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Oversimplified Theory of How Humans Make Decisions

Oversimplified Theory of How Humans Make Decisions

Traditional economists think we make only rational decisions, driven entirely by brain calculations. That's obviously far from true. A better model accounts for the fact that we have two more things beyond the brain: the heart (emotions) and the gut (instinct). All three influence our choices.

Brain + Heart + Gut = How we actually decide

decisions psychology behavior
Source: George Strakhov (2021)