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    Summary of Misbehaving: The Making of Behavioral Economics by Richard H. Thaler
    Unavailable
    Summary of Misbehaving: The Making of Behavioral Economics by Richard H. Thaler
    Unavailable
    Summary of Misbehaving: The Making of Behavioral Economics by Richard H. Thaler
    Ebook108 pages1 hour

    Summary of Misbehaving: The Making of Behavioral Economics by Richard H. Thaler

    By Readtrepreneur Publishing

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    About this ebook

    ​Misbehaving: The Making of Behavioral Economics by Richard H. Thaler | Book Summary | Readtrepreneur
    (Disclaimer: This is NOT the original book, but an unofficial summary.)

    Winner of the Nobel Prize in Economics, Richard H. Thaler will change the way you think about economics. Misbehaving will help you make smarter, more educated decisions in an increasingly confusing world.
    (Note: This summary is wholly written and published by Readtrepreneur It is not affiliated with the original author in any way)

    "The purely economic man is indeed close to being a social moron. Economic theory has been much preoccupied with this rational fool." – Richard H. Thaler

    Richard H. Thaler challenges the basic premise in economics, where actors are considered to be rational creatures. Every day, people make decisions which deviate from the standards of rationality assumed by economists. Using recent discoveries in psychology, Thaler reveals how behavioral economic analysis discovers new ways of looking at everyday finance and overall business challenges.

    Richard H. Thaler improves the basic definition of economics where participants are rational beings and encourages the use of psychological studies in understanding the modern consumers and the effects they have on the economy as a whole.

    P.S. Misbehaving is an extremely useful book that will help you grasp the concept of modern economy and use it to improve your financial and business decisions.

    The Time for Thinking is Over! Time for Action! Scroll Up Now and Click on the "Buy now with 1-Click" Button to Get your Copy Right Away!

    Why Choose Us, Readtrepreneur?
     Highest Quality Summaries
     Delivers Amazing Knowledge
     Awesome Refresher
     Clear And Concise

    Disclaimer Once Again: This book is meant for a great companionship of the original book or to simply get the gist of the original book.

    LanguageEnglish
    PublisherReadtrepreneur Publishing
    Release dateJun 10, 2018
    ISBN9781386843856

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    Reviews for Summary of Misbehaving

    5/5

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    • 5/5
      The information in this summary is concise and well written, I liked the way the essential information from the book was summarized but I think that everyone should read the original.

      1 person found this helpful

    • 5/5
      As an economics major in college (but not career) I always thought that the mathematical models were impressive but a perfect example of GIGO (Garbage In Garbage Out.) The main problem was that they were all based on Economic Man, a mythical creature like unicorns. I never met any so I assumed that a new theory was needed. Just one example: To Economic Man the pain of losing $100 is equal to the pleasure of making $100 which we all know is not true. This book tries to bring this discrepancy in to economics by showing that Economic Man Misbehaves according to Classic but not Behavioral Economics.classical