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The Winner's Curse: Paradoxes and Anomalies of Economic Life by [Thaler, Richard]
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The Winner's Curse: Paradoxes and Anomalies of Economic Life Kindle Edition


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Length: 244 pages Word Wise: Enabled Enhanced Typesetting: Enabled
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Product description

Review

By unraveling a series of real-world puzzles with philosophical and practical implications, Thaler illuminates some fairly abstruse ideas in an entertaining way.... The best minds in economics today, as Thaler's provocative book suggests, are trying to supplement with a broader understanding of what makes people tick.Christopher FarrellBusiness WeekRichard Thaler ... stylishly recounts empirical findings that skewer hitherto sheltered economic beliefs.Lola L. LopesContemporary Psychology

Product Description

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.

Product details

  • Format: Kindle Edition
  • File Size: 1773 KB
  • Print Length: 244 pages
  • Page Numbers Source ISBN: 0691019347
  • Publisher: Free Press (26 June 2012)
  • Sold by: Simon and Schuster Digital Sales Inc (AU)
  • Language: English
  • ASIN: B007QUY3GO
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Enabled
  • Screen Reader: Supported
  • Enhanced Typesetting: Enabled
  • Average Customer Review: Be the first to review this item
  • Amazon Bestsellers Rank: #342,707 Paid in Kindle Store (See Top 100 Paid in Kindle Store)

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Most helpful customer reviews on Amazon.com

Amazon.com: 3.3 out of 5 stars 17 reviews
robert waddington
3.0 out of 5 starsNot as engaging as Thaler's other books, but probably one of the most important
25 October 2018 - Published on Amazon.com
Verified Purchase
2 people found this helpful.
Joel Skaistis
4.0 out of 5 starsBest book out there in the Popular economics genre
24 August 2009 - Published on Amazon.com
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3 people found this helpful.
JoshK
5.0 out of 5 starsVery interesting
22 September 2006 - Published on Amazon.com
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4 people found this helpful.
Ryan Coleman
2.0 out of 5 starsby an economist, for an economist
9 May 2004 - Published on Amazon.com
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20 people found this helpful.
Winter
1.0 out of 5 starsVery simplistic view of consumer decision making
9 February 2018 - Published on Amazon.com
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2 people found this helpful.