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"Which is more dangerous, a gun or a swimming pool? What do schoolteachers and sumo wrestlers have in common? Why do drug dealers still live with their moms? How much do parents really matter? How did the legalization of abortion affect the rate of violent crime? These may not sound like typical questions for an economist to ask. But Steven D. Levitt is not a typical economist. He is a much-heralded scholar who studies the riddles of everyday life...
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Every day, we make decisions on topics ranging from personal investments to schools for our children to the meals we eat to the causes we champion. Unfortunately, we often choose poorly. The reason, the authors explain, is that, being human, we all are susceptible to various biases that can lead us to blunder. Our mistakes make us poorer and less healthy; we often make bad decisions involving education, personal finance, health care, mortgages
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In celebration of the 10th anniversary of the landmark book Freakonomics comes this curated collection from the most readable economics blog in the universe. When Freakonomics was first published, the authors started a blog--and they’ve kept it up. The writing is more casual, more personal, even more outlandish than in their books. Now they’ve gone through and picked the best of the best. Here, they ask a host of typically off-center questions:...
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Pub. Date
[2016]
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English
Description
"A New York Times economics columnist explores the findings in recent years by scientists who have discovered that chance plays a much larger role in important life situations than most people imagine, showing how a more accurate understanding of this discovery could lead to better, richer and fairer economies and societies, "--NoveList.
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"In 2014, Liz Thames and her husband, Nate, were conventional young urban professionals working nine-to-five jobs. But the rat race had worn them down, and they dreamed of becoming modern-day homesteaders in rural Vermont. Determined to retire as early as possible in order to start living each day--as opposed to wishing time away working for the weekends--they enaceted a plan to save as much money as they could. In less than three years, Liz and Nate...
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Pub. Date
[2019]
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English
Description
"Economists have long based their forecasts on financial aggregates such as price-earnings ratios, asset prices, and exchange rate fluctuations, and used them to produce statistically informed speculations about the future--with limited success. Robert Shiller employs such aggregates in his own forecasts, but has famously complemented them with observations about the influence of mass psychology on certain events. This approach has come to be known...
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Pub. Date
2021.
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English
Description
"Every day we make choices--about food and other purchases, financial investments, our children's health and education, even the causes we champion or the planet itself. Unfortunately, we often choose poorly. Using dozens of eye-opening examples and drawing on decades of behavioral science research, Nudge shows how sensible "choice architecture" can help us to overcome the biases that lead to bad decisions and nudge us toward the best decisions for...
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