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#33 Dan Ariely: The Truth About Lies

The Knowledge Project with Shane Parrish

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Studying Decision Making Can Help You Make Better Decisions

Safist says studying decision making helps a lot. Small decisions, like buying coffee, are influenced by decoy effect. Big decisions that we stop and think about - such as buying a house or having kids. Habits can be just as important as big decisions if you make them enough times. People who understand the importance of environment spend a lot of time thinking about what environment would maximise a better behavior.

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