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The Winner's Curse: Behavioral Economics Anomalies, Then and Now
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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“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.”
— Richard H. Thaler, The Winner's Curse: Behavioral Economics Anomalies, Then and Now
winner's curse, behavioral economics, cognitive biases
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.
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.