When you get a checking account, you should have a savings account, and the number for the savings … - Dan Ariely

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Never trust a mechanic who drives new cars. They're either charging too much money for their work, or they can't keep an old car running - maybe both.

Dan Ariely

When you get a checking account, you should have a savings account, and the number for the savings account should be one off of your checking account.

Account, Number, Numbers, Saving, Savings, Should Have

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Big Data is like teenage sex: everyone talks about it, nobody really knows how to do it, everyone thinks everyone else is doing it, so everyone claims they are doing it.

Knows, Like, Sex, Teenage, Witty

We are all far less rational in our decision-making than standard economic theory assumes. Our irrational behaviors are neither random nor senseless: they are systematic and predictable. We all make the same types of mistakes over and over, because of the basic wiring of our brains.

Basic, Brain, Decision, Mistake, Rational, Types

One of the big lessons from behavioral economics is that we make decisions as a function of the environment that we're in.

Decision, Environment, Function, Lessons, Make

We all want explanations for why we behave as we do and for the ways the world around us functions. Even when our feeble explanations have little to do with reality. We’re storytelling creatures by nature, and we tell ourselves story after story until we come up with an explanation that we like and that sounds reasonable enough to believe. And when the story portrays us in a more glowing and positive light, so much the better.

Believe, Enough, Light, Reality, Ways

The major thing that holds you back when you're trying to change a bad habit like eating, smoking, or drinking too much is your belief you are out of control.

Bad, Drinking, Habit, Smoking, Trying