@duke-university.bsky.social Told #DanAriely to Do Less Research
Ariely's request at @mit.edu for reimbursement of a $215 couch was refused in favor of a $3000 couch from an "approved vendor".
"..bureaucracy not only makes things complicated, It makes them absurd."
www.techtimes.com/articles/327...
MIT ran the same auction twice. Cash bidders and card bidders. Same product, same room. One group paid up to twice as much, and they had no idea why. #BehaviouralFinance #DanAriely #UKPersonalFinance
