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Tag: Behavioral Economics


How Markets Make Fools of Us

In their new book “Phishing for Phools: The Economics of Manipulation & Deception,” George Akerloff and Robert Shiller merge psychology with economics to give “a broader account of how and why markets produce economic harm.”

Posted on Oct 18, 2015 READ MORE


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Rational? Don’t Bet on It

Jon Stewart interviews Justin Fox, columnist for Time magazine and author of “The Myth of the Rational Market: A History of Risk, Reward and Delusion on Wall Street.” He suggests (gasp!) that markets aren’t rational and human behavior cannot always be predicted. Check out this clip from last night’s “Daily Show.”

Posted on Jul 2, 2009 WATCH & LISTEN


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