However, after reading the book, and especially chapter 3, “The List”, I found that the five examples offered in chapter 3 may not adequately explain that human behavior is inconsistent with economic theory and human misbehavior. In Misbehaving, Thaler provides readers with numerous fascinating examples to explain why human behavior is inconsistent with economic theory and how humans misbehave. More importantly, this book exposes the weaknesses of traditional economics, such as assuming that individuals are rational, and reveals new means and analyses that may be used to view everything in our daily lives. In addition, Thaler acquaints readers with how to make better and smarter decisions in our lives. In it, he discusses how the effects of human misbehavior on markets have been miscalculated. Thaler published the book, Misbehaving: The Making of Behavioral Economics, in 2015.
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