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The Winner's Curse: Paradoxes and Anomalies of Economic Life
by Richard H. Thaler
from Princeton University Press
Customer Reviews:
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Avg. Customer Rating: 4.0 / 5.0 
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Very good seller. Shipped Quickly. Product in Great Condition. 
The seller was prompt and the product was like new. What else can you ask for? Great transaction.
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Very interesting
It gives you a great overview of some of the strange inconsitencies in human behavior. It is more than just a finance book and has many interesting stories that you can talk about with friends later.
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Behavioral economics for the real world. 
The "Winners Curse" is a book about behavioral economics. It applies experimental human psychological studies to economic behavior. It consists of 14 chapters, each devoted to a different "anomaly" in economic behavior. The term anomaly is used by the author to denote behavior that runs counter to the assumptions of most theoretical economic models, which assume that people act in a rational and greedy manner. To me (not an economist), that anyone would base a theory on the assumptions of rational human... more info
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Highly Recommended!
We highly recommend this classic of economic literature, one of the first (more or less) accessible presentations of the evidence against economic rationality. Economists have assumed, conventionally, that economic choice rests on a foundation of rationality. For instance, economists tend to think that people will put the same value on two mathematically identical offers. Yet laboratory experiments have proven what everyday experience suggests: people are not quite rational. Author Richard H. Thaler, a... more info
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