Why read Misbehaving?

Book cover of Misbehaving: The Making of Behavioral Economics

Book description

Nobel laureate Richard H. Thaler has spent his career studying the radical notion that the central agents in the economy are humans-predictable, error-prone individuals. Misbehaving is his arresting, frequently hilarious account of the struggle to bring an academic discipline back down to earth-and change the way we think about economics,…

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Why read it?

1 author picked Misbehaving as one of their favorite books. Why do they recommend it?

Dan Passarelli

Author

Anyone who has ever studied economics really only got part of, and a biased part of, the story.

I enjoyed reading about the pioneering work Richard Thaler, and other early behavioral economists did on how human minds actually work in the real world and not just in economic theory.

Learning about specific use cases and specific examples of the work Thaler created has made me think differently about economics, investing, and trading. In a lot of ways, it has been a complete game-changer for me. It really blew my mind.

From Dan's 3 favorite reads in 2023.