Tags » George Akerlof

The Economics of Deception and Manipulation

I recently finished George Akerlof and Robert Shiller’s latest book Phishing For Phools. While I also enjoyed their earlier book Animal Spirits I have to say that… 1,148 more words

Behavioural Economics

Economics #1: Information Asymmetry

Imagine you’re in the market for a new car. The used car you purchased last year is still fresh in your mind – it broke down every other day – so you decide to buy new. 1,006 more words


Of marriages, second hand cars and being unemployed

Since I started working nearly a decade and a half back, I have quit four jobs. Three out of four times, I quit without having a new job in place. 674 more words

Bangalore Mirror

Nobel Prize Economists Say Free Market Competition Rewards Deception and Manipulation

Phishing & phooling. This one talks about the not so good side of the free market. We all buy stuff we don’t need, eat junk even when we know it is unhealthy. 142 more words