The Irrational Economist

  • by Erwann Michel-Kerjan, Paul Slovic
  • Narrated by Bill Quinn
  • 10 hrs and 34 mins
  • Unabridged Audiobook

Publisher's Summary

Of the 20 most costly catastrophes since 1970, more than half have occurred since 2001. Is this an omen of what the 21st century will be? How might we behave in this new, uncertain and more dangerous environment? Will our actions be rational or irrational?
A select group of scholars, innovators, and Nobel Laureates was asked to address challenges to rational decision making both in our day-to-day life and in the face of catastrophic threats such as climate changes, natural disasters, technological hazards, and human malevolence. At the crossroads of decision sciences, behavioral and neuro-economics, psychology, management, insurance, and finance, their contributions aim to introduce readers to the latest thinking and discoveries.
The Irrational Economist challenges the conventional wisdom about how to make the right decisions in the new era we have entered. It reveals a profound revolution in thinking as understood by some of the greatest minds in our day, and underscores the growing role and impact of economists and other social scientists as they guide our most important personal and societal decisions.
Due to the author's superstitions, Chapter 13 has been intentionally omitted from this book.

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What the Critics Say

"The Irrational Economist challenges conventional wisdoms, overturns traditional economic models, and brings to light new discoveries in decision sciences: The result is a profound revolution in thinking. This book will help us cope better with the myriad of important decisions under uncertainty that we face." (JOSEPH STIGLITZ)
"In The Irrational Economist some of the world’s foremost economists and decision scientists analyze how we make decisions under pressure--and offer thought-provoking ideas about how to improve the process. The result is important and remarkably timely." (RICHARD M. SMITH, Chairman, Newsweek)
"The future is uncertain and filled with risks. So what do we do about it? Think of this book as a jam session in which the most virtuosic thinkers from economics and a few other social sciences try to answer that essential question. A great performance." (JUSTIN FOX, Editor-at-large, TIME; and author of The Myth of the Rational Market)"Compelling…. This collection is an intriguing look at the limitations of human knowledge regarding its own nature, especially relevant for the current moment of economic turmoil." (Publishers Weekly)

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Customer Reviews

Most Helpful

Poorer than expected

Paul Slovic is a brilliant psychologist but this book just does not work. The reason is that compared to say Dan Ariely's mass-market books there is very little discussion of evidence. This kind of book should be full of evidence from psychological lab and field experiments but instead the authors just make bold statements.

The worst thing is that after a few chapters you notice something funny about the intonation of the reader. I came to realise that this book was being read by computer software which makes it very hard to follow - the accented letters and intonations are all off the mark!

Don't bother with this
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- Shoko

Gets boring quickly

Gets boring quickly. Favourite passage:"Most people assume Zurich is the capital of Switzerland, but in fact it is Basel"!!!!
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- HO

Book Details

  • Release Date: 07-01-2010
  • Publisher: Audible Studios