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A Taste of Irrationality: Sample chapters from Predictably Irrational and Upside of Irrationality
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Michael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
‘If economics isn’t behavioural, I don’t know what the hell is.’
Rory Sutherland • Alchemy: The Dark Art and Curious Science of Creating Magic in Brands, Business, and Life
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Michael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
money is the operating system of our society.
Scott Galloway • The Algebra of Wealth: A Simple Formula for Success
The idea that more trade is good (on balance) is deeply engrained in anybody who went to graduate school in economics. In May 1930, over a thousand economists had written a letter encouraging President Hoover to veto the Smoot-Hawley bill. And yet there is something else economists do know but tend to keep closely to themselves: the aggregate gains
... See moreEsther Duflo • Good Economics for Hard Times
Everything about him was peculiar, starting with motives—or at least what he believed his motives to be. He didn’t come right out with all of it on our walk, maybe because he realized how implausible it’d sound to a total stranger. He needed infinity dollars because he planned to address the biggest existential risks to life on earth: nuclear war,
... See moreMichael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
Terrorism is effective because it imposes costs on everyone, not just its direct victims. The most substantial of these indirect costs is fear of a future attack, even though such fear is grossly misplaced. The probability that an average American will die in a given year from a terrorist attack is roughly 1 in 5 million; he is 575 times more
... See moreStephen J. Dubner • SuperFreakonomics
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