p>About the Book: The Winners Curse: Behavioral Economics Anomalies Then and Now
Brought to you by Penguin.
Why do people cooperate with one another when they have no (selfish) motivation
to do so? Why do we hold onto possessions of little value? And why is the winner
of an auction so often disappointed?
In the original 1992 version of The Winners Curse, Richard Thaler introduced
readers to behavioral economics, challenging the notion of traditional economics
that people are selfish, rational optimizers and behave accordingly every time.
Three decades later, Thaler has teamed up with economist Alex Imas to provide
fresh insights in this fully updated edition.