The Winner's Curse

In this updated edition of The Winner’s Curse, Nobel laureate Richard Thaler, along with economist Alex Imas, explores enduring anomalies in human economic behavior, revealing how deviations from rationality influence decisions in areas like retirement savings, investing, and everyday choices. The book revisits original findings from Thaler’s early work, examining how these insights have persisted and evolved over time in today's complex financial landscape. Accessible yet rigorous, the narrative offers valuable understanding into why people behave the way they do, providing insights for both general readers and economists alike.