Nobel Prize-winner Richard H. Thaler and rising-star economist Alex O. Imas explore the past, present and cutting-edge future in behavioral economics in The Winner’s Curse.
Why do people cooperate with one another when they have no obvious motivation to do so? Why do we hold on to possessions of little value? And why is the winner of an auction so often disappointed?
More than 30 years ago, Richard H. Thaler introduced readers to behavioral economics in his seminal Anomalies column, written with collaborators who included Daniel Kahneman and Amos Tversky. These provocative articles challenged the fundamental idea at the heart of economics that people are selfish, rational optimizers, and provided the foundation for what became behavioral economics. That was then.
The Winner’s Curse: Behavioral Economics Anomalies, Then and Now
Richard H. Thaler and Alex Imas
27.96
Simon & Schuster
On shelves and online
352 pages
