| The Winner's Curse: Paradoxes and Anomalies of Economic Life | 
 enlarge | Author: R H Thaler
Publisher: Princeton University Press
Category: Book
List Price: £15.95
Buy New: £12.27
You Save: £3.68 (23%)
New (15) Used (6) from £9.50
Avg. Customer Rating:  3 reviews
Sales Rank: 243259
Media: Paperback
Edition: Reprint
Number Of Items: 1
Pages: 240
Shipping Weight (lbs): 0.7
Dimensions (in): 9.1 x 5.9 x 0.6
ISBN: 0691019347
Dewey Decimal Number: 330
EAN: 9780691019345
ASIN: 0691019347
Publication Date: April 13, 1994
Availability: Usually dispatched within 1-2 business days
Condition: Brand New. Shipped from UK Mainland. Delivery is usually 3 - 4 working days from order by Royal Mail, International Delivery is by Airmail.
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| Customer Reviews:
 You have to dig to find the gold, but it is there January 5, 2006
2 out of 2 found this review helpful
This book has some profound insights into the psychology behind economic behaviour and explains a number of the paradoxes of the world of finance and investment. However, I have two issues with it. One: Thaler makes few concessions to those with no understanding of economics or psychology. Two: He continually refers to the sources material from which he draws his conclusions, which breaks the flow. These characteristics make the book pretty heavy going, but if an understanding what makes the world of finance tick is important to you then you a must read it. Just don't expect it to be easy.
 Highly Recommended! July 15, 2005
5 out of 6 found this review helpful
We highly recommend this classic of economic literature, one of the first (more or less) accessible presentations of the evidence against economic rationality. Economists have assumed, conventionally, that economic choice rests on a foundation of rationality. For instance, economists tend to think that people will put the same value on two mathematically identical offers. Yet laboratory experiments have proven what everyday experience suggests: people are not quite rational. Author Richard H. Thaler, a founding father of behavioral economics, presents convincing exhibits to make the case that the assumption of economic rationality is an awfully big pill to swallow. Stylistically, his book strikes a neat balance between accessibility and obscurity. A reader will need a certain amount of schooling in economics and a great deal of patience with academic prose to wade through every word of every chapter, although the payoff is substantial. However, it is possible for the impatient reader to get the gist by reading the introduction, the first page or two of each chapter and the epilogue. And even that is eminently worthwhile.
Interesting, useful and entertaining January 18, 2005
1 out of 3 found this review helpful
This is a rich topic and Thaler is an acknowledged expert.
He writes very well and this book is accessable to anyone.
You do not need any knowledge of finance or economics to read and enjoy this book.
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