Barry speaks with Richard Thaler and Alex Imas award winning economists and co-authors of “The Winner’s Curse: Behavioral Economics Anomalies”. They discuss the psychology of spending at auctions, and the effects of draft picks on NFL team spending. They also discuss the anomalies of human behavior and decision making that challenge classical economic theories.
Listen to the people, ideas and conversations that shape markets on the Masters in Business podcast:
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(Source: Bloomberg)
www.bloomberg.com
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