Name: Why we make bad decisions
Uploaded: 2008-12-16T07:32:00Z
Duration: 33 min 18 s
Description: Dan Gilbert presents research and data from his exploration of happiness -- sharing some surprising tests and experiments that you can also try on yourself. Watch through to the end for a sparkling Q&A with some familiar TED faces.

Dan Gilbert presents research and data from his exploration of happiness -- sharing some surprising tests and experiments that you can also try on yourself. Watch through to the end for a sparkling Q&A with some familiar TED faces.

Dan Gilbert: Why we make bad decisions

Why we make bad decisions

Errors in estimating odds and valuing success lead to poor decisions, from gambling losses to underestimating everyday risks.

The allure of lotteries is misjudged; it's not about the slim chance of winning, but the cost-effective thrill of anticipation.

Our brains are wired for a simpler past, making us ill-equipped for modern choices. Understanding this can improve decision-making.