The idea that you will make the right decision every time is very unlikely.

Even the most analytical thinkers are predictably irrational; the really smart ones acknowledge and address their irrationalities.

individuals are honest only to the extent that suits them (including their desire to please others)

We usually think of ourselves as sitting the driver's seat, with ultimate control over the decisions we made and the direction our life takes; but, alas, this perception has more to do with our desires-with how we want to view ourselves, than with reality.

None of us always make the best financial decisions.

Kids don't care what party they have, right? They want cake and they want to run around. Nothing else matters. But in this escalation, all the kids want parties like their friends. So, if all the friends have an amazing, expensive party, they all want the same thing. If we all got to scale down as a coordinated effort, all the kids would have been just as happy.

People are willing to work free, and they are willing to work for a reasonable wage; but offer them just a small payment and they will walk away.