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Dollars and Sense: How We Misthink Money and How to Spend Smarter
Dollars and Sense: How We Misthink Money and How to Spend Smarter
Dollars and Sense: How We Misthink Money and How to Spend Smarter
Audiobook9 hours

Dollars and Sense: How We Misthink Money and How to Spend Smarter

Written by Poe and Jeff Kreisler

Narrated by Simon Jones

Rating: 4.5 out of 5 stars

4.5/5

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About this audiobook

Blending humor and behavioral economics, the New York Times bestselling author of Predictably Irrational delves into the truly illogical world of personal finance to help people better understand why they make bad financial decisions, and gives them the knowledge they need to make better ones.

  • Why does paying for things often feel like it causes physical pain?
  • Why does it cost you money to act as your own real estate agent?
  • Why are we comfortable overpaying for something now just because we’ve overpaid for it before?

In Dollars and Sense, world renowned economist Dan Ariely answers these intriguing questions and many more as he explains how our irrational behavior often interferes with our best intentions when it comes to managing our finances. Partnering with financial comedian and writer Jeff Kreisler, Ariely takes us deep inside our minds to expose the hidden motivations that are secretly driving our choices about money.

Exploring a wide range of everyday topics—from credit card debt and household budgeting to holiday sales—Ariely and Kreisler demonstrate how our ideas about dollars and cents are often wrong and cost us more than we know. Mixing case studies and anecdotes with tangible advice and lessons, they cut through the unconscious fears and desires driving our worst financial instincts and teach us how to improve our money habits.

Fascinating, engaging, funny, and essential, Dollars and Sense is a sound investment, providing us with the practical tools we need to understand and improve our financial choices, save and spend smarter, and ultimately live better.

LanguageEnglish
PublisherHarperAudio
Release dateNov 7, 2017
ISBN9780062695376
Author

Poe

Dan Ariely is the James B. Duke Professor of Psychology and Behavioral Economics at Duke University. He is a founding member of the Center for Advanced Hindsight; a cocreator of the film documentary (Dis)Honesty: The Truth About Lies; and a three-time New York Times bestselling author. His books include Predictably Irrational, The Upside of Irrationality, The (Honest) Truth About Dishonesty, Irrationally Yours, Payoff, Dollars and Sense, and Amazing Decisions. His TED Talks have been viewed more than 27 million times. His work has been featured in the New York Times, the Wall Street Journal, the Washington Post, the Boston Globe, and elsewhere. He lives in North Carolina with his family.

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Reviews for Dollars and Sense

Rating: 4.380555546666667 out of 5 stars
4.5/5

180 ratings17 reviews

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  • Rating: 5 out of 5 stars
    5/5
    Dan Ariely always writes in a manor that makes it soo easy to follow along. I come from a Psychology background so all the the things really resonate with my understanding of people, but the beauty of this book is how it puts EVERY topic into real world applications. Making it also very easy to share your findings with loved ones & strangers.

    1 person found this helpful

  • Rating: 5 out of 5 stars
    5/5
    Great book, great information, awesome reader! I highly recommend this book
  • Rating: 4 out of 5 stars
    4/5
    A very educational read. Truly opened up my sense of spending money
  • Rating: 4 out of 5 stars
    4/5
    Good content. Very informative. It helps you realize how the industry is playing you and we are just spending like they want us to .
  • Rating: 5 out of 5 stars
    5/5
    Super! Highly recommend. Very informative read. It opened my brain to new, importante and useful information in managing my income and expenses.
  • Rating: 5 out of 5 stars
    5/5
    Entertaining and easy to follow. The reader is enjoyable as well.
  • Rating: 5 out of 5 stars
    5/5
    Everyone should read this audio book. I love the Narrator.
  • Rating: 4 out of 5 stars
    4/5
    I liked the anecdotes, but honestly expected to learn more.
  • Rating: 5 out of 5 stars
    5/5
    Insightful, engaging, hilarious, thoughtful, and thought provoking. Boring topic excellently unpacked and narrated. Many thanks to the authors.
  • Rating: 5 out of 5 stars
    5/5
    i love this book, makes me aware of my own bias in spending money thanks so much!!
  • Rating: 5 out of 5 stars
    5/5
    Amazing book, because money matter to all of us, I’d recommend the book to every body, this exposes the failing understanding that usually we face when dealing with money
  • Rating: 5 out of 5 stars
    5/5
    Amazing book! Really recommend to anyone who wants to save money and people that are in business.
  • Rating: 5 out of 5 stars
    5/5
    It's great knowledge, amusing and kind of annoying to learn how our perception/brain operates and get us fooled. Simon Jones is a winner narrating this book! Enjoy!!!
  • Rating: 4 out of 5 stars
    4/5
    Great book to keep us focused on the subtle marketing strategies out there and our overall spending habits.
  • Rating: 5 out of 5 stars
    5/5
    A must read book for all new high school grads.
  • Rating: 4 out of 5 stars
    4/5
    This was mildly interesting, but I felt like I already intuitively knew most of what they state in the book. Perhaps that's just because I've always tended to be more responsible with money than most people I know. (Sounds braggish, sorry, but does seem to be true.) I do think a lot of people could get some good pointers from this book, though. The book's style made it more entertaining than it otherwise would've been (the co-author is a comedian, literally). Recommended for those who just never felt like they were "good with money".
  • Rating: 3 out of 5 stars
    3/5
    So - if you know any behavioral economics at all, then you know this. You know about endowment effects. You know about mental accounting. You know about anchoring and the pain of paying. We know this. If you don't, then you might be interested, but a little confused by the lack of experimental detail (clue: behavioral economics experiments are always conducted on impoverished students who, at the very least, know that an experiment is being conducted. The sample sizes and general methodological lack of rigour would never pass for something serious, say a drug trial)So you don't get detail. But you do get homespun whimsy. And jokes. This is Mr Kreisler's contribution to the enterprise. Apparently, he was a banker, but is now a comedian and one must assume that what passes for comedy in this book is his responsibility. Its not good. The jokes are so feeble, so suburban, so very very white, and paint a picture of such unremitting blandness that one shudders. I have seen the future - and it is one of nauseating boredom. Mr Kreisler should go back to bankingThe authors do present a convincing picture of why we are bad with money and why, as payment becomes ever easier, we are probably going to get even worse with it. What they do not do, is to present any solutions. Solutions are difficult - but you would expect the authors to be familiar - as they undoubtedly are - with Nudge Units and the work of Thaler and Sunstein. Thaler gets a couple of mentions, Sunstein does not. One suspects a tiff. As for Kahneman and Tversky the fathers of the discipline, well, shall we say they are conspicuous by their absence.So - overall if you don't know any behavioral economics there are worse places to start. But this is a dumbed down version of an interesting field of study. I'd advise digging deeper