This was a fascinating book that told the interesting story of the brilliant minds that pioneered behavioral economics. Even aside from the actual psychological concepts discussed, the story itself was great.
I found the part about the pushback from the more classically trained University of Chicago-type economists that the early behavioral economists got to be something I wouldn’t have thought would have been the case. The book also provided many examples that introduced the world of how behavioral economists think to me.
It’s a wonderful read for anyone interested in psychology or economics.
'Michael Lewis could spin gold out of any topic he chose ... his best work ... vivid, original and hard to forget' Tim Harford, Financial Times
'Gripping ... There is war, heroism, genius, love, loss, discovery, enduring loyalty and friendship. It is epic stuff ... Michael Lewis is one of the best non-fiction writers of our time' Irish Times
From Michael Lewis, No.1 bestselling author of The Big Short and Flash Boys, this is the extraordinary story of the two men whose ideas changed the world.
Daniel Kahneman and Amos Tversky met in war-torn 1960s Israel. Both were gifted young…
Anyone who has ever studied economics really only got part of, and a biased part of, the story.
I enjoyed reading about the pioneering work Richard Thaler, and other early behavioral economists did on how human minds actually work in the real world and not just in economic theory.
Learning about specific use cases and specific examples of the work Thaler created has made me think differently about economics, investing, and trading. In a lot of ways, it has been a complete game-changer for me. It really blew my mind.
Nobel laureate Richard H. Thaler has spent his career studying the radical notion that the central agents in the economy are humans-predictable, error-prone individuals. Misbehaving is his arresting, frequently hilarious account of the struggle to bring an academic discipline back down to earth-and change the way we think about economics, ourselves, and our world.
Traditional economics assumes rational actors. Early in his research, Thaler realized these Spock-like automatons were nothing like real people. Whether buying a clock radio, selling basketball tickets, or applying for a mortgage, we all succumb to biases and make decisions that deviate from the standards of…
This book laid out for me the system Warren Buffett and other great
minds use to analyze investments.
I thought it was a great introduction
that took me into being able to practically not just think about how to
analyze investment opportunities but to actually do it—to actually use
the information I gleaned from the book. One of the big picture
takeaways was to think of a stock as if it is a bond.
I learned a ton from this book. It truly opened up new doors in my mind to how I think about investments in general.
Here at last is a book that reveals what the public really wants to know about this legendary investor: how he determines where he puts his money. From a team with privileged insight, Mary Buffett, a savvy CEO and Warren Buffett's former daughter-in-law, and David Clark, a successful portfolio analyst, comes Buffettology, the most detailed explanation ever of the billionaire's unique investment techniques. Using Warren Buffett's system to access a company's potential economic excellence and the right price to pay for its stock, Buffettology demonstrates the actual mathematical models and equations, revolving around three variables: the yearly per share earnings…
The options market is always changing, and in order to keep up with it, you need the greeks―delta, gamma, theta, vega, and rho―which are the best techniques for valuing options and executing trades in any market conditions. In this book, veteran options trader Dan Passarelli puts these tools in perspective by offering fresh insights on options trading and valuation.
An essential guide for both professional and aspiring traders, this book explains the greeks in a straightforward and accessible style. It skillfully shows how they can be used to facilitate trading strategies that seek to profit from volatility, time decay, or changes in interest rates.
The book shows you how to use the greeks to find better trades, manage them, and become more profitable.
