Showing posts with label behavioral economics. Show all posts
Showing posts with label behavioral economics. Show all posts

Wednesday, June 27, 2012

The (Honest) Truth about Dishonesty by Dan Ariely

The good news is that I only recommend Dan Ariely’s new book The Honest Truth About Dishonesty: How We Lie to Everyone---Especially Ourselves to those of us who lie or cheat. The bad news is that this immoral group includes all of us, yes even you… and your family… and your co-workers… and your elderly neighbors… and your academic instructors, politicians (how shocking!), dentists, doctors… you get the idea.

While Dishonesty will certainly not be considered the “feel good” book of the summer, it represents a very important work in the field of behavioral economics which is the culmination of dozens of experiments and studies that have been performed by the author and his fellow researchers.
For the very few of you who may not be familiar with Ariely, he is the James B. Duke Professor of Psychology and Behavior Economics at Duke University and the author of two past best sellers; Predictably Irrational and The Upside of Irrationality .

In Dishonesty, Ariely answers some very difficult questions such as; why/how do people act dishonestly and how can we prevent these acts. He starts by exploring the Simple Model of Rational Crime (SMORC) which attempts to explain the how we decide if and when we will act dishonestly. The premise of the book is that many factors and situations need to be taken into account to understand when and why people are dishonest and the bulk of the chapters are dedicated to exploring specific situations.