02523cam a22003135a 4500999001700000001000900017005001700026008004100043010001700084020004300101040003300144042000800177082002100185100003800206245007600244250001200320260004800332300002600380504006700406505104100473520041901514586004401933650004501977651001002022653002502032655001702057942000802074952012702082 c26991d269631850372620181114115101.0150223t2015 nyu frb 001 0 eng d a 2015004600 a9780393080940 (hardcover : alk. paper) aDLCbengcDLCdDLCdEG-ScBUE apcc04a330.019bTHA2221 aThaler, Richard H.,d1945-94193110aMisbehaving :bthe making of behavioral economics /cRichard H. Thaler. a1st ed. aNew York :bW.W. Norton & Company,cc.2015. axvi, 415 p. ;c25 cm. aIncludes bibliographical references (pages 373-391) and index.0 aI. Beginnings : 1970-78. Supposedly irrelevant factors ; The endowment effect ; The list ; Value theory ; California dreamin' ; The gauntlet -- II. Mental accounting : 1979-85. Bargains and rip-offs ; Sunk costs ; Buckets and budgets ; At the poker table -- III. Self-Control : 1975-88. Willpower No problem ; The Planner and the doer -- Interlude. Misbehaving in the real world -- IV. Working With Danny : 1984-85. What seems fair? ; Fairness games ; Mugs -- V. Engaging with the economics profession: 1986-94. The debate begins ; Anomalies ; Forming a team ; Narrow framing on the Upper East Side -- VI. Finance : 1983-2003. The beauty contest ; Does the stock market overreact?; The reaction to overreaction ; The price Is not right ; The battle of closed-end funds ; Fruit flies, icebergs, and negative stock prices -- VII. Welcome to Chicago : 1995-present . Law schooling ; The offices ; Football ; Game shows -- VIII. Helping out : 2004-present. Save more tomorrow ; Going public ; Nudging in the U.K. ; Conclusion: What is next? a"Traditional economics assumes rational actors. Early in his research, Thaler realized these Spock-like automatons were nothing like real people. Whether buying a clock radio, selling basketball tickets, or applying for a mortgage, we all succumb to biases and make decisions that deviate from the standards of rationality assumed by economists. In other words, we misbehave. More importantly, our misbehavior has  aWinner of the Nobel prize in Economics. 7aEconomicsxPsychological aspects.2BUEsh 2BUEsh bBUSECOcNovember2018 vReading book 2ddc 00102ddc40708BaccahaMAINbMAINc1STd2018-11-14ePurchaseg520.00l0o330.019 THAp000043919r2018-11-14 00:00:00yBB