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Product Description
The Winners Curse: Paradoxes and Anomalies of Economic Life (9780691019345): Richard H. Thaler: Books. An economic anomaly occurs when there is a difference between how standard economic theory predicts people should behave and how people actually behave. Thaler examines a number of these situations that occur in the real world and experimentally. Although everyone will recognize these situations, unfortunately much of his discussion will not be accessible to non-economists. Economists will find this an intriguing work that provides excellent reviews of some of the most recent economic research. Consequently this volume would be appropriate for libraries at universities with graduate programs in economics.-Richard C. Schiming, Mankato State Univ., Minn.Copyright 1991 Reed Business Information, Inc.
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