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Winner of the Nobel Memorial Prize in Economic Sciences

Richard Thaler challenges the received economic wisdom by revealing many of the paradoxes that abound even in the most painstakingly constructed transactions. He presents literate, challenging, and often funny examples of such anomalies as why the winners at auctions are often the real losers—they pay too much and suffer the "winner's curse"—why gamblers bet on long shots at the end of a losing day, why shoppers will save on one appliance only to pass up the identical savings on another, and why sports fans who wouldn't pay more than $200 for a Super Bowl ticket wouldn't sell one they own for less than $400. He also demonstrates that markets do not always operate with the traplike efficiency we impute to them.
ebook,Richard H. Thaler,The Winner's Curse Paradoxes and Anomalies of Economic Life,Free Press,Economics - Theory,BEHAVIORAL ECONOMICS,BUSINESS ECONOMICS / Economics / Theory,Behavioural theory (Behaviourism),Business Economics,Business Economics / General,Business/Economics,Economic theory philosophy,Economics,Economics - Theory,Economics;Miscellanea.,GENERAL,Miscellanea,Non-Fiction,Paradoxes,Paradoxes.,Scholarly/Undergraduate,United States,BUSINESS ECONOMICS / Economics / Theory,Business Economics / General,Behavioral Economics,Economics,Miscellanea,Paradoxes,Business Economics,Business/Economics,Behavioural theory (Behaviourism),Economic theory philosophy

The Winner Curse Paradoxes and Anomalies of Economic Life eBook Richard H Thaler Reviews :

Winner of the Nobel Memorial Prize in Economic Sciences

Richard Thaler challenges the received economic wisdom by revealing many of the paradoxes that abound even in the most painstakingly constructed transactions. He presents literate, challenging, and often funny examples of such anomalies as why the winners at auctions are often the real losers—they pay too much and suffer the "winner's curse"—why gamblers bet on long shots at the end of a losing day, why shoppers will save on one appliance only to pass up the identical savings on another, and why sports fans who wouldn't pay more than $200 for a Super Bowl ticket wouldn't sell one they own for less than $400. He also demonstrates that markets do not always operate with the traplike efficiency we impute to them.

ebook,Richard H. Thaler,The Winner's Curse Paradoxes and Anomalies of Economic Life,Free Press,Economics - Theory,BEHAVIORAL ECONOMICS,BUSINESS ECONOMICS / Economics / Theory,Behavioural theory (Behaviourism),Business Economics,Business Economics / General,Business/Economics,Economic theory philosophy,Economics,Economics - Theory,Economics;Miscellanea.,GENERAL,Miscellanea,Non-Fiction,Paradoxes,Paradoxes.,Scholarly/Undergraduate,United States,BUSINESS ECONOMICS / Economics / Theory,Business Economics / General,Behavioral Economics,Economics,Miscellanea,Paradoxes,Business Economics,Business/Economics,Behavioural theory (Behaviourism),Economic theory philosophy

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Product details File Size 1772 KB Print Length 244 pages Page Numbers Source ISBN 0691019347 Publisher Free Press (June 26, 2012) Publication Date June 26, 2012 Sold by  Services LLC Language English ASIN B007QUY3GO

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