Misbehaving: The Making of Behavioral Economics

Author: Richard H. Thaler

Publisher: W. W. Norton & Company

ISBN:

Category: Business & Economics

Page: 336

View: 100

Winner of the Nobel Prize in Economics Get ready to change the way you think about economics. Nobel laureate 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. Shortlisted for the Financial Times & McKinsey Business Book of the Year Award

Summary of Misbehaving: The Making of Behavioral Economics by Richard H. Thaler

Author: Readtrepreneur Publishing

Publisher: Readtrepreneur Publishing

ISBN:

Category: Reference

Page:

View: 807

​Misbehaving: The Making of Behavioral Economics by Richard H. Thaler | Book Summary | Readtrepreneur (Disclaimer: This is NOT the original book, but an unofficial summary.) Winner of the Nobel Prize in Economics, Richard H. Thaler will change the way you think about economics. Misbehaving will help you make smarter, more educated decisions in an increasingly confusing world. (Note: This summary is wholly written and published by Readtrepreneur It is not affiliated with the original author in any way) "The purely economic man is indeed close to being a social moron. Economic theory has been much preoccupied with this rational fool." – Richard H. Thaler Richard H. Thaler challenges the basic premise in economics, where actors are considered to be rational creatures. Every day, people make decisions which deviate from the standards of rationality assumed by economists. Using recent discoveries in psychology, Thaler reveals how behavioral economic analysis discovers new ways of looking at everyday finance and overall business challenges. Richard H. Thaler improves the basic definition of economics where participants are rational beings and encourages the use of psychological studies in understanding the modern consumers and the effects they have on the economy as a whole. P.S. Misbehaving is an extremely useful book that will help you grasp the concept of modern economy and use it to improve your financial and business decisions. The Time for Thinking is Over! Time for Action! Scroll Up Now and Click on the "Buy now with 1-Click" Button to Get your Copy Right Away! Why Choose Us, Readtrepreneur?  Highest Quality Summaries  Delivers Amazing Knowledge  Awesome Refresher  Clear And Concise Disclaimer Once Again: This book is meant for a great companionship of the original book or to simply get the gist of the original book.

Misbehaving

The Making of Behavioral Economics by Richard H. Thaler | Key Takeaways & Analysis

Author: Instaread

Publisher: Instaread

ISBN:

Category: Business & Economics

Page: 38

View: 156

Misbehaving by Richard H. Thaler | Key Takeaways & Analysis Preview: Misbehaving: The Making of Behavioral Economics is an introduction to behavioral economics and an account of Richard H. Thaler’s role in developing and popularizing the field. The traditional economic theory of the 1970s presumed that people made economic decisions rationally. In this economic vision, rational individuals—or Econs, as Thaler calls them—know what they want, and they know how much they value the things they want… PLEASE NOTE: This is key takeaways and analysis of the book and NOT the original book. Inside this Instaread of Misbehaving: · Overview of the book · Important People · Key Takeaways · Analysis of Key Takeaways

Summary: Misbehaving

The Making of Behavioral Economics

Author: Readtrepreneur Publishing

Publisher:

ISBN:

Category:

Page: 88

View: 166

Misbehaving: The Making of Behavioral Economics by Richard H. Thaler | Book Summary | Readtrepreneur (Disclaimer: This is NOT the original book. If you're looking for the original book, search this link:http://amzn.to/2hOXlc3) Winner of the Nobel Prize in Economics, Richard H. Thaler will change the way you think about economics. Misbehaving will help you make smarter, more educated decisions in an increasingly confusing world. (Note: This summary is wholly written and published by readtrepreneur.com It is not affiliated with the original author in any way) "The purely economic man is indeed close to being a social moron. Economic theory has been much preoccupied with this rational fool." - Richard H. Thaler Richard H. Thaler challenges the basic premise in economics, where actors are considered to be rational creatures. Every day, people make decisions which deviate from the standards of rationality assumed by economists. Using recent discoveries in psychology, Thaler reveals how behavioral economic analysis discovers new ways of looking at everyday finance and overall business challenges. Richard H. Thaler improves the basic definition of economics where participants are rational beings and encourages the use of psychological studies in understanding the modern consumers and the effects they have on the economy as a whole. P.S. Misbehaving is an extremely useful book that will help you grasp the concept of modern economy and use it to improve your financial and business decisions. The Time for Thinking is Over! Time for Action! Scroll Up Now and Click on the "Buy now with 1-Click" Button to Get your Copy Delivered to Your Doorstep Right Away! Why Choose Us, Readtrepreneur? Highest Quality Summaries Delivers Amazing Knowledge Awesome Refresher Clear And Concise Disclaimer Once Again: This book is meant for a great companionship of the original book or to simply get the gist of the original book. If you're looking for the original book, search for this link: http://amzn.to/2hOXlc3

Summary of Misbehaving by Richard H. Thaler: Conversation Starters

Author: Bookhabits

Publisher: Blurb

ISBN:

Category: Education

Page: 68

View: 382

Misbehaving by Richard H. Thaler: Conversation Starters Misbehaving: The Making of Behavioral Economics, written by Nobel Prize-winning economist Richard Thaler, is a follow up from his previous book, Nudge. Much of Thaler's work has been in supporting his beliefs in behavioral economics-this book is no different. In the book, Thaler presents his ideas that people have behavioral biases, are prone to error, and do not always think rationally. The book is written as a memoir, of sorts, and presents his ideas and experiences to the reader. Misbehaving: The Making of Behavioral Economics was a nominee for the Financial Times and McKinsey Business Book of the Year shortlist in 2015. A Brief Look Inside: EVERY GOOD BOOK CONTAINS A WORLD FAR DEEPER than the surface of its pages. The characters and their world come alive, and the characters and its world still live on. Conversation Starters is peppered with questions designed to bring us beneath the surface of the page and invite us into the world that lives on. These questions can be used to... Create Hours of Conversation: - Promote an atmosphere of discussion for groups - Foster a deeper understanding of the book - Assist in the study of the book, either individually or corporately - Explore unseen realms of the book as never seen before Disclaimer: This book you are about to enjoy is an independent resource meant to supplement the original book. If you have not yet read the original book, we encourage you to before purchasing this unofficial Conversation Starters.

Summary of Misbehaving: The Making of Behavioral Economics by Richard H. Thaler

Author: Readtrepreneur Publishing

Publisher: Readtrepreneur Publishing

ISBN:

Category: Reference

Page:

View: 785

​Misbehaving: The Making of Behavioral Economics by Richard H. Thaler | Book Summary | Readtrepreneur (Disclaimer: This is NOT the original book, but an unofficial summary.) Winner of the Nobel Prize in Economics, Richard H. Thaler will change the way you think about economics. Misbehaving will help you make smarter, more educated decisions in an increasingly confusing world. (Note: This summary is wholly written and published by Readtrepreneur It is not affiliated with the original author in any way) "The purely economic man is indeed close to being a social moron. Economic theory has been much preoccupied with this rational fool." – Richard H. Thaler Richard H. Thaler challenges the basic premise in economics, where actors are considered to be rational creatures. Every day, people make decisions which deviate from the standards of rationality assumed by economists. Using recent discoveries in psychology, Thaler reveals how behavioral economic analysis discovers new ways of looking at everyday finance and overall business challenges. Richard H. Thaler improves the basic definition of economics where participants are rational beings and encourages the use of psychological studies in understanding the modern consumers and the effects they have on the economy as a whole. P.S. Misbehaving is an extremely useful book that will help you grasp the concept of modern economy and use it to improve your financial and business decisions. The Time for Thinking is Over! Time for Action! Scroll Up Now and Click on the "Buy now with 1-Click" Button to Get your Copy Right Away! Why Choose Us, Readtrepreneur?  Highest Quality Summaries  Delivers Amazing Knowledge  Awesome Refresher  Clear And Concise Disclaimer Once Again: This book is meant for a great companionship of the original book or to simply get the gist of the original book.

Guide to Richard H. Thaler's Misbehaving

Author: Richard H. Thaler

Publisher: Createspace Independent Publishing Platform

ISBN:

Category:

Page: 34

View: 364

PLEASE NOTE: THIS IS A GUIDE TO THE ORIGINAL BOOK. Guide to Richard H. Thaler's Misbehaving Preview: Misbehaving: The Making of Behavioral Economics is an introduction to behavioral economics and an account of Richard H. Thaler's role in developing and popularizing the field. The traditional economic theory of the 1970s presumed that people made economic decisions rationally. In this economic vision, rational individuals-or Econs, as Thaler calls them-know what they want, and they know how much they value the things they want... Inside this companion: -Overview of the book -Important People -Key Insights -Analysis of Key Insights

Key Takeaways & Analysis of Misbehaving

The Making of Behavioral Economics by Richard H. Thaler

Author: Instaread

Publisher: Createspace Independent Publishing Platform

ISBN:

Category:

Page: 40

View: 562

PLEASE NOTE: This is key takeaways and analysis of the book and NOT the original book. Misbehaving by Richard H. Thaler | Key Takeaways & Analysis Preview: Misbehaving: The Making of Behavioral Economics is an introduction to behavioral economics and an account of Richard H. Thaler's role in developing and popularizing the field. The traditional economic theory of the 1970s presumed that people made economic decisions rationally. In this economic vision, rational individuals--or Econs, as Thaler calls them--know what they want, and they know how much they value the things they want... Inside this Instaread of Misbehaving: · Overview of the book · Important People · Key Takeaways · Analysis of Key Takeaways About the Author With Instaread, you can get the key takeaways and analysis of a book in 15 minutes. We read every chapter, identify the key takeaways and analyze them for your convenience.

The Beginnings of Behavioral Economics

Katona, Simon, and Leibenstein's X-Efficiency Theory

Author: Roger Frantz

Publisher: Academic Press

ISBN:

Category: Business & Economics

Page: 258

View: 404

The Beginnings of Behavioral Economics: Katona, Simon, and Leibenstein's X-Efficiency Theory explores the mid-20th century roots of behavioral economics, placing the origin of this now-dominant approach to economic theory many years before the groundbreaking 1979 work on prospect theory by Daniel Kahneman and Amos Tversky. It discusses the work of Harvey Leibenstein, Herbert Simon, George Katona, and Frederick Hayek, reintroducing their contributions as founding pillars of the behavioral approach. It concentrates on the work of Leibenstein, reviewing his nuanced introduction of X-efficiency theory. Building from these foundations, the work explores the body of empirical research on market power and firm behavior – XE relationship. This book is a tremendous resource for graduate students and early career researchers in behavioral economics, experimental economics, organizational economics, social and organizational psychology, labor market economics and public policy. Reviews the powerful, but neglected contributions of mid-20th century scholars, like Leibenstein and Katona in building the roots of behavioral economic theory Amalgamates and reviews 50 years of empirical research and over 200 empirical papers on X-efficiency theory Establishes how X-efficiency can aid modern behavioral economics in further developing firm theory and understanding efficiency wages