Books like The winner's curse by Richard H. Thaler

Name: The winner's curse
Rating: 4 (3 reviews)
Author: Richard H. Thaler

📘 The winner's curse by Richard H. Thaler

In *The Winner’s Curse*, Richard H. Thaler demonstrates that even well‑structured transactions can give rise to counterintuitive outcomes. He illustrates these anomalies through clear, often humorous examples—why auction winners often overpay, why gamblers double down on long shots after losses, why shoppers miss out on identical discounts, and why sports fans overvalue personal Super Bowl tickets. These cases reveal that markets do not always function with the near‑perfect efficiency assumed by classical theory. Thaler uses these observations to challenge the prevailing economic wisdom and to encourage economists and practitioners alike to adopt a more nuanced, human‑centered perspective—one that acknowledges both self‑interest and the capacity for people to promote others’ well‑being.

First publish date: 1992

Genre: Business & Economics/Finance

Authors: Richard H. Thaler

★ ★ ★ ★ ★ 4.0 (3 community ratings)

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Some Other Similar Books

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