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Tag: choice

Your Future-Self is Better at Taking Risks

Confronted with risks and gambles, people often make irrational decisions. This is no surprise—but what makes many of these errors in rationality so interesting is that we make them systematically. We are, to steal Dan Ariely’s words, predictably irrational.  One well-researched phenomenon is loss-aversion. Simply put, we prefer to avoid losses more than we enjoy equivalent…

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The Problem and Solution to Freedom of Choice

With unlimited choice comes unlimited ways to be disappointed. The Fox and the Cat is an ancient fable that highlights this point. In the story, the fox brags of his many tactics and maneuvers of escape, while the cat can only confess to having one. However, as hunters show up with their hounds, the cat quickly…

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