Richard Thaler: ESPN Over CNBC To Improve Your Investing

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Richard Thaler: ESPN Over CNBC To Improve Your Investing

If the field of behavioral economics could be summed up in one glib phrase, it might be “the science of getting rich.” Then again, according to author and behavioral economist Richard Thaler, an even more accurate description might be “the study of why most people end up poor despite their best intentions.”

Human foibles in the arena of personal finance are the theme of Thaler’s new book Misbehaving. The book focuses on the development of the field of behavioral economics and thoroughly debunks the notion that economic actors can be assumed to be rational.

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