000 04032cam a2200373 i 4500
001 ocn891611164
003 OCoLC
005 20230830095436.0
008 150223s2016 enka b 001 0 eng d
010 _a 2015004600
020 _a9780241951224
_qpaperback
035 _a(OCoLC)ocn891611164
035 _a(OCoLC)891611164
040 _aDLC
_beng
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042 _apcc
049 _aI3UA
082 0 0 _a330.019
_223
_bRIC
100 1 _aThaler, Richard H.,
_d1945-
_eauthor.
_94185
245 1 0 _aMisbehaving :
_bthe making of behavioral economics /
_cRichard H. Thaler.
264 1 _aLondon, UK :
_b‎Penguin Books,
_c2016.
264 4 _c© Richard H. Thaler, 2015.
300 _axiv, 415 pages :
_billustrations ;
_c20 cm.
336 _atext
_btxt
_2rdacontent
337 _aunmediated
_bn
_2rdamedia
338 _avolume
_bnc
_2rdacarrier
500 _aRichard H. Thaler is a winner of the Nobel Prize.____ cover page.
500 _aThis book is a bestselling co-author of nudge.____ cover page.
504 _aIncludes bibliographical references and index.
520 _a"Traditional economics assumes rational actors. Early in his research, Thaler realized these Spock-like automatons were nothing like real people. Whether buying a clock radio, selling basketball tickets, or applying for a mortgage, we all succumb to biases and make decisions that deviate from the standards of rationality assumed by economists. In other words, we misbehave. More importantly, our misbehavior has serious consequences. Dismissed at first by economists as an amusing sideshow, the study of human miscalculations and their effects on markets now drives efforts to make better decisions in our lives, our businesses, and our governments"--Amazon.com.
520 _aArgues that economical trends cannot be predicted as much as thought, mainly because humans are so unpredictable, and reveals how behavioral economic analysis opens up new ways to look at everything from household finance to assigning faculty offices in a new building.
520 _a"Richard H. Thaler has spent his career studying the radical notion that the central agents in the economy are humans--predictable, error-prone individuals. Misbehaving is his arresting, frequently hilarious account of the struggle to bring an academic discipline back down to earth--and change the way we think about economics, ourselves, and our world. Traditional economics assumes rational actors. Early in his research, Thaler realized these Spock-like automatons were nothing like real people. Whether buying a clock radio, selling basketball tickets, or applying for a mortgage, we all succumb to biases and make decisions that deviate from the standards of rationality assumed by economists. In other words, we misbehave. More importantly, our misbehavior has serious consequences. Dismissed at first by economists as an amusing sideshow, the study of human miscalculations and their effects on markets now drives efforts to make better decisions in our lives, our businesses, and our governments. Coupling recent discoveries in human psychology with a practical understanding of incentives and market behavior, Thaler enlightens readers about how to make smarter decisions in an increasingly mystifying world. He reveals how behavioral economic analysis opens up new ways to look at everything from household finance to assigning faculty offices in a new building, to TV game shows, the NFL draft, and businesses like Uber. Laced with antic stories of Thaler's spirited battles with the bastions of traditional economic thinking, Misbehaving is a singular look into profound human foibles. When economics meets psychology, the implications for individuals, managers, and policy makers are both profound and entertaining."--Publisher's description.
650 0 _aEconomics
_xPsychological aspects.
_93324
942 _2ddc
_cTEXT BOOK
999 _c1549
_d1549