10 Lessons from the book Misbehaving: The Making of Behavioral Economics

Psychologists tell us that in order to learn from experience, two ingredients are necessary: frequent practice and immediate feedback.

The purely economic man is indeed close to being a social moron. Economic theory has been much preoccupied with this rational fool.

It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.

What makes the bias particularly pernicious is that we all recognize this bias in others but not in ourselves.

My only advice for reading the book is stop reading when it is no longer fun.

Worldly wisdom teaches that is it is better for reputation to fail conventionally than to succeed unconventionally.

The ideal organizational environment encourages everyone to observe, collect data, and speak up.

Read the book Here 👇

affiliate link affiliate link Credits: Unsplash

[{"selector":"#anim-504bfbf0-0ddc-43e4-8b34-62e32847b223 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Credits: Unsplash Read other best books here