Episode 51: What Is Behavioral Economics? - features renowned behavioral economist Dan Ariely as he unpacks the forces behind our purchasing choices and personal decisions.

Episode Summary: This episode of The Simple Questions Podcast features a conversation with Dan Ariely, the celebrated behavioral economist and three-time New York Times–bestselling author of Predictably Irrational, The Upside of Irrationality, and The Honest Truth About Dishonesty.

Listen as Dan shares captivating stories from his Duke University research lab, practical strategies for applying behavioral economics in business and personal life.

In this episode we discuss:

00:29 - Introducing Dan Ariely
01:32 - Becoming a Behavioral Economist
05:11 - Behavioral Economics vs Classic Economics
10:33 - Psychological Factors That Impact Decision Making
21:01 - Strategies Businesses Use
26:49 - Personal Beliefs
37:18 - Voting for Politicians
43:07 - Advice for Others

47:31 - Learning More
48:35 - Conclusion

Resources:

This episode includes the track 'RSPN' by Blank & Kytt. The song is used under the Creative Commons Attribution 3.0 Unported License. You can find more of Blank & Kytt's music ⁠⁠⁠⁠⁠⁠here