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The Winner's Curse
- Paradoxes and Anomalies of Economic Life
- Narrated by: Arthur Morey
- Length: 7 hrs and 47 mins
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Publisher's Summary
Winner of the Nobel Memorial Prize in Economic Sciences
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 trap-like efficiency we impute to them.
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- IRB
- 26-12-2021
Not for Listening
This may well be a very good book in print but definitely does not translate into the spoken word. Who on earth thought this would make a good Audio book?
Being that this fundamentally a text book, the flow is constantly broken by having to cite the references. I get that, but it makes listening to it difficult. My advice; if you really want this book, get it in hard text copy.
For me a DNF!
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