The Winner's Curse (inbunden)
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Format
Häftad (Paperback / softback)
Språk
Engelska
Antal sidor
240
Utgivningsdatum
1994-01-01
Upplaga
Reprinted e.
Utmärkelser
Winner of 2017 Nobel Prize in Economics 2017
Förlag
Princeton University Press
Originalspråk
English
Illustrationer
Ill.
Dimensioner
237 x 157 x 17 mm
Vikt
355 g
Antal komponenter
1
ISBN
9780691019345

The Winner's Curse

Paradoxes and Anomalies of Economic Life

av Richard H Thaler
Häftad,  Engelska, 1994-01-01
194
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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. An ebook edition is available from The Free Press at leading on-line booksellers.
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"By unraveling a series of real-world puzzles with philosophical and practical implications, Thaler illuminates some fairly abstruse ideas in an entertaining way... The best minds in economics today, as Thaler's provocative book suggests, are trying to supplement [insights into markets and prices] with a broader understanding of what makes people tick."--Christopher Farrell, Business Week "Richard Thaler ... stylishly recounts empirical findings that skewer hitherto sheltered economic beliefs."--Lola L. Lopes, Contemporary Psychology

Övrig information

Richard H. Thaler, the winner of the 2017 Nobel Prize in economics, is the Charles R. Walgreen Distinguished Service Professor of Behavioral Science and Economics at the University of Chicago Booth School of Business.

Innehållsförteckning

Acknowledgments1Introduction12Cooperation63The Ultimatum Game214Interindustry Wage Differentials365The Winner's Curse506The Endowment Effect, Loss Aversion, and Status Quo Bias637Preference Reversals798Intertemporal Choice929Savings, Fungibility, and Mental Accounts10710Pari-mutuel Betting Markets12211Calendar Effects in the Stock Market13912A Mean Reverting Walk Down Wall Street15113Closed-End Mutual Funds16814Foreign Exchange18215Epilogue197References199Index225

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