The Winner's Curse

Paradoxes and Anomalies of Economic Life
Author(s): Richard Thaler
Original Publish Date: Mar 06, 2018
eAudio - unabridged
Audio (7.78 hours)
Product Number: Z100136783
Released: Mar 06, 2018
Business Term: 2 Year
ISBN: #9781508256861
Narrator/s: Arthur Morey
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Winner of the Nobel Memorial Prize in Economic Sciences 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.

All formats/editions

Author(s): Richard Thaler
Product Number EB00560949
Released: Sep 11, 2014
Business Term: 2 Year
Publisher: Free Press
ISBN: #9781451697872

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