Phishing for phools, the economics of manipulation and deception, George A. Akerlof and Robert J. Shiller
Type
Classification
1
Contributor
1
Creator
1
Subject
12
Content
1
Mapped to
1
Label
Phishing for phools, the economics of manipulation and deception, George A. Akerlof and Robert J. Shiller
Language
eng
Bibliography note
Includes bibliographical references (pages 233-256) and index
Index
index present
Literary form
non fiction
Main title
Phishing for phools
Nature of contents
bibliography
Oclc number
908084013
Responsibility statement
George A. Akerlof and Robert J. Shiller
Sub title
the economics of manipulation and deception
Summary
Akerlof and Shiller argue that markets harm as well as help us. As long as there is profit to be made, sellers will systematically exploit our psychological weaknesses and our ignorance through manipulation and deception. Based on the intuitive idea that markets both give and take away, they show how phishing affects everyone, in almost every walk of life. We spend our money up to the limit, and then worry about how to pay the next month's bills. The financial system soars, then crashes. In exploring the role of manipulation and deception, the authors explain a paradox: why, at a time when we are better off than ever before in history, all too many of us are leading lives of quiet desperation
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