The Winner's Curse: Paradoxes and Anomalies of Economic Life

The book "Anomalies" by Richard Thaler is a groundbreaking exploration of the paradoxes that abound in economic transactions.

Through engaging, challenging, and often humorous examples, Thaler reveals why winners at auctions are often the real losers, why gamblers bet on long shots at the end of a losing day, and why sports fans pass up savings on one appliance only to pay too much for another.

Thaler also demonstrates that markets don't always operate with the efficiency we assume they do.

This book is a must-read for anyone interested in understanding how people really make decisions and how markets truly work.