andbenn reviewed The Winner's Curse by Richard H. Thaler
The Winner's Curse - a lookback and update on the classic work
4 stars
Behavorial economics, or why we make the decisions we do, and the anomalies within. Said that anomalies help define the limits of theories.
This is a rework of the 1990's classic. It apparently includes the original essays with updates and thoughts at the end, and some new chapters. The updates look at how the theories have held up, and surprisingly so, many have.
It is a pretty tough read and many may feel it's dry. The chapters cover theories about our behavior and models of such. Very academic approach. Luckily, there are brief summaries at the end of each chapter that make it clear for economists and normal people as to the significance.
Behavorial economics, or why we make the decisions we do, and the anomalies within. Said that anomalies help define the limits of theories.
This is a rework of the 1990's classic. It apparently includes the original essays with updates and thoughts at the end, and some new chapters. The updates look at how the theories have held up, and surprisingly so, many have.
It is a pretty tough read and many may feel it's dry. The chapters cover theories about our behavior and models of such. Very academic approach. Luckily, there are brief summaries at the end of each chapter that make it clear for economists and normal people as to the significance.













