Our irrationality

In this video, Dan Ariely talks about how our mind is limited in the same way as other faculties (vision etc) are, and is as susceptible, if not more, to make mistake and irrational decisions than we make mistakes in vision related tasks. Some examples:

  • If there are three options (A, A-, B) where A- is dominated by A, then the choice people make are from (A, B). But if only two options (A, B) are provided, their choices differ greatly.

For more examples, watch the video!🙂