Winner of the Nobel Prize in Economics Get ready to change the way you think about economics. Nobel laureate Richard H. Thaler has spent his career studying the radical notion that the central agents in the economy are humans—predictable, error-prone individuals. Misbehaving is his arresting, frequently hilarious account of the struggle to bring an academic discipline back down to earth—and change the way we think about economics, ourselves, and our world. 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 by economists as an amusing sideshow, the study of human miscalculations and their effects on markets now drives efforts to make better decisions in our lives, our businesses, and our governments. Coupling recent discoveries in human psychology with a practical understanding of incentives and market behavior, Thaler enlightens readers about how to make smarter decisions in an increasingly mystifying world. He reveals how behavioral economic analysis opens up new ways to look at everything from household finance to assigning faculty offices in a new building, to TV game shows, the NFL draft, and businesses like Uber. Laced with antic stories of Thaler’s spirited battles with the bastions of traditional economic thinking, Misbehaving is a singular look into profound human foibles. When economics meets psychology, the implications for individuals, managers, and policy makers are both profound and entertaining. Shortlisted for the Financial Times & McKinsey Business Book of the Year Award
Key information about the book.
Support local bookstores: BookShop gives a portion of each sale to independent bookshops!
In "Misbehaving: The Making of Behavioral Economics," Nobel laureate Richard Thaler takes readers on a riveting journey through the evolution of behavioral economics, a field that challenges traditional economic theories. Thaler candidly shares his experiences and groundbreaking experiments that reveal how human behavior often defies rational expectations, leading to surprising choices in everyday life. With a blend of humor and keen insight, he highlights the quirks and biases that influence decision-making, reshaping our understanding of markets and policies. This enlightening narrative not only unveils the complexities of human behavior but also emphasizes the importance of incorporating psychology into economic thinking. Dive into a world where misbehavior leads to profound revelations about the way we live, work, and decide!
In "Nudge," behavioral economists Richard Thaler and Cass Sunstein unveil the subtle art of influencing choices and shaping outcomes without restricting freedom. They explore how small, seemingly insignificant changes in the way options are presented can lead to drastically improved decisions in health, finance, and overall happiness. With compelling real-world examples and engaging insights, the authors demonstrate how understanding human psychology can empower individuals and policymakers alike. Dive into a world where choice architecture transforms lives and reshapes society's approach to welfare. Discover the hidden nudges that could change everything about the way we choose!
In 'I Will Teach You to Be Rich, Second Edition,' Ramit Sethi provides a no-nonsense guide to mastering personal finance with a blend of humor and practicality. He challenges conventional money advice and introduces readers to a unique banking system for maximizing their savings. Through straightforward strategies, Sethi reveals how to automate finances and invest wisely for the long term. Each chapter brims with actionable tips that encourage readers to take control of their financial futures. With insights that delve deep into psychology and behavior, this book is a game-changer for anyone seeking to build real wealth.
In 'Finite and Infinite Games', James Carse presents a thought-provoking exploration of two types of games that shape our lives. Finite games are about winning, clearly defined rules, and competition, while infinite games focus on the ongoing pursuit of growth and learning. This philosophical masterpiece challenges readers to rethink their motivations and the very nature of their existence. As Carse reveals the deeper implications of each game, it invites you to ponder whether you are living for a trophy or the journey itself. Prepare to be inspired to redefine success in a world dominated by finite thinking!
In 'The Politics of Health Policy,' Vicente Navarro delves into the intricate relationship between politics and health systems, revealing how power dynamics shape public health outcomes. With a critical lens, he exposes the ideological battles that influence policy-making, highlighting the inequities that arise from these conflicts. Readers will discover the hidden agendas behind health policies and the impact of socioeconomic factors on health access and quality. Navarro's compelling arguments challenge conventional wisdom, urging a reevaluation of what constitutes health and well-being. This thought-provoking work is essential for understanding the intersection of politics and health in the modern world.
In 'Getting Everything You Can Out of All You've Got,' marketing guru Jay Abraham unveils powerful strategies for maximizing resources, ensuring that nothing goes to waste. He challenges conventional thinking and encourages readers to leverage their existing assets for unprecedented growth. With real-life examples and actionable insights, Abraham reveals how to identify overlooked opportunities and turn them into profit. This book is a treasure trove for entrepreneurs and business leaders seeking to unlock their full potential. Are you ready to transform your limitations into stepping stones for success?
In 'Confidence Game', Christine S. Richard explores the intricate world of con artists and the psychology behind their manipulative tactics. Through gripping narratives and real-life examples, she unveils how trust can be both a weapon and a tool for deception. The book dives deep into the profiles of scammers and the unsuspecting victims who fall prey to their schemes. As Richard distinguishes between genuine confidence and deceitful charm, readers are left questioning their own perceptions of trust. This thrilling exploration of manipulation will make you rethink the nature of confidence itself.
In 'The Nightingale's Song', Robert Timberg weaves a poignant tapestry of four extraordinary lives intertwined by the tumult of the Vietnam War. Through the lens of these men, he explores themes of sacrifice, resilience, and the pursuit of honor amidst chaos. As their paths intersect, secrets and truths surface, revealing the profound impact of war on their souls and futures. Timberg's narrative is a haunting reminder of the costs of conflict and the redemptive power of friendship. Will these men find peace in the echoes of their past, or are they forever haunted by the shadows of war?
Showing 8 of 27 similar books

Darya Rose is a celebrated author and neuroscientist known for her influential work in the field of nutrition and healthy living. She gained widespread acclaim for her book *Foodist: Using Real Food and Real Science to Lose Weight Without Dieting*, which offers a science-based approach to weight management and healthy eating. Rose holds a Ph.D. in neuroscience from the University of California, San Francisco, which lends credibility to her evidence-based recommendations. In addition to her writing, she is the creator of the popular blog Summer Tomato, where she shares insights on food, health, and lifestyle. Rose's work has inspired many to adopt more mindful and sustainable eating habits, making a significant impact on the wellness community.

Amy Hood is the Chief Financial Officer (CFO) of Microsoft, responsible for leading the company’s worldwide financial operations, including accounting, strategic planning, and treasury. Hood joined Microsoft in 2002 and became CFO in 2013, making her one of the most powerful women in tech. She has been a driving force behind Microsoft’s shift to cloud computing, helping to grow its Azure and Office 365 businesses, which have been key to the company's recent financial success. Hood is known for her analytical rigor and strategic thinking, often credited with streamlining operations and boosting profitability during her tenure. She has also played a critical role in Microsoft’s acquisitions, including LinkedIn and GitHub, further expanding the company’s portfolio. Hood is a vocal advocate for diversity and inclusion in the workplace, championing efforts to create a more equitable environment within Microsoft. Her leadership has earned her recognition as one of the most influential executives in the tech industry.

Anna Kendrick is an acclaimed actress and author, best known for her versatile performances in film and theater. She gained widespread recognition for her role in the "Twilight" series and earned an Academy Award nomination for her performance in "Up in the Air." In 2016, Kendrick expanded her creative repertoire by publishing her memoir, "Scrappy Little Nobody," which offers a candid, humorous look at her life and career. The book became a New York Times bestseller, showcasing her sharp wit and storytelling talent. Kendrick continues to influence both the entertainment and literary worlds with her engaging presence and authentic voice.

Barack Obama is the 44th President of the United States, serving from 2009 to 2017. As the first African American president, Obama’s leadership marked a historic moment in American history. His administration focused on healthcare reform, economic recovery from the Great Recession, and environmental policies. He is best known for the Affordable Care Act, as well as his efforts to expand civil rights and restore diplomatic relations with Cuba. Since leaving office, Obama has continued to engage in public life through his foundation, focusing on leadership development, civic engagement, and global issues.

Bridget Phetasy is a multi-talented writer, comedian, and podcaster known for her sharp wit and insightful commentary on contemporary culture and politics. She gained prominence through her work with Playboy, where her essays and columns attracted a wide readership. Bridget is the host of the popular podcast "Walk-Ins Welcome," where she engages in deep, humorous conversations with a variety of guests. Her candid and often provocative takes on societal issues have garnered her a loyal following on social media. Additionally, she created the satirical YouTube series "Dumpster Fire," where she humorously dissects current events.

Andrew Wilkinson is a distinguished author and entrepreneur, best known for his insightful business writings and contributions to the tech industry. He co-founded MetaLab, a prominent design agency that has shaped the user experience of major platforms like Slack and Coinbase. Wilkinson's entrepreneurial journey and his publications provide valuable perspectives on startup culture, innovation, and leadership. His writing, often featured in leading business magazines and his personal blog, has garnered a wide readership for its practical advice and engaging storytelling. Andrew continues to influence both literature and the business world with his unique blend of creativity and strategic thinking.

Anna Cheng is a celebrated contemporary novelist known for her evocative prose and richly drawn characters. Her debut novel, "Whispers of the Ancients," garnered critical acclaim, securing a spot on the New York Times Bestseller list and earning her the Man Booker Prize. Cheng's subsequent works consistently explore themes of heritage, identity, and the immigrant experience, resonating with a global audience. She is also a recipient of the PEN/Faulkner Award, recognizing her contributions to American fiction. Beyond her literary pursuits, Cheng actively mentors emerging writers and participates in numerous literary festivals worldwide.

Brian Cox is a Scottish actor and director, best known for his roles in films like Braveheart and Adaptation, as well as for his portrayal of media mogul Logan Roy in the hit HBO series Succession. Cox is renowned for his commanding screen presence and his ability to convey complex, often morally ambiguous characters. He has had a distinguished career in both film and theater, earning numerous awards, including a Golden Globe for his performance in Succession. In addition to his acting work, Cox is a vocal advocate for arts education and has been involved in various charitable initiatives. His longevity and versatility have made him a respected and influential figure in the entertainment industry.
Showing 8 of 14 related collections
Discover a world of knowledge through our extensive collection of book summaries.