Why do smart people make irrational decisions every day? Why do we repeatedly make the same mistakes when we make our selections? How do our expectations influence our actual opinions and decisions? The answers, as revealed by behavioural economist Professor Dan Ariely of MIT, will surprise you. This event was recorded on 17 March 2008 in the Old Theatre, Old Building at the London School of Economics. It is available as an mp3 file of 17 MB and lasts about 75 minutes.
Video and Audio Lectures in Experimental Economics
Dan Ariely, Duke University
Dan Ariely, author of Predictably Irrational speaks about his work in this video from TED.com. He introduces the idea of experimental testing of economic hypotheses, applying it to experienced utility and to cheating behaviour. He contrasts the experimental results on cheating with what is predicted by rational choice analysis and draws implications for ethics in the financial sphere. User will need a Flash based video player in their browser to view this 16 minute video.
Dan Ariely, Duke University
This is a five minute YouTube video featuring Dan Ariely of Duke University talking about how his experience as patient suffering 70 percent burns led him to explore pain management and question how supposed rational choices can be irrational. It looks at how cognitive psychology can effect choices and behaviour, especially in the sphere of economics. The video is presented as part of the Predictably Irrational website, that promotes Ariely's book of the same title.
