Predictability Irrational and the People's Control of Making Decisions

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Week 10 Discussion
Question 1
Standard economic theory states that humans are rational in making decisions and acting upon them. However, Dr. Dan Ariely denies this fact and posits that most of the time, we are irrational but not in a chaotic way. He says that our behavior is never random because we tend to repeat the same mistake repeatedly, and a person cannot term this random. After reading half of “Predictability Irrational,” have realized how irrational humans are in their life. According to the author, he proves that people commit simple mistakes and repeat these faults daily. For example, Ariely says that we neglect certain items when shopping in addition to expenses and general duties during this eventual exercise. Therefore, the author denies that nothing of the misguided d...