Examples of irrational decision-making

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Assignment:

Can you Discuss the experiment you found to be the most surprising and unexpected. In retrospect, can you think of examples when you were unknowingly influenced by such subtle factors? Additionally, or alternatively, can you think of examples when the decisions of others in your everyday life lacked rationality due to what he called "cognitive illusions", but you had been able to detect and avoid being influenced?

  • How and in what ways is this important to consider as a graduate student? Be specific.
  • Finally, how and in what ways may this be relevant to you as you progress professionally?

Ariely (2008) presents ten examples of irrational decision-making. Some are based on rigorous scientific studies while others are small-scale experiments. Perhaps you found some to be amusing, surprising, thought-provoking, predictable, unexpected, or even disturbing.

Discuss the experiment you found to be the most surprising and unexpected. In retrospect, can you think of examples when you were unknowingly influenced by such subtle factors? Additionally, or alternatively, can you think of examples when the decisions of others in your everyday life lacked rationality due to what he called "cognitive illusions", but you had been able to detect and avoid being influenced?

  • How and in what ways is this important to consider as a graduate student? Be specific.
  • Finally, how and in what ways may this be relevant to you as you progress professionally?

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You are responsible for posting a substantive, thoughtful reflection on this topics, including any questions posed by the instructor in the Discussion section. Do not merely summarize what you read, but share your reactions (thoughts, ideas, emotions) and analyze them critically. You should also provide references to the course material, formatted appropriately using APA style.

Reference no: EM133553712

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