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417: Dan Ariely | The Hidden Logic That Shapes Our Motivations
The Jordan Harbinger Show
Understanding the Inaccurate Model of Human Behavior That Shapes Our Regulations
The problem lies in our inaccurate model of human behavior. We design the world and create rules based on this flawed model. If we understood reality better, we could set up systems more effectively. Not everyone on Wall Street is a psychopath; many are rationalizing their actions. They believe everyone else is doing it too, and they are just following their fiduciary responsibility. We fail to regulate stories and instead focus on planned dishonesty, neglecting conflicts of interest. This leads to slippery slopes.
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