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Phishing for Phools: The Economics of Manipulation and Deception
George A. Akerlof, Robert J. Shiller
amazon.com
Akerlof wrote a famous paper on this subject called “The Market for Lemons”78—it won him a Nobel Prize. In the paper, he demonstrated that in a market plagued by asymmetries of information, the quality of goods will decrease and the market will come to be dominated by crooked sellers and gullible or desperate buyers.
Nate Silver • The Signal and the Noise: Why So Many Predictions Fail-but Some Don't
“If you’re in a market and someone’s trying to sell you something which you don’t understand,” George Akerlof told me, “you should think that they’re selling you a lemon.” Akerlof wrote a famous paper on this subject called “The Market for Lemons”78—it won him a Nobel Prize. In the paper, he demonstrated that in a market plagued by asymmetries of i
... See moreNate Silver • The Signal and the Noise: Why So Many Predictions Fail-but Some Don't
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Naked Economics: Undressing the Dismal Science (Fully Revised and Updated)
Charles Wheelan • 1 highlight
amazon.com