The Winner's Curse: Paradoxes and Anomalies of Economic Life

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9780691019345: The Winner's Curse: Paradoxes and Anomalies of Economic Life

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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About the Author:

Richard H. Thaler is the Henrietta Johnson Louis Professor of Economics at the Johnson Graduate School of Management at Cornell University.

From Library Journal:

An economic anomaly occurs when there is a difference between how standard economic theory predicts people should behave and how people actually behave. Thaler examines a number of these situations that occur in the real world and experimentally. Although everyone will recognize these situations, unfortunately much of his discussion will not be accessible to non-economists. Economists will find this an intriguing work that provides excellent reviews of some of the most recent economic research. Consequently this volume would be appropriate for libraries at universities with graduate programs in economics.
-Richard C. Schiming, Mankato State Univ., Minn.
Copyright 1991 Reed Business Information, Inc.

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Thaler, Richard H.
Editore: Princeton University Press, U.S.A. (1994)
ISBN 10: 0691019347 ISBN 13: 9780691019345
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Descrizione libro Princeton University Press, U.S.A., 1994. Soft cover. Condizione libro: New. NEW. Codice libro della libreria 17JANANDES1308

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Richard H. Thaler
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Descrizione libro Princeton University Press, United States, 1994. Paperback. Condizione libro: New. Reprint. Language: English . Brand New Book. 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. Codice libro della libreria AAU9780691019345

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Richard H. Thaler
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Descrizione libro Princeton University Press, United States, 1994. Paperback. Condizione libro: New. Reprint. Language: English . Brand New Book. 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. Codice libro della libreria AAU9780691019345

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Descrizione libro Princeton University Press, 1994. Paperback. Condizione libro: New. book. Codice libro della libreria 0691019347

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Descrizione libro Princeton University Press 1994-04-13, Princeton, N.J., 1994. paperback. Condizione libro: New. Codice libro della libreria 9780691019345

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Descrizione libro Condizione libro: New. Depending on your location, this item may ship from the US or UK. Codice libro della libreria 97806910193450000000

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Descrizione libro Princeton University Press, 1994. Condizione libro: New. 1994. Paperback. Challenges the received economic wisdom by revealing many of the paradoxes that abound even in the most painstakingly constructed transactions. The author 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". Num Pages: 240 pages, Ill. BIC Classification: KCA. Category: (P) Professional & Vocational; (U) Tertiary Education (US: College). Dimension: 235 x 156 x 17. Weight in Grams: 352. . . . . . . Codice libro della libreria V9780691019345

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Descrizione libro Princeton University Press. Condizione libro: New. 1994. Paperback. Challenges the received economic wisdom by revealing many of the paradoxes that abound even in the most painstakingly constructed transactions. The author 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". Num Pages: 240 pages, Ill. BIC Classification: KCA. Category: (P) Professional & Vocational; (U) Tertiary Education (US: College). Dimension: 235 x 156 x 17. Weight in Grams: 352. . . . . . Books ship from the US and Ireland. Codice libro della libreria V9780691019345

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Richard H. Thaler
Editore: Princeton University Press, United States (1994)
ISBN 10: 0691019347 ISBN 13: 9780691019345
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Descrizione libro Princeton University Press, United States, 1994. Paperback. Condizione libro: New. Reprint. Language: English . This book usually ship within 10-15 business days and we will endeavor to dispatch orders quicker than this where possible. Brand New Book. 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. Codice libro della libreria BTE9780691019345

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Richard H. Thaler
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ISBN 10: 0691019347 ISBN 13: 9780691019345
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Descrizione libro Princeton University Press. Paperback. Condizione libro: new. BRAND NEW, The Winner's Curse: Paradoxes and Anomalies of Economic Life, Richard H. Thaler, 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. Codice libro della libreria B9780691019345

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