Book & podcast collection

The Winner’s Curse: Behavioral Economics Anomalies, Then and Now

Richard H. Thaler and Alex Imas bring together the behavioral-economics puzzles that changed how economists think about judgment, markets, and choice. Revisiting the winner's curse and other influential anomalies, they explain why real people routinely depart from the perfectly rational behavior assumed by traditional models. The book shows how experiments, field evidence, and decades of debate turned apparent exceptions into a powerful account of predictable human behavior—and why those insights still matter for investors, businesses, policymakers, and anyone making decisions under uncertainty.

Publisher: Simon & Schuster
Publication date: 2025
Format: Print edition
Pages: 320
ISBN: 9781982165116

Subjects

Behavioral Economics Decision Making Market Anomalies

Choose a subject to discover similar books and author interviews.

Buy on Amazon Buy on Bookshop.org Publisher website

Listen now

Interview with the Author

4 available interview links

1. Behavioral Grooves Podcast — Why Rational People Make Irrational Choices | Alex ImasChecked

No verified Spotify link found.

2. Masters in Business — How Investors Fall Into Bias Traps with Economists Richard Thaler & Alex ImasChecked

No verified Spotify link found.

3. Passion Struck with John R. Miles — The Winner’s Curse: Why Smart People Lose Their Way | Alex Imas – EP 716Checked

No verified Spotify link found.

4. Second City Works presents "Getting to Yes, And" — Getting to Yes, And… | Richard Thaler and Alex Imas – ‘The Winner’s Curse’Checked

No verified Spotify link found.