We as human beings are prone to biases and irrational behaviour. Behavioural economics can help us make sense of this and guide us on how we can make more rational decisions. In his book “Misbehaving: The making of behavioral economics’, Richard H Thaler succinctly discusses traditional economic theories and debunks their assumptions.
Why you should read this book
- It will help you avoid making irrational decisions in life and in investments
- It will tell you why overcoming the fear of loss is important
- It tells you why value is more important than price