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Phishing for Phools: The Economics of Manipulation and Deception

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Akerlof and Shiller argue 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 through manipulation and deception. Based on the intuitive idea that markets both give and take away, they show how phishing affects everyone, in almost every walk of life. We spend our money up to the limit, and then worry about how to pay the next month's bills. The financial system soars, then crashes. In doing so they explain a paradox: why, at a time when we are better off than ever before in history, all too many of us are leading lives of quiet desperation.

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Phishing for Phools: The Economics of Manipulation and Deception, Robert J. Shiller, George A. Akerlof

Idioma
Publicado en
2015
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Idioma
Inglés
Publicado en
2015
Formato
Tapa dura
Páginas
272
ISBN10
0691168318
ISBN13
9780691168319
Serie
Primera publicación
2015
Título original
Phishing for Phools: The Economics of Manipulation and Deception
Calificación
3,45 de 5
Descripción
Akerlof and Shiller argue 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 through manipulation and deception. Based on the intuitive idea that markets both give and take away, they show how phishing affects everyone, in almost every walk of life. We spend our money up to the limit, and then worry about how to pay the next month's bills. The financial system soars, then crashes. In doing so they explain a paradox: why, at a time when we are better off than ever before in history, all too many of us are leading lives of quiet desperation.