Book Review: Predictably Irrational

Predictably Irrational

Note: This is Book #26 of my 52 Books in 52 Weeks challenge for 2008. I’m at the halfway point and going strong!

It’s only about the middle of the year, but I think Dan Ariely’s Predictably Irrational is a shoe-in for my favorite non-fiction book of 2008. When I was studying psychology one of my favorite topics was judgment and decision-making, which dealt in large part with the kinks in the human mind that could lead us to irrational behavior and decisions. Why are you likely to pay more for something if you are shown a large number completely unrelated to the price? Why do people who read words like “elderly,” “decrepit,” or “senior” tend to walk more slowly when they get up and leave the room? Why does losing a dollar cause us more pain than gaining a dollar gives us pleasure? Why are we more likely to buy a product we’re not even shopping for or don’t even need if we’re given a free sample? And, perhaps most importantly, how do people in the know –people like advertisers, politicians, and psychology graduate students– use these ideosycracities to subtly manipulate us?

These are the kinds of questions that Ariely, a professor at MIT, discusses under the rubric of “behavioral economics.” Each chapter is dedicated to a particular concept, like the anchoring effect, priming, social norms, supply and demand, procrastination, loss avoidance, the effects of price on perception, and the like. Ariely usually chats you up a bit about the concept, then walks you through a scenario or hypothetical situation that invites you to make predictions about human behavior, then comes at you with some findings from scientific research (often experiments that he’s done himself) that turns your assumptions on their little figurative ears.

Ariely’s style is great –conversational, to the point, made relevant to some part of your life, and easy to follow despite navigating some tricky twists of the human psyche. And it’s not just dry recitations of clinical psychology experiments –everything talked about here is ensconced in everyday life. For example, this book should win some award for describing some fascinating research on the effects of sexual arousal on decision making. Let’s just say that it involved naughty pictures, experimenter issued laptops covered in protective Seran Wrap, and answering some very odd questions while in the throes of …well, you know. I’m now more disappointed than ever that all of my extra credit in college psychology classes was never earned from anything so interesting. I just had to look at ink blots and fill out the MMPI over and over again.

Really, anyone with even an ounce of curiosity about how the human mind works –or fails to work– within the context of every day life should find a lot of fascinating material in this book. You should definitely pick it up. And then, preferably, read it.

Others doing the 52-in-52 thing this week:

Published by

3 thoughts on “Book Review: Predictably Irrational

  1. Got a iTunes gift card and bought this book. Enjoying it very much. I’ll tell you, I think Behavioral Economics will give I/O a run for its money as applied to business. There are a lot of books like this out on the market right now. What I like about this one is that it is ‘Sticky’. I’m not sure if you’ve read Made to Stick, but I highly recommend it. Given your passion for writing, I think you’d get a lot out of it.

Comments are closed.