Misbehaving The Making Of Behavioral Economics

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Summary Of Misbehaving

Author : Readtrepreneur Publishing
ISBN : 1690405031
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​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.
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Misbehaving

Author : Richard H Thaler
ISBN : 9780141966151
Genre : Business & Economics
File Size : 25.65 MB
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RICHARD H. THALER: WINNER OF THE 2017 NOBEL PRIZE IN ECONOMICS Shortlisted for the Financial Times and McKinsey Business Book of the Year Award ECONOMIST, FINANCIAL TIMES and EVENING STANDARD books of the year From the renowned and entertaining behavioural economist and co-author of the seminal work Nudge, Misbehaving is an irreverent and enlightening look into human foibles. Traditional economics assumes that rational forces shape everything. Behavioural economics knows better. Richard Thaler has spent his career studying the notion that humans are central to the economy - and that we're error-prone individuals, not Spock-like automatons. Now behavioural economics is hugely influential, changing the way we think not just about money, but about ourselves, our world and all kinds of everyday decisions. Whether buying an alarm clock, selling football tickets, or applying for a mortgage, we all succumb to biases and make decisions that deviate from the standards of rationality assumed by economists. In other words, we misbehave. Dismissed at first 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. Coupling recent discoveries in human psychology with a practical understanding of incentives and market behaviour, Thaler enlightens readers about how to make smarter decisions in an increasingly mystifying world. He reveals how behavioural economic analysis opens up new ways to look at everything from household finance to assigning faculty offices in a new building, to TV quiz shows, sports transfer seasons, and businesses like Uber. When economics meets psychology, the implications for individuals, managers and policy makers are both profound and entertaining.
Category: Business & Economics

Misbehaving

Author : Instaread
ISBN : 9781944195649
Genre : Business & Economics
File Size : 66.70 MB
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Misbehaving by Richard H. Thaler | Key Takeaways & Analysis Preview: Misbehaving: The Making of Behavioral Economics is an introduction to behavioral economics and an account of Richard H. Thaler’s role in developing and popularizing the field. The traditional economic theory of the 1970s presumed that people made economic decisions rationally. In this economic vision, rational individuals—or Econs, as Thaler calls them—know what they want, and they know how much they value the things they want… PLEASE NOTE: This is key takeaways and analysis of the book and NOT the original book. Inside this Instaread of Misbehaving: · Overview of the book · Important People · Key Takeaways · Analysis of Key Takeaways
Category: Business & Economics

Summary

Author : Executive Reads
ISBN : 9798646475443
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File Size : 61.35 MB
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Whether you're considering reading Richard Thaler's Misbehaving or you need some help recalling the key concepts, this Executive Reads summary has you covered.In this summary quickly grasp the key ideas in Misbehaving: The Making of Behavioral Economics in less than one hour.Learn about: -The underlying problems with traditional economics models-How the pioneers of behavioral economics came together-How they formed their ideas-How these ideas can apply to your life and businessIncludes: -Important Concepts discussed in the book.-Summary of the chapters in the book itself.Executive Reads values concise, accurate, and insightful information. We want you to be able to choose the business books you spend the most time with and call upon them later when you need to use the ideas in your caree
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Summary Misbehaving

Author : Readtrepreneur Publishing
ISBN : 1986651665
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File Size : 50.3 MB
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Misbehaving: The Making of Behavioral Economics by Richard H. Thaler | Book Summary | Readtrepreneur (Disclaimer: This is NOT the original book. If you're looking for the original book, search this link:http://amzn.to/2hOXlc3) 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.com 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 Delivered to Your Doorstep 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. If you're looking for the original book, search for this link: http://amzn.to/2hOXlc3
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Guide To Richard H Thaler S Misbehaving

Author : Richard H. Thaler
ISBN : 1545084165
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File Size : 83.78 MB
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PLEASE NOTE: THIS IS A GUIDE TO THE ORIGINAL BOOK. Guide to Richard H. Thaler's Misbehaving Preview: Misbehaving: The Making of Behavioral Economics is an introduction to behavioral economics and an account of Richard H. Thaler's role in developing and popularizing the field. The traditional economic theory of the 1970s presumed that people made economic decisions rationally. In this economic vision, rational individuals-or Econs, as Thaler calls them-know what they want, and they know how much they value the things they want... Inside this companion: -Overview of the book -Important People -Key Insights -Analysis of Key Insights
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How Behavioral Economics Influences Management Decision Making

Author : Kelly Monahan
ISBN : 9780128135686
Genre : Business & Economics
File Size : 68.1 MB
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How Behavioral Economics Influences Management Decision-Making: A New Paradigm critically reexamines the management function in 21st century workplaces. The book seeks to examine and explain the real-world behaviors of employees and acknowledge the human nature that binds us all together and how to appeal to these characteristics in order to help organizations prosper. It explores well-observed but rarely understood features of employee cognition and irrationality, challenging the dominant discourse and offering an alternative to gain greater competitive advantage in today's complex markets. It also provides an effective new framework on the best ways to develop relevant management skills as they pertain to hiring, performance management, change management, employee engagement, and goal setting. As the knowledge economy continues to grow, the social bonds within companies will prove to be a key differentiation to deliver on the next big idea. Developing productive decisions with staff in the talent-driven global economy increasingly requires the development of "intrinsic" meaning in work, a human-centered work-place culture, and human-focused working practices. This book tackles these topics in comprehensive and efficient detail. Provides a framework to simply and effectively apply behavioral principles in organizations of any size Focuses on agent motivations and behavior and how they directly impact talent management in the knowledge economy Highlights empirical studies, detailing the impact of heuristics on hiring, performance management, change management, employee engagement, and goal-setting decisions
Category: Business & Economics

The Beginnings Of Behavioral Economics

Author : Roger Frantz
ISBN : 9780128157053
Genre : Business & Economics
File Size : 22.32 MB
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The Beginnings of Behavioral Economics: Katona, Simon, and Leibenstein's X-Efficiency Theory explores the mid-20th century roots of behavioral economics, placing the origin of this now-dominant approach to economic theory many years before the groundbreaking 1979 work on prospect theory by Daniel Kahneman and Amos Tversky. It discusses the work of Harvey Leibenstein, Herbert Simon, George Katona, and Frederick Hayek, reintroducing their contributions as founding pillars of the behavioral approach. It concentrates on the work of Leibenstein, reviewing his nuanced introduction of X-efficiency theory. Building from these foundations, the work explores the body of empirical research on market power and firm behavior – XE relationship. This book is a tremendous resource for graduate students and early career researchers in behavioral economics, experimental economics, organizational economics, social and organizational psychology, labor market economics and public policy. Reviews the powerful, but neglected contributions of mid-20th century scholars, like Leibenstein and Katona in building the roots of behavioral economic theory Amalgamates and reviews 50 years of empirical research and over 200 empirical papers on X-efficiency theory Establishes how X-efficiency can aid modern behavioral economics in further developing firm theory and understanding efficiency wages
Category: Business & Economics

Behavioral Economics For Tourism

Author : Milena S. Nikolova
ISBN : 9780128138120
Genre : Business & Economics
File Size : 25.84 MB
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Behavioral Economics for Tourism applies behavioral perspectives to business and policy challenges in the tourism industry. The book enables professionals and early career researchers to succeed by focusing on market and consumer trends, technological advancements, and the modern tourist. It covers the transformation of purchasing decisions, tourism hosting dynamics, digital mediation and disintermediation of tourism organizations, service design, and planning policy considerations. The volume concludes with case studies illustrating successful and unsuccessful behavioral tactics and strategies for tourism businesses and organizations. Provides behavioral profiling of the digitally-informed, mobile, self-managed tourist Allows the tourism industry to better understand tourists, both cognitively and emotionally Supports business success, technology development and sustainability in the tourism industry Features case studies on behavioral tactics and strategies for use in tourism
Category: Business & Economics

Nudge

Author : Richard H. Thaler
ISBN : 9781101655092
Genre : Business & Economics
File Size : 53.58 MB
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From the winner of the Nobel Prize in Economics, Richard H. Thaler, and Cass R. Sunstein: a revelatory look at how we make decisions—for fans of Malcolm Gladwell’s Blink and Daniel Kahneman’s Thinking, Fast and Slow * More than 1.5 million copies sold * New York Times bestseller * Named a Best Book of the Year by The Economist and the Financial Times Every day we make choices—about what to buy or eat, about financial investments or our children’s health and education, even about the causes we champion or the planet itself. Unfortunately, we often choose poorly. Nudge is about how we make these choices and how we can make better ones. Using dozens of eye-opening examples and drawing on decades of behavioral science research, Nobel Prize winner Richard H. Thaler and Harvard Law School professor Cass R. Sunstein show that no choice is ever presented to us in a neutral way, and that we are all susceptible to biases that can lead us to make bad decisions. But by knowing how people think, we can use sensible “choice architecture” to nudge people toward the best decisions for ourselves, our families, and our society, without restricting our freedom of choice.
Category: Business & Economics

Summary Of Misbehaving By Richard H Thaler Conversation Starters

Author : Bookhabits
ISBN : 1389027732
Genre : Education
File Size : 75.61 MB
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Misbehaving by Richard H. Thaler: Conversation Starters Misbehaving: The Making of Behavioral Economics, written by Nobel Prize-winning economist Richard Thaler, is a follow up from his previous book, Nudge. Much of Thaler's work has been in supporting his beliefs in behavioral economics-this book is no different. In the book, Thaler presents his ideas that people have behavioral biases, are prone to error, and do not always think rationally. The book is written as a memoir, of sorts, and presents his ideas and experiences to the reader. Misbehaving: The Making of Behavioral Economics was a nominee for the Financial Times and McKinsey Business Book of the Year shortlist in 2015. A Brief Look Inside: EVERY GOOD BOOK CONTAINS A WORLD FAR DEEPER than the surface of its pages. The characters and their world come alive, and the characters and its world still live on. Conversation Starters is peppered with questions designed to bring us beneath the surface of the page and invite us into the world that lives on. These questions can be used to... Create Hours of Conversation: - Promote an atmosphere of discussion for groups - Foster a deeper understanding of the book - Assist in the study of the book, either individually or corporately - Explore unseen realms of the book as never seen before Disclaimer: This book you are about to enjoy is an independent resource meant to supplement the original book. If you have not yet read the original book, we encourage you to before purchasing this unofficial Conversation Starters.
Category: Education

Summary Of Misbehaving

Author : Instaread
ISBN : 1530128358
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PLEASE NOTE: This is key takeaways and analysis of the book and NOT the original book. Misbehaving by Richard H. Thaler | Key Takeaways & Analysis Preview: Misbehaving: The Making of Behavioral Economics is an introduction to behavioral economics and an account of Richard H. Thaler's role in developing and popularizing the field. The traditional economic theory of the 1970s presumed that people made economic decisions rationally. In this economic vision, rational individuals--or Econs, as Thaler calls them--know what they want, and they know how much they value the things they want... Inside this Instaread of Misbehaving: · Overview of the book · Important People · Key Takeaways · Analysis of Key Takeaways About the Author With Instaread, you can get the key takeaways and analysis of a book in 15 minutes. We read every chapter, identify the key takeaways and analyze them for your convenience.
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Getting Back To Business Why Modern Portfolio Theory Fails Investors And How You Can Bring Common Sense To Your Portfolio

Author : Daniel Peris
ISBN : 9781260135336
Genre : Business & Economics
File Size : 68.66 MB
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Modern Portfolio Theory has failed investors. A change in direction is long overdue. We are in a time of enormous risk. Economic growth is anemic, and political risk to the capital markets is on the rise. In the U.S., a generation of white collar baby-boomers is heading into retirement with insufficient assets in their 401(k) programs, and industrial workers are stuck with materially underfunded pension plans. Against that backdrop, the investing industry’s current set of practices and assumptions—Modern Portfolio Theory (MPT)—is based on a half-century old formula that is supposed to deliver the maximum amount of return for a given amount of risk. The trouble is that it doesn’t work very well. In Getting Back to Business, dividend-investing guru Daniel Peris proposes a radical new approach—radical in that it does away with MPT in favor of a more intuitive, common-sense approach practiced by business people in their own affairs everyday: cash returns on cash investments. “In a profession utterly lacking a historical sensibility,” Peris writes. “One periodically needs to ask why we do things the way we do, how we got here, and whether perhaps there is a better way.” Balancing detailed historical evidence with a practitioner’s real-world expertise, Peris asks the right questions—and provides a solution that makes sense in today’s challenging investing landscape.
Category: Business & Economics

Solving For Project Risk Management Understanding The Critical Role Of Uncertainty In Project Management

Author : Christian Smart
ISBN : 9781260473841
Genre : Business & Economics
File Size : 83.98 MB
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Risk is real—but you can manage it with this hard-hitting guide to reducing risk on any project, in any industry All projects, large and small, are subject to various risks. But the failure to manage inherent risk with diligence and know-how can lead to devastating consequences for an organization. In this comprehensive hands-on guide, a renowned expert in the field provides everything organizations need to conduct project risk management the right way. Why do so many projects come in over schedule and over budget? How do projected expenditures and schedules line up with reality? How can you accurately assess risk to mitigate financial disaster? Through a methodical, statistics-based approach, Christian B. Smart reveals: The enduring problem of cost and schedule growth How rigorous project risk management can reduce the impact of uncertainty The systematic tendency to underestimate risk—and how to avoid it Ways to accurately assess confidence levels in project risk management The need for proper risk management at the portfolio level The author lays out common problems and explains how to effectively solve them. And while he employs a wealth of illustrative charts, graphs, and statistics, he presents the material in an accessible style, and peppers the text with powerful personal anecdotes. Ideal for project managers, business analysts, and senior decision makers in both the public and private sectors, Solving for Project Risk Management offers everything you need to ensure your projects run smoothly, on budget, and deliver the expected outcomes.
Category: Business & Economics

Delivering Alpha Lessons From 30 Years Of Outperforming Investment Benchmarks

Author : Hilda Ochoa-Brillembourg
ISBN : 9781260441499
Genre : Business & Economics
File Size : 84.51 MB
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From a former World Bank Executive and renowned investor—a detailed roadmap to adding consistent, sustainable value to globally diversified portfolios For many investors, alpha is akin to the Holy Grail. Risk-adjusted returns above benchmarks—alpha—are particularly challenging to achieve even with a sound strategy. Hilda Ochoa-Brillembourg is an expert on alpha. Over the past four decades, she and her team consistently exceeded benchmarks and delivered appreciable value added on their investments. In Delivering Alpha, she reveals the principles and methods employed in her investment strategies, along with insights drawn from her personal life. She shows how timing, market awareness, price, and relative value to the investor are critical drivers of effective investment decisions. Ochoa-Brillembourg also debunks common investment myths that often trip up both new and experienced investors. Delivering Alpha provides practical advice on: •Creating successful decision-making governance to reduce errors and correctly assign responsibilities and incentives •Dealing thoughtfully and effectively with governance challenges•Building the right policy portfolio, specifying desired allocations to each asset class•Structuring asset classes and adding value-oriented or other opportunistic “tilts”•Measuring and managing risks, avoiding common mistakes, and more Light on theory and serious on practice, this book is the culmination of a lifetime’s experience from one of the most successful women in finance. It’s essential reading for investors looking to add sustainable value to globally diversified portfolios.
Category: Business & Economics

The Last Driver S License Holder Has Already Been Born How Rapid Advances In Automotive Technology Will Disrupt Life As We Know It And Why This Is A Good Thing

Author : Mario Herger
ISBN : 9781260441390
Genre : Business & Economics
File Size : 34.65 MB
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How the radical disruption of the auto industry affects you—and how you can prepare for the soon-to-be “new normal” The combined effect of autonomous driving, electric vehicles, and the sharing economy is on the verge of changing the auto industry—all within the next decade. And this tech/economics revolution will touch virtually every industry. What exactly will change? Jobs: Demand for commercial vehicle drivers, car dealers, mechanics, doctors, and many other professions will shrink Laws: Manually driving cars will be forbidden—and car ownership will be almost nonexistent Housing: Prices will drop and cities and towns will be planned differently Healthcare: Infrastructure will shrink as traffic accidents dramatically decline Global trade: China will become the world’s biggest automotive exporter The Last Driver License Holder Has Already Been Born provides the information and insight you need to position your company for these groundbreaking changes. It reveals the disruptive technologies now taking shape and provides a timeline of when they will take hold. It examines the impact on the industry itself, as well as adjacent sectors, including jobs and professions, city and street design, hospitals, insurances, politics, security, hospitality industry, the oil industry, real estate, and society at large. And it provides the knowledge and insight you need to keep yourself and your organization ahead of the curve—and in front of the competition.
Category: Business & Economics

The Oxford Handbook Of Behavioral Economics And The Law

Author : Eyal Zamir
ISBN : 9780199397952
Genre : Business & Economics
File Size : 24.9 MB
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The past twenty years have witnessed a surge in behavioral studies of law and law-related issues. These studies have challenged the application of the rational-choice model to legal analysis and introduced a more accurate and empirically grounded model of human behavior. This integration of economics, psychology, and law is breaking exciting new ground in legal theory and the social sciences, shedding a new light on age-old legal questions as well as cutting edge policy issues. The Oxford Handbook of Behavioral Economics and Law brings together leading scholars of law, psychology, and economics to provide an up-to-date and comprehensive analysis of this field of research, including its strengths and limitations as well as a forecast of its future development. Its 29 chapters organized in four parts. The first part provides a general overview of behavioral economics. The second part comprises four chapters introducing and criticizing the contribution of behavioral economics to legal theory. The third part discusses specific behavioral phenomena, their ramifications for legal policymaking, and their reflection in extant law. Finally, the fourth part analyzes the contribution of behavioral economics to fifteen legal spheres ranging from core doctrinal areas such as contracts, torts and property to areas such as taxation and antitrust policy.
Category: Business & Economics

Advances In Behavioral Economics

Author : Leonard Green
ISBN : UOM:49015000303231
Genre : Behaviorism (Psychology)
File Size : 72.56 MB
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Category: Behaviorism (Psychology)