg acknowledges that it is legitimate to focus on one cognitive-rational or one narrative-storytelling therapeutic method in the course of therapy, he argues that a comprehensive theory of psychotherapy should include treatment possibilities for both rational and irrational manifestations of behavior, thereby engulfing all aspects of human behavior. For Rotenberg, a person's life becomes the "text," subject to being read and interpreted. If that person wishes to change his or her behavior via psychotherapy, then a hermeneutic system must be employed to understand that person's life. However, many systems interpret a person's life according to the particular theory espoused by the therapist. Rotenberg, in contrast, introduces a balanced theory bridging the rational and the irrational. Between Rationality and Irrationality emphasizes that it is more important for a therapist to learn his client's own "language" than to impose his own doctrinaire interpretation. This edition includes a new introduction by the author, as well as an appendix explicating an original psychological interpretation of PaRDeS

Bioethics

Bioethics

Author: Bernard Gert

Publisher: Oxford University Press, USA

Published: 1997

Total Pages: 342

ISBN-13: 0195114302

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An updated and expanded successor to Culver and Gert's Philosophy in Medicine, this book integrates moral philosophy with clinical medicine to present a comprehensive summary of the theory, concepts, and lines of reasoning underlying the field of bioethics. Rather than concentrating narrowly on bioethics and investigating moral philosophy only marginally, the authors provide an explicit account of common morality and show how it applies to and is modified by the realities of clinical medicine. Such broader knowledge finds its specific practical application when one attempts to resolve the more complex and difficult cases. This book does not attempt to settle all controversial matters, but rather provides an ethical framework that various parties to the dispute can accept and use as a basis for reaching agreement. Thus, the authors' main goal is to facilitate ethical discussion. Their detailed analyses of death and disease maintain the theoretical objectivity of these concepts while recognizing their central role in social and medical practices. They also provide in-depth discussions of the central concepts and issues in bioethics: competence, consent, justification for moral rule violations, and confidentiality. Paternalism, one of the most pervasive problems in clinical medicine, is accorded special attention. All these concepts have been integrated and systematically grounded within common morality. The book is richly illustrated with discussions of clinical cases. The authors explicitly compare their position with other accounts of bioethics such as principlism, casuistry, and virtue theory. Their discussion of euthanasia and physician-assisted suicide clarifies and evaluates the recent legal decisions on these topics. The arguments throughout the volume stand out with characteristic clarity and cogency. A fresh and all-encompassing approach to bioethics that does not shy away from controversy, Bioethics: A Return to Fundamentals will interest not only students in philosophy of medicine and medical ethics courses, but also moral philosophers and bioethicists, as well as doctors, nurses, and other health care professionals.


Book Synopsis Bioethics by : Bernard Gert

Download or read book Bioethics written by Bernard Gert and published by Oxford University Press, USA. This book was released on 1997 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: An updated and expanded successor to Culver and Gert's Philosophy in Medicine, this book integrates moral philosophy with clinical medicine to present a comprehensive summary of the theory, concepts, and lines of reasoning underlying the field of bioethics. Rather than concentrating narrowly on bioethics and investigating moral philosophy only marginally, the authors provide an explicit account of common morality and show how it applies to and is modified by the realities of clinical medicine. Such broader knowledge finds its specific practical application when one attempts to resolve the more complex and difficult cases. This book does not attempt to settle all controversial matters, but rather provides an ethical framework that various parties to the dispute can accept and use as a basis for reaching agreement. Thus, the authors' main goal is to facilitate ethical discussion. Their detailed analyses of death and disease maintain the theoretical objectivity of these concepts while recognizing their central role in social and medical practices. They also provide in-depth discussions of the central concepts and issues in bioethics: competence, consent, justification for moral rule violations, and confidentiality. Paternalism, one of the most pervasive problems in clinical medicine, is accorded special attention. All these concepts have been integrated and systematically grounded within common morality. The book is richly illustrated with discussions of clinical cases. The authors explicitly compare their position with other accounts of bioethics such as principlism, casuistry, and virtue theory. Their discussion of euthanasia and physician-assisted suicide clarifies and evaluates the recent legal decisions on these topics. The arguments throughout the volume stand out with characteristic clarity and cogency. A fresh and all-encompassing approach to bioethics that does not shy away from controversy, Bioethics: A Return to Fundamentals will interest not only students in philosophy of medicine and medical ethics courses, but also moral philosophers and bioethicists, as well as doctors, nurses, and other health care professionals.

Negotiating Rationally

Negotiating Rationally

Author: Max H. Bazerman

Publisher: Simon and Schuster

Published: 1994-01-01

Total Pages: 196

ISBN-13: 1439106835

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In Negotiating Rationally, Max Bazerman and Margaret Neale explain how to avoid the pitfalls of irrationality and gain the upper hand in negotiations. For example, managers tend to be overconfident, to recklessly escalate previous commitments, and fail to consider the tactics of the other party. Drawing on their research, the authors show how we are prisoners of our own assumptions. They identify strategies to avoid these pitfalls in negotiating by concentrating on opponents’ behavior and developing the ability to recognize individual limitations and biases. They explain how to think rationally about the choice of reaching an agreement versus reaching an impasse. A must read for business professionals.


Book Synopsis Negotiating Rationally by : Max H. Bazerman

Download or read book Negotiating Rationally written by Max H. Bazerman and published by Simon and Schuster. This book was released on 1994-01-01 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Negotiating Rationally, Max Bazerman and Margaret Neale explain how to avoid the pitfalls of irrationality and gain the upper hand in negotiations. For example, managers tend to be overconfident, to recklessly escalate previous commitments, and fail to consider the tactics of the other party. Drawing on their research, the authors show how we are prisoners of our own assumptions. They identify strategies to avoid these pitfalls in negotiating by concentrating on opponents’ behavior and developing the ability to recognize individual limitations and biases. They explain how to think rationally about the choice of reaching an agreement versus reaching an impasse. A must read for business professionals.

Markets against Modernity

Markets against Modernity

Author: Ryan H. Murphy

Publisher: Rowman & Littlefield

Published: 2019-11-08

Total Pages: 231

ISBN-13: 1498591191

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In Markets Against Modernity, economist Ryan Murphy documents a clear continuity between the systematic errors people make in their personal lives and the gaps between public opinion and informed opinion. These errors cluster around specific divergences between how the modern world’s institutions function—including global markets, pluralistic democracy, and even science itself—and how evolution trained our brains to understand the nature of economic relationships, social relationships, and humanity’s relationship to the physical world. Murphy calls these systematic divergences Ecological Irrationality. Exploring them leads him to even more prickly questions—and to conclusions that may challenge the beliefs of those who understand that, for instance, modern vaccines are safe and effective. Do we actually want a less cohesive society? Is doing a task yourself financially prudent? And if we recognize an expert consensus, is there even a way to implement it and achieve the desired effects?


Book Synopsis Markets against Modernity by : Ryan H. Murphy

Download or read book Markets against Modernity written by Ryan H. Murphy and published by Rowman & Littlefield. This book was released on 2019-11-08 with total page 231 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Markets Against Modernity, economist Ryan Murphy documents a clear continuity between the systematic errors people make in their personal lives and the gaps between public opinion and informed opinion. These errors cluster around specific divergences between how the modern world’s institutions function—including global markets, pluralistic democracy, and even science itself—and how evolution trained our brains to understand the nature of economic relationships, social relationships, and humanity’s relationship to the physical world. Murphy calls these systematic divergences Ecological Irrationality. Exploring them leads him to even more prickly questions—and to conclusions that may challenge the beliefs of those who understand that, for instance, modern vaccines are safe and effective. Do we actually want a less cohesive society? Is doing a task yourself financially prudent? And if we recognize an expert consensus, is there even a way to implement it and achieve the desired effects?