Misbehaving
Misbehaving
Richard H. Thaler
Peter Mallouk
Peter Mallouk mentioned this book on Twitter.
+
1
All books

Misbehaving

Misbehaving: The Making of Behavioral Economics

Richard H. Thaler
By
Richard H. Thaler
4.2
21687
ratings on Goodreads

In "Misbehaving," Nobel laureate Richard H. Thaler unveils the often overlooked human side of economics—a world where the actors are not the rational calculators of traditional theory but flawed and predictably irrational beings. Thaler, with wit and wisdom, narrates his journey of challenging the economic status quo, merging psychology with economics to illustrate not just how people actually make decisions, but how these decisions can sometimes go awry. From the personal to the global scale, Thaler demonstrates that understanding our "misbehavior" is crucial to better decision-making in finance, policy, and daily life. Through a blend of captivating anecdotes and accessible explanations, Thaler invites readers into the intriguing world of behavioral economics. "Misbehaving" is more than a recount of Thaler's academic adventures—it's a manifesto for a more realistic and human-centric approach to economics. By showing how our biases and errors influence markets and decision-making, Thaler not only challenges conventional economic wisdom but also provides a framework for improving our choices, policies, and understanding of the world around us. This book is an essential read for anyone curious about the real forces that drive our economy and how we might navigate them more wisely.

Read more
Released
2016
14 Jun
Length
358
Pages

1

recommendations

recommendation

Peter Mallouk mentioned this book on Twitter.
Psychologists tell us that in order to learn from experience, two ingredients are necessary: frequent practice and immediate feedback.
— Richard H. Thaler, Misbehaving

Similar recommendations

View all
The Rational Optimist
11
people
person
The Changing World Order
9
people
person
The Wealth of Nations
8
people
person
Economics in One Lesson
7
people
person
The Sovereign Individual
The Sovereign Individual
James Dale Davidson
7
people
person
The Rise and Fall of American Growth
6
people
person
Capital in the Twenty-First Century
4
people
person
The Law
The Law
Frédéric Bastiat
4
people
person
The Road to Serfdom
4
people
person
Freakonomics
Freakonomics
Steven D. Levitt
3
people
person

This site is part of Amazon’s Associates Program. Purchasing books recommended by successful individuals through my links earns us a small commission, helping keep the site running, at no additional cost to you. Thank you for supporting our site!