Psychology · 20 min
The Winner's Curse: Behavioral Economics Anomalies, Then and Now
By Richard H. Thaler
This episode dissects the Winner's Curse, a core concept in behavioral economics, revealing how psychological biases and competitive pressures often lead to overpayment and suboptimal decisions. It challenges the notion of rational economic behavior, offering a deeper understanding of human choice.
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Category
Psychology
Duration
20 min
What it is about
winner's curse, behavioral economics, cognitive biases
Who it is for
Best suited to listeners who want a clearer working understanding of winner's curse, behavioral economics, cognitive biases and better judgment in how they apply it.
The author
Richard H. Thaler brings a credible and useful lens to winner's curse, behavioral economics, cognitive biases, with enough subject command to make the book worth hearing.
About the author
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