The Psychology of Decision-Making

This chapter delves into the brain's role in decision-making, focusing on dopamine and its influence on immediate versus long-term outcomes. It highlights how cognitive biases, illustrated by the 2008 housing crisis, can lead to irrational choices and examines strategies, like the Ulysses contract, to resist temptations. Real-life examples underscore the interplay between biology and decision-making, revealing how external factors can sway judgment.