Ben Waber reviewed Winner's Curse by Richard H. Thaler
A Refreshingly Rigorous Book on Economic Anomalies
5 stars
I was pleasantly surprised when this book turned out to be a rigorous, systematic review of the economic and psychology literature around how reality clashes with "rational actor" models and how to explain those differences. Rather than flitting from interesting study to interesting study, Thaler works through topics one at a time, pulling from his own research and others in the field. I particularly liked the sections on employee compensation and stock market performance. Highly recommend
I was pleasantly surprised when this book turned out to be a rigorous, systematic review of the economic and psychology literature around how reality clashes with "rational actor" models and how to explain those differences. Rather than flitting from interesting study to interesting study, Thaler works through topics one at a time, pulling from his own research and others in the field. I particularly liked the sections on employee compensation and stock market performance. Highly recommend