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A review by booksaremyjam
Misbehaving: The Making of Behavioral Economics by Richard H. Thaler
2.0
I have taken psychology classes and classes centering around morality and classes centering on economics. I had hoped this book would assume a base level of knowledge, and dig deep on the concepts. Instead, it was a very broad stroke overview of behavioral economics, that honestly felt more self-reflection than scholarly. Thaler basically wrote a memoir, peppered in some basic studies that most people have already heard about, and was like "yo, my friends and I are smart!"
Here, I'll tell you the "ending" so you don't have to read this book: humans don't act like economic models, because humans aren't machines. They weight and value things differently, which changes how they view gains and losses. Who'da thunk it?!
...
Here, I'll tell you the "ending" so you don't have to read this book: humans don't act like economic models, because humans aren't machines. They weight and value things differently, which changes how they view gains and losses. Who'da thunk it?!
...