Tag: behavioral economics
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SuperFreakonomics (by Steven D. Levitt & Stephen J. Dubner)
SuperFreakonomics is a thought provoking sequel to Freaknomics. This book takes forward the core theme from the first book – People respond to incentives in myriad ways. Unlike other books on economics, SuperFreakonomics has no big concepts or frameworks. It does not conform strictly to a book on macro or micro economics. Instead, the book…
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The Black Swan – The impact of the highly improbable (by Nassim Nicholas Taleb)
It is hard to keep this book in any one category, particularly so when the author is a philosopher, a literary essayist and most interestingly a quant trader. The message of this book is the futility of creating complex mathematical models (and in believing them) to forecast future events. The real life is too complex…