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.
Editorial: Princeton University Press, U.S.A. (1994)
ISBN 10: 0691019347 ISBN 13: 9780691019345
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Descripción Princeton University Press, U.S.A., 1994. Soft cover. Estado de conservación: New. NEW. Nº de ref. de la librería 17JANANDES1308

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Thaler, Richard H.
Editorial: Princeton University Press (1994)
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Descripción Princeton University Press, 1994. Paperback. Estado de conservación: New. Excellent Trade PB: NEW, May have very light, normal shelf edge wear; Most intl arrive 4-10 business days. Choose Expedited or 2 day for faster delivery. Nº de ref. de la librería 902060365

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Richard H. Thaler
Editorial: Princeton University Press, United States (1994)
ISBN 10: 0691019347 ISBN 13: 9780691019345
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Descripción Princeton University Press, United States, 1994. Paperback. Estado de conservación: 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. Nº de ref. de la librería AAU9780691019345

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Richard H. Thaler
Editorial: Princeton University Press, United States (1994)
ISBN 10: 0691019347 ISBN 13: 9780691019345
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The Book Depository US
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Descripción Princeton University Press, United States, 1994. Paperback. Estado de conservación: 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. Nº de ref. de la librería AAU9780691019345

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Richard H. Thaler
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Descripción Princeton University Press, 1994. Paperback. Estado de conservación: New. book. Nº de ref. de la librería 0691019347

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Richard H. Thaler
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ISBN 10: 0691019347 ISBN 13: 9780691019345
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Descripción Princeton University Press 1994-04-13, Princeton, N.J., 1994. paperback. Estado de conservación: New. Nº de ref. de la librería 9780691019345

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Descripción Princeton University Press, 1994. Estado de conservación: 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. . . . . . . Nº de ref. de la librería V9780691019345

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Descripción Estado de conservación: New. Depending on your location, this item may ship from the US or UK. Nº de ref. de la librería 97806910193450000000

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Thaler, Richard H.
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Descripción Princeton University Press. Estado de conservación: 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. Nº de ref. de la librería V9780691019345

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Richard H. Thaler
Editorial: Princeton University Press, United States (1994)
ISBN 10: 0691019347 ISBN 13: 9780691019345
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Descripción Princeton University Press, United States, 1994. Paperback. Estado de conservación: 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. Nº de ref. de la librería BTE9780691019345

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