Paperback. Pub Date: 2016-02-01 Pages: 400 Language: Chinese Publisher: CITIC Publishing Group since Adam Smith. economics is the core tenets: the free market system is like an invisible hand. But now the invisible hand has become a consumer is ready to stumble invisible feet. Two Nobel laureate George Akerlof. Robert Schiller believes that the market for us to bring benefits. but also bring disaster. Widespread human weakness. asymmetric information makes us catch the stupid dupe. On the inv.

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Bibliographic Details

Title: Fishing stupid: Manipulation and deception Economics(Chinese Edition)
Publisher: CITIC Press Corporation
Publication Date: 2016
Language: Chinese
ISBN 10: 7508657438
ISBN 13: 9787508657431
Binding: paperback
Condition: New

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Synopsis

Ever since Adam Smith, the central teaching of economics has been that free markets provide us with material well-being, as if by an invisible hand. In Phishing for Phools, Nobel Prize-winning economists George Akerlof and Robert Shiller deliver a fundamental challenge to this insight, arguing that markets harm as well as help us. As long as there is profit to be made, sellers will systematically exploit our psychological weaknesses and our ignorance through manipulation and deception. Rather than being essentially benign and always creating the greater good, markets are inherently filled with tricks and traps and will ""phish"" us as ""phools.

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