[Pdf free] Phishing for Phools: The Economics of Manipulation and Deception






 | #113674 in eBooks |  2015-09-22 |  2015-09-22 | File Name: B00WAM14RE


||0 of 0 people found the following review helpful.| Could we possibly be "phools" less of the time?|By PAH|We are all, to a greater or lesser extent, "phools" being "phished" almost all the time unless we are especially mindful about our purchases. The trouble is that the US economy is driven 70% we are told, by consumer spending. How much of this is essential spending, how much responsible purchasing, how much contributes to o| |George A. Akerlof, Co-Winner of the 2001 Nobel Prize in Economics|Robert J. Shiller, Co-Winner of the 2013 Nobel Prize in Economics|Winner of the 2016 Gold Medal in Economics, Axiom Business Book Awards|One of

Ever since Adam Smith, the central teaching of economics has been that free markets provide us with material well-being, as if by an invisible hand. In Phishing for Phools, Nobel Prize–winning economists George Akerlof and Robert Shiller deliver a fundamental challenge to this insight, arguing that markets harm as well as help us. As long as there is profit to be made, sellers will systematically exploit our psychological weaknesses and our ignorance thr...


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