Misbehaving
The Making of Behavioral Economics
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Misbehaving
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Narrated by:
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L. J. Ganser
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Written by:
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Richard H. Thaler
About this listen
Get ready to change the way you think about economics.
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 listeners 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.
©2015 Richard H. Thaler (P)2015 Audible, Inc.Editorial Reviews
What listeners say about Misbehaving
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Overall5 out of 5 stars
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Performance5 out of 5 stars
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Story5 out of 5 stars
- Apurba
- 24-03-24
Very applicable and interesting
Introduces key ideas in a very interesting story format. Builds and references works from nudge and kahneman
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Overall4 out of 5 stars
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Performance5 out of 5 stars
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Story4 out of 5 stars
- Amazon Customer
- 09-01-22
thought provoking
a ton of good points and cases,but require lot of patience and one may have to revisit to comprehend and assimilate
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Overall5 out of 5 stars
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Story5 out of 5 stars
- Anil Nair
- 04-09-21
interesting read
lot of insights, examples and great stories. great for anyone who is curious about behavioral sciences
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Overall4 out of 5 stars
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Performance3 out of 5 stars
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Story4 out of 5 stars
- JM
- 27-01-25
interesting book. but..
What I like. The writer's passion towards behavioural economics and his efforts to explain complex concepts in as simple words as possible.
What I don't like. The reader could have read a bit slowly because the book contains a lot of technical terminology. (or audible should provide an option to adjust reading speed.) Also, the writer digresses a lot from the topic.
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Overall5 out of 5 stars
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Performance5 out of 5 stars
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Story5 out of 5 stars
- Sandeep Bhasin
- 17-05-19
Excellent Biographical account by Thaler
The only problem with this audio book is that its too lengthy and that makes it a bit monotonous. After about 9 hours of listening, I don't feel like listening to the same voice... The book, however, is a goldmine
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1 person found this helpful