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The Hidden Forces That Shape Our Decisions Presented by : Bob Brown Heidi Wright Tammi Thompson Introduction What happened? Source: http://www.predictablyirrational.com/?page_id=113 1 Observation 2 Altered thinking Texas A&M University - Commerce Introduction Source: http://www.predictablyirrational.com/?page_id=113 “What are these deeply held beliefs that people have that are actually wrong?” Texas A&M University - Commerce The Truth about Relativity Texas A&M University - Commerce The Truth about Relativity Texas A&M University - Commerce The Cost of Zero Cost What is it about zero cost that is so irresistible? Texas A&M University - Commerce The Problem of Procrastination and Self-Control For Tomorrow PROCRASTINATION Texas A&M University - Commerce The Power of Price How does suggestion influence us? Is a 50 cent aspirin more effective than a 1 cent aspirin? Texas A&M University - Commerce The Context of Our Character Why are we dishonest? Texas A&M University - Commerce Context of our Character Is a little cheating okay? Texas A&M University - Commerce The High Price of Ownership BUYER SELLER Texas A&M University - Commerce Why do we overvalue what we have? Beer & Free Lunches What is Behavioral Economics and where are the free lunches? Texas A&M University - Commerce