Examines the study of human miscalculations and their effect on the markets, shares insights into behavioral economics and making better personal decisions on how to use time and money.
The celebrated economist and coauthor of the bestselling Nudge on the revolution that incorporated human behavior into our understanding of markets
“A founding father of behavioral economics” (Chicago Tribune), Richard H. Thaler has spent his career investigating the radical notion that the central agents in the economy are humans—error-prone but predictable individuals. Once dismissed by economists as an amusing sideshow, the study of human miscalculations and their effects on markets now drives efforts to make better decisions in our lives, our businesses, and our governments.Misbehaving spans Thaler’s decades as a leader in this transformation and reveals how the insights of behavioral economics can help everyone think more intelligently about their time and their money.
With relatable examples from everyday life—investments, household spending—to television game show dilemmas and the NFL draft,Misbehaving offers a present-at-the-creation account of Thaler’s battle to upend traditional economic thinking. As listenable asFreakonomics, as provocative as Thinking, Fast and Slow, Misbehaving is a singular look into profound human foibles—one that will have listeners retooling their grocery lists and rethinking their retirement plans.
