What Are The Must Read Books About Behavioral Economics?: 9 Answers

8/31/2017 (1) What are the must read books about Behavioral Economics?
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What are the must read books about Behavioral What are some of the best books on behavioral
Economics? economics?
I love and have a great passion in behavioral

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9 Answers What interesting books would you recommend about

behavioral finance/behavioral economics?
Matt Hickey, Econ masters student, Digital strategy consultant, occasional What are some good books to read to understand
writer/blogger behavioral economics?
Answered Jan 18, 2013
'Thinking, Fast and Slow' by Daniel Kahneman (Thinking, Fast and Slow: Daniel What are the must-read behavioral economics papers
for an economics student interested in this area?
Kahneman: 9780374275631: Amazon.com: Books ) is probably the best popular
behavioural economics book. Kahneman is the godfather of the discipline and Nobel Which book is a 'must read' for someone who wants to
understand 'Indian economics' and changes?
Laureate. It also includes some of his articles with Amos Tversky as appendices,
which Behdad Esfahbod mentioned in his response. What are the top 10 economic must-reads that are fun
to read, and not academic?
If you're unfamiliar with the area then this book will give a good introduction to it Being an economics graduate, what are some of the
before you jump into published articles. It's more dense than many of the others on must-read books for gaining expertise in the subject?
the market (including Dan Ariely's), but easier to read than a textbook.
What economics books are must reads for any
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Pranav Kumar, Here to learn and share 63 Public Followers

https://www.quora.com/What-are-the-must-read-books-about-Behavioral-Economics 1/11
8/31/2017 (1) What are the must read books about Behavioral Economics? - Quora
Answered May 31, 2014
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This is a fascinating subject. Here is my list - I think every single one of them is a Last Asked Feb 3, 2016
blockbuster book. The eld is ruled by Daniels and Roberts!
Edits
The books below include those with general framework (#1, #4) and those that take it
into specic directions such as public policy (#2, #3), self help and happiness (#5),
business (#7) and nancial markets (#6, #8)
1. "Thinking Fast and Slow" by the Nobel Laureate Daniel Kanheman is clearly at the
top of the stack. The "system 1 aka fast" and "system 2 aka slow" is a really good
conceptual framework he describes which he subsequently uses to explain a large
number of behavioral economics experiments, many of which are counter-intuitive.
2. "Nudge: Improving Decisions About Health, Wealth, and Happiness by Richard

Thaler. My favorite phrase from the book is "choice architecture". This is an
interesting book for policy wonks as Thaler asserts that while people should have
liberty to make their own choices, society has an incentive to "nudge" them towards
better choices primarily by changing their choice architecture.
3. "World Development Report 2015: Mind and Mindsets" is an upcoming World

Bank Group annual agship research publication. From what I have read and seen so
far, it promises to be a major piece of work especially for those interested in policy
implications (Disclaimer: I work at the WB but not the report)
4. "Predictably Irrational" by Dan Ariely. He explains the why of seemingly

irrational choices. Dan also has written two other books subsequently.
5. "Stumbling on Happiness" by Daniel Gilbert. Yet another Dan! The author talks
about cognitive biases when it comes to making choices around happiness - an
obviously very important topic.
6. "Animal Spirits: How Human Psychology Drives the Economy and Why It Matters
for Global Capitalism by two Nobel winners George A. Akerlof and Robert Shiller.
Older classics
Roberts ruled the roost then!
7. "Inuence" by Robert Cialdini on the psychology of persuation
8. "Irrantional exuberance" by Robert Shiller on irrationality in nancial markets.
9. "Models of Thought" by Herbert Simon, yet another Nobel winner and a

polymath. Thanks Alex Teytelboym for recommending.
If I missed a really good book or paper that should be on this list , please recommend in
the comment section.
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Steve Shu, Author of Inside Nudging, www.InsideNudging.com

Updated Sep 23, 2016
In terms of must-read books on behavioral economics, I'd oer the following:
Phishing for Phools (Akerlof and Shiller)
Save More Tomorrow (Benartzi and Lewin) Please refresh this page to receive new updates.
Thinking, Fast and Slow (Kahneman)
Scarcity (Mullanainathan and Shar)
Irrational Exuberance (Shiller)
Simpler (Sunstein)
Misbehaving (Thaler)
Nudge (Thaler and Sunstein)
I have a broader list on Quora for the best books (which goes beyond the must-read
books) Steve Shu's answer to What are some of the best books on behavioral
economics?
_________
Steve Shu specializes in incubating new initiatives with a primary focus on strategy,
technology, and behavioral economics. He is author of Inside Nudging: Implementing
Behavioral Science Initiatives and The Consulting Apprenticeship: 40 Jump-Start
Ideas for You and Your Business .
Upvote 4 Downvote
Behdad Esfahbod, Sta Software Engineer at Google

"Predictably Irrational" and "Upside of Irrationality" by Dan Ariely are great intro
pop-sci books.
If you prefer something more scientic / less pop, try "The Psychology of Judgment
and Decision Making" by Scout Plous.
For a more nance-oriented view, read "Behavioral Finance: Psychology, Decision-

Making, and Markets" by Ackert and Deaves. This includes an intro to Prospect
Theory, which the previous books don't.
You can also search for papers and books by Kahneman, Tversky, and Thaler. Those
are the pioneers of the eld.
Do note that the eld (and its experiments) are fairly limited. So if you read three
books by three dierent authors, chances are most of the experiments you read about
in the third book you have had seen before already.
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Irving Rivera, works at U.S. Army

Answered Feb 8, 2016
Wow, you already have some great suggestions so far. However, allow me to second
some of them with a brief overview of their content and importance.
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Agrawal Khushboo, lives in Kolkata, West Bengal, India (2013-present)

Answered Feb 4
Hi!
If you are looking for the best books on behaviorial economics, look no further.
Inuence in managerial decision making

Nudge: improving decisions about health, wealth, and happiness
Why smart people make big money mistakes
Breakdown of will Please refresh this page to receive new updates.
Think twice: harnessing the power of counterintuition
Get them all free of cost at MyPustak. Hurry to have them all!!
Thank you!!
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Andrew Fano
Answered Feb 21, 2013
Beyond Arielly, Kahneman & Tversky and Plous, I'd also suggest two by Richard
Thaler: "Winners Curse", and the more recent "Nudge". Nudge has a slightly dierent
slant than the others because it is focused a bit more on application and advances an
ethical approach to crafting choices. It's interesting to consider from a public policy
perspective.
934 Views 4 Upvotes
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Chethan Ravindranath, Engineer

Predictably Irrational by Dan Ariely

Upvote 2 Downvote
Alex Teytelboym, Research Fellow in Economics at INET, University of

Oxford
A slightly more academic one is "Behavioural Game Theory" by Colin Camerer. It's an
excellent introduction to the experimental evidence in games.
580 Views 2 Upvotes
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8/31/2017 (1) What are the must read books about Behavioral Economics?

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Behavioral Economics Book Recommendations Books Related Questions

I love and have a great passion in behavioral

9 Answers What interesting books would you recommend about

Upvote 10 Downvote What are some must-read books on economics?

More Related Questions

Pranav Kumar, Here to learn and share 63 Public Followers

2. "Nudge: Improving Decisions About Health, Wealth, and Happiness by Richard

3. "World Development Report 2015: Mind and Mindsets" is an upcoming World

4. "Predictably Irrational" by Dan Ariely. He explains the why of seemingly

7. "Inuence" by Robert Cialdini on the psychology of persuation

8. "Irrantional exuberance" by Robert Shiller on irrationality in nancial markets.

9. "Models of Thought" by Herbert Simon, yet another Nobel winner and a

1.6k Views 16 Upvotes

Add a comment... Recommended All

Learn more at upwardly.in

Steve Shu, Author of Inside Nudging, www.InsideNudging.com

In terms of must-read books on behavioral economics, I'd oer the following:

Phishing for Phools (Akerlof and Shiller)

Thinking, Fast and Slow (Kahneman)

Scarcity (Mullanainathan and Shar)

Irrational Exuberance (Shiller)

Nudge (Thaler and Sunstein)

Add a comment... Recommended All

Behdad Esfahbod, Sta Software Engineer at Google

For a more nance-oriented view, read "Behavioral Finance: Psychology, Decision-

Add a comment... Recommended All

Apply now at shine.com

Irving Rivera, works at U.S. Army

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523 Views 1 Upvote

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Agrawal Khushboo, lives in Kolkata, West Bengal, India (2013-present)

Inuence in managerial decision making

Think twice: harnessing the power of counterintuition

219 Views 2 Upvotes

Add a comment... Recommended All

Add a comment... Recommended All

Chethan Ravindranath, Engineer

Predictably Irrational by Dan Ariely

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Alex Teytelboym, Research Fellow in Economics at INET, University of

580 Views 2 Upvotes

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