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THE WINNER'S CURSE: PARADOXES AND ANOMALIES OF ECONOMIC LIFE

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In this book, Nobel Prize-winning economist Richard Thaler challenges the received economic wisdom by revealing many of the paradoxes that abound even in the most painstakingly constructed transactions. He presents literate, challenging, and often funny examples of such anomalies as why the winners at auctions are often the real losers--they pay too much and suffer the "winner's curse"--why gamblers bet on long shots at the end of a losing day, why shoppers will save on one appliance only to pass up the identical savings on another, and why sports fans who wouldn't pay more than $200 for a Super Bowl ticket wouldn't sell one they own for less than $400. He also demonstrates that markets do not always operate with the traplike efficiency we impute to them.

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Availability

10010497

330 THA w

RLC MM (Rak Buku Umum)

Available

Detail Information

Series Title

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Statement of Responsibility

Richard H. Thaler

Call Number

330 THA w

Publisher

Princeton, New Jersey : Princeton University Press., 1994

Collation

ix, 230 p. : ill. ; 24 cm.

Language

English

ISBN/ISSN

978-0-691-01934-5

Classification

330

Content Type

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Edition

Hardcover

Subject(s)

Buku Umum
Economics
Miscellanea
Paradoxes

Specific Detail Info

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