Summaries of books by Richard H. Thaler:
Nudge
The Final Edition
Richard H. Thaler, Cass R Sunstein
The book explores how subtle policy changes and choice architecture can influence people's decisions in beneficial ways without restricting freedom of choice. It provides updated evidence on the power of nudges in various domains, such as health, finance, and environmental conservation, to improve individual and collective well-being.
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The Winner's Curse
Paradoxes and Anomalies of Economic Life
Richard H. Thaler
The book explores the quirks and irrational behaviors in economic decision-making, challenging traditional economic theories by highlighting real-world examples of anomalies and paradoxes that defy conventional wisdom. It delves into the psychology behind choices and the impact of social preferences, market strategies, and game theory on consumer behavior and market outcomes.
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