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A review by virginiareads
Misbehaving: The Making of Behavioral Economics by Richard H. Thaler
4.0
4.25 stars
I'm reading this for a Behavioral Finance class. I read it on Kindle through Amazon Prime and then bought the paperback for easier reference.
This is more of a memoir than I realized but it also goes into some detail on some of the common biases Humans have. I have a (traditional) Finance degree and remember (x number of years ago) when I was taking those finance classes thinking this isn't/can't be the real world. He and others in the field of behavioral economics/finance distinguish between Econs (the ones we learn about it traditional finance classes) and Humans (me, my friends and family, and the clients I have worked with over the years.)
I'm familiar with many of the players Thaler talks about in the book, so I didn't feel it was name-dropping as I've seen some reviews say, but rather giving credit to those who paved the way or helped him find his way. This is an entertaining book, but those without a finance or psychology background may find some of the details cumbersome or dense. Thaler seems like he could be a fun guy to hang out with. But you'll probably want to bring your own cashews.
I'm reading this for a Behavioral Finance class. I read it on Kindle through Amazon Prime and then bought the paperback for easier reference.
This is more of a memoir than I realized but it also goes into some detail on some of the common biases Humans have. I have a (traditional) Finance degree and remember (x number of years ago) when I was taking those finance classes thinking this isn't/can't be the real world. He and others in the field of behavioral economics/finance distinguish between Econs (the ones we learn about it traditional finance classes) and Humans (me, my friends and family, and the clients I have worked with over the years.)
I'm familiar with many of the players Thaler talks about in the book, so I didn't feel it was name-dropping as I've seen some reviews say, but rather giving credit to those who paved the way or helped him find his way. This is an entertaining book, but those without a finance or psychology background may find some of the details cumbersome or dense. Thaler seems like he could be a fun guy to hang out with. But you'll probably want to bring your own cashews.