{"product_id":"the-winners-curse-behavioral-economics-anomalies-then-and-now-paperback","title":"The Winner's Curse: Behavioral Economics Anomalies Then and Now (Paperback)","description":"\u003cp class=\"MsoNormal\"\u003e\u003cb\u003e‘My book of the year … the father of behavioural\neconomics makes a pugnacious case that humans do not behave as the economics\ntextbooks say’ Tim Harford\u003ci\u003e, FT\u003cbr\u003e\n\u003c\/i\u003e\u003cbr\u003e\nNobel Prize-winner and co-author of \u003ci\u003eNudge\u003c\/i\u003e, Richard Thaler, and star\neconomist Alex Imas explore behavioral economics in this fully updated edition\nof the seminal work \u003ci\u003eThe Winner’s Curse\u003c\/i\u003e\u003c\/b\u003e\u003ci\u003e\u003cbr\u003e\n\u003c\/i\u003e\u003cbr\u003e\nWhy do people cooperate with one another when they have no incentive to do so?\nWhy do we hold onto possessions of little value? And why is the winner of an\nauction so often disappointed?\u003cbr\u003e\n\u003cbr\u003e\nOver thirty years ago, Richard Thaler introduced readers to behavioral\neconomics in his seminal \u003ci\u003eAnomalies \u003c\/i\u003ecolumn, written with\ncollaborators including Daniel Kahneman and Amos Tversky. These provocative\narticles challenged the fundamental idea at the heart of economics that people\nare selfish, rational optimizers, and provided the foundation for what became behavioral\neconomics. That was \u003ci\u003ethen. Now,\u003c\/i\u003e three decades later, Thaler has\nteamed up with economist Alex Imas to write a new book. Every chapter starts\nwith an original \u003ci\u003eAnomaly\u003c\/i\u003e, retaining the spirit of its timestamp.\nThen, shifting to the present, they provide current updates to each, asking how\nthe original findings have held up and how the field has evolved since then.\u003cbr\u003e\n\u003cbr\u003e\nIt turns out these findings still show up almost everywhere. Anomalies pop up\nin people’s decisions to save for retirement and how they carry outstanding\ncredit card debt. Even experts fail to optimize. The key concept of loss\naversion explains missed putts by golf pros and the selection of which stocks\nto sell by portfolio managers. In this era of meme stocks and Dogecoin, it is\nhard to defend the view that financial markets are highly efficient. The good\nnews, however, is that the anomalies have got much funnier.\u003cbr\u003e\n\u003cbr\u003e\nWith both readability and rigor, \u003ci\u003eThe Winner’s Curse\u003c\/i\u003e illuminates\nthese ideas for anyone – from those with a cursory understanding of economics\nto fellow economists. Each chapter provides a key insight into human behavior\nso readers learn how to better understand the choices made by their friends,\ncolleagues, and customers, and might just become better at making decisions\nthemselves.\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp class=\"MsoNormal\"\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\n\n\n\n\u003c\/p\u003e\u003cp class=\"MsoNormal\"\u003e\u003cb\u003eRichard H. Thaler (Author)\u003c\/b\u003e\u003cbr\u003e\n\u003cb\u003eRichard H. Thaler\u003c\/b\u003e received the 2017 Nobel Prize in Economic\nSciences. He is a distinguished service professor of economics and behavioral\nscience at the University of Chicago’s Booth School of Business. He is\nthe \u003ci\u003eNew York Times\u003c\/i\u003e bestselling coauthor of \u003ci\u003eNudge:\nImproving Decisions about Health, Wealth, and Happiness\u003c\/i\u003e (with Cass\nSunstein) and the author of \u003ci\u003eMisbehaving: The Making of Behavioral\nEconomics\u003c\/i\u003e.\u003cbr\u003e\n\u003cbr\u003e\n\u003cb\u003eAlex O. Imas (Author)\u003c\/b\u003e\u003cbr\u003e\n\u003cb\u003eAlex O. Imas\u003c\/b\u003e is Professor of Behavioral Science and Economics at\nthe University of Chicago School’s Booth School of Business. He is the\nrecipient of the 2023 Alfred P. Sloan Research Fellowship, the Review of\nFinancial Studies Rising Scholar Award, the New Investigator Award from the\nBehavioral Science and Policy Association, the Hillel Einhorn New Investigator\nAward from the Society of Judgment and Decision Making, the Distinguished\nCESifo Affiliate Award, and the NSF Graduate Research Fellowship. Previously,\nhe was Assistant Professor of Behavioral Economics at Carnegie Mellon\nUniversity.\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e","brand":"TIMES DISTRIBUTION PTE LTD","offers":[{"title":"Default Title","offer_id":45602887205071,"sku":"9780141997711","price":29.98,"currency_code":"SGD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0574\/5662\/3823\/files\/download_fbf2adb7-567b-418d-9307-faf92ad7f400.jpg?v=1784256685","url":"https:\/\/popular.com.sg\/products\/the-winners-curse-behavioral-economics-anomalies-then-and-now-paperback","provider":"Popular Book Company Pte Ltd","version":"1.0","type":"link"}