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"Which is more dangerous, a gun or a swimming pool? What do schoolteachers and sumo wrestlers have in common? Why do drug dealers still live with their moms? How much do parents really matter? How did the legalization of abortion affect the rate of violent crime? These may not sound like typical questions for an economist to ask. But Steven D. Levitt is not a typical economist. He is a much-heralded scholar who studies the riddles of everyday life--from...
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"In 2014, Liz Thames and her husband, Nate, were conventional young urban professionals working nine-to-five jobs. But the rat race had worn them down, and they dreamed of becoming modern-day homesteaders in rural Vermont. Determined to retire as early as possible in order to start living each day--as opposed to wishing time away working for the weekends--they enaceted a plan to save as much money as they could. In less than three years, Liz and Nate...
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"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...
Author
Publisher
Princeton University Press
Language
English
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"Economists have long based their forecasts on financial aggregates such as price-earnings ratios, asset prices, and exchange rate fluctuations, and used them to produce statistically informed speculations about the future--with limited success. Robert Shiller employs such aggregates in his own forecasts, but has famously complemented them with observations about the influence of mass psychology on certain events. This approach has come to be known...
Author
Pub. Date
2015.
Language
English
Description
In celebration of the 10th anniversary of the landmark book Freakonomics comes this curated collection from the most readable economics blog in the universe. It's the perfect solution for the millions of readers who love all things Freakonomics. Surprising and erudite, eloquent and witty, When to Rob a Bank demonstrates the brilliance that has made the Freakonomics guys an international sensation, with more than 7 million books sold in 40 languages,
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Why do smart people make irrational decisions every day? The answers will surprise you. This book is a look at why we all make illogical decisions. Why can a 50-cent aspirin do what a penny aspirin can't? If an item is "free" it must be a bargain, right? Why is everything relative, even when it shouldn't be? How do our expectations influence our actual opinions and decisions? In this book, the author, a behavioral economist cuts to the heart of our...
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"Fumio Sasaki is not an enlightened minimalism expert or organizing guru like Marie Kondo--he's just a regular guy who was stressed out and constantly comparing himself to others, until one day he decided to change his life by saying goodbye to everything he didn't absolutely need. The effects were remarkable: Sasaki gained true freedom, new focus, and a real sense of gratitude for everything around him. In Goodbye, Things Sasaki modestly shares his...
Author
Publisher
Princeton University Press
Language
English
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Ever since Adam Smith, the central teaching of economics has been that free markets provide us with material well-being, as if by an invisible hand. In Phishing for Phools, Nobel Prize-winning economists George Akerlof and Robert Shiller deliver a fundamental challenge to this insight, arguing that markets harm as well as help us. As long as there is profit to be made, sellers will systematically exploit our psychological weaknesses and our ignorance...
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Pub. Date
2016.
Language
English
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"Payoff investigates the true nature of motivation, our partial blindness to the way it works, and how we can bridge this gap. With studies that range from Intel to a kindergarten classroom, Ariely digs deep to find the root of motivation--how it works and how we can use this knowledge to approach important choices in our own lives. Along the way, he explores intriguing questions such as: Can giving employees bonuses harm productivity? Why is trust...
Author
Publisher
Penguin Books
Pub. Date
2021.
Language
English
Description
Since the original publication of Nudge more than a decade ago, the title has entered the vocabulary of businesspeople, policy makers, engaged citizens, and consumers everywhere. The book has given rise to more than 400 “nudge units” in governments around the world and countless groups of behavioral scientists in every part of the economy. It has taught us how to use thoughtful “choice architecture”—a concept the authors invented—to help...
15) Animal spirits: how human psychology drives the economy, and why it matters for global capitalism
Author
Publisher
Princeton University Press
Pub. Date
[2009]
Language
English
18) Dear undercover economist: priceless advice on money, work, sex, kids, and life's other challenges
Author
Publisher
Random House Trade Paperbacks
Pub. Date
[2009]
Language
English
Author
Series
Very short introductions volume 505
Pub. Date
2017.
Language
English
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Description
Traditionally economists have based their economic predictions on the assumption that humans are super-rational creatures, using the information we are given efficiently and generally making selfish decisions that work well for us as individuals. Economists also assume that we're doing the very best we can possibly do - not only for today, but over our whole lifetimes too. But increasingly the study of behavioural economics is revealing that our lives...
Author
Publisher
Spiegel & Grau
Pub. Date
[2015]
Language
English
Description
"For many of us, our possessions and the lifestyle that goes along with them are causing more stress than happiness--otherwise known as 'keeping up with the Joneses' or what Alain de Botton calls 'status anxiety.' But James Wallman argues that we are approaching a tipping point with regard to materialism. People are turning away from the endless drive to consume in favor of a simpler, more streamlined way of living ... He interviews anthropologists...
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