Review of
"Misbehaving The Making of Behavioral Economics" By
Richard H. Thaler, Instaread summary
Reading through
this summary of “Misbehaving . . . “ I was convinced that I had to read the
book. For it appears likely that it will be the best economics book that I have
ever read. As a mathematician, I work with equations and have many times read
material that uses mathematical formulas to predict human economic behavior. In
many ways it is a case of “pure ivory tower,” for humans do not behave
rationally. All you have to do is attend an auction to see this in action.
The author of
the summary writes with a very engaging style, it is clear that they understand
the underlying economic and psychological behavior of humans regarding their
assets. No one assigns value to their money and possessions based on the
specific monetary value. I have witnessed siblings easily distributing items of
high value and then bitterly arguing over items of little monetary value. That
is just the way things are.
This book was made available for free for review
purposes
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