The Irrational Economist
- Making Decisions in a Dangerous World
- Narrated by: Bill Quinn
- Length: 10 hrs and 34 mins
- Unabridged Audiobook
- Release date: 07-01-10
- Language: English
- Publisher: Audible Studios
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.
"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 ReviewsMost Helpful
By Shoko on 21-07-11
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
1 of 1 people found this review helpful
Customer ReviewsMost Helpful
By Roman on 03-10-10
Collection of articles, rather than a book.
This book is certainly very well researched and written, however it is actually a collection of different articles in all of which both authors participated. That creates feeling of discontinuity, as articles differ in their subject matter, and are written in different style. Also, as quite often is the problem with reading of scientific articles, reader gets often mired in details, while dry prose does not help, and really interesting, elucidating ideas are few and far apart. I would only recommend this book to a specialist reader. However, as it is very specific scientific matter and is accompanied by graphs and tables, this book makes very little sense in adiobook format. Get an e-book.
4 of 4 people found this review helpful
By Ray Massey on 19-07-12
What would have made The Irrational Economist better?
The book should have had "uncertainty" or "risk management" in the title. It assumed that decision makers were irrational because they addressed uncertainty differently than the authors would have addressed it. While the made mention of decision theory and the importance of psychology in making decisions, they assumed that their methods were superior. The title or summary should also have emphasized that a major portion of the book dealt with climate change. The authors had a perspective and treated other perspectives as neanderthal.
You didn’t love this book... but did it have any redeeming qualities?
It actually contains excellent information on decision making theory and uncertainty.