oter

We are influenced by external factors when making choices from "summary" of The Art of Choosing by Sheena Iyengar

When faced with a choice, we often like to believe that we are in control of our decisions. We like to think that we carefully weigh the options before us and make a rational choice based on our preferences and values. However, the reality is that our choices are often influenced by external factors that we may not even be aware of. These external factors can shape our decisions in subtle ways, nudging us towards one option over another. One such external factor is the context in which a choice is presented to us. The way a choice is framed can have a significant impact on the decision we ultimately make. For example, a choice presented as a gain is more likely to be chosen than the same choice presented as a loss, even if the options are objectively the same. This framing effect shows how external factors can sway our decisions without us even realizing it. Another external factor that influences our choice...
    Read More
    Continue reading the Microbook on the Oter App. You can also listen to the highlights by choosing micro or macro audio option on the app. Download now to keep learning!
    Similar Posts
    Familiarity breeds liking and trust
    Familiarity breeds liking and trust
    Think about your favorite coffee shop. Why do you keep going back there? It's not just about the coffee - it's the familiarity....
    Religion impacts cultural development
    Religion impacts cultural development
    Religion has played a significant role in shaping the development of human cultures throughout history. It provides a framework...
    Trust is a fragile but essential component of healthy relationships
    Trust is a fragile but essential component of healthy relationships
    Trust is the invisible thread that binds individuals together in healthy relationships. It is delicate and easily broken, yet w...
    Humor can be a powerful persuasion tool
    Humor can be a powerful persuasion tool
    Humor has a unique ability to disarm, engage, and persuade people in ways that traditional forms of communication simply cannot...
    Prospect theory explains decision making under uncertainty
    Prospect theory explains decision making under uncertainty
    Prospect theory provides a framework for understanding how people make decisions when faced with uncertainty. It suggests that ...
    The brain is wired to seek social connections and validation
    The brain is wired to seek social connections and validation
    Our brains are inherently social organs. We are wired to seek out connections with others and to seek validation from them. Thi...
    The potential for behavioral economics to revolutionize traditional economic theories
    The potential for behavioral economics to revolutionize traditional economic theories
    In the world of economics, traditional theories have long been based on the assumption that humans are rational beings who make...
    Mental accounting can impact investment strategies
    Mental accounting can impact investment strategies
    Mental accounting refers to the tendency for individuals to mentally categorize their money into separate accounts based on var...
    Perception: shapes reality
    Perception: shapes reality
    Perception: shapes reality. How we see things, how we interpret them, determines what we believe to be true. Our perception col...
    Be aware of your own biases and prejudices
    Be aware of your own biases and prejudices
    It is essential to recognize that we all have biases and prejudices that can influence our thoughts and actions. These biases a...
    oter

    The Art of Choosing

    Sheena Iyengar

    Open in app
    Now you can listen to your microbooks on-the-go. Download the Oter App on your mobile device and continue making progress towards your goals, no matter where you are.