www.bloomberg.com
Barry interviews economists Richard Thaler and Alex Imas, co-authors of “The Winner’s Curse,” to explore how behavioral economics explains market anomalies. The conversation covers the psychology of overspending at auctions and analyzes how draft picks influence NFL team spending. They detail how irrational human decision-making often contradicts classical economic theories, highlighting the gap between theoretical models and real-world behavior.
Listen to this discussion on the Masters in Business podcast via Apple, Spotify, or other platforms. (Source: Bloomberg)
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