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Irrational Economist: Making Decisions in a Dangerous World
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Irrational Economist: Making Decisions in a Dangerous World

2.85  ·  Rating Details ·  39 Ratings  ·  8 Reviews
At a time of huge choices, it has never been more important to make the right decisions. Acclaimed experts explore decision-making and irrationality in a catastrophic world
ebook, 336 pages
Published January 5th 2010 by Da Capo Press (first published December 15th 2009)
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Sean Goh
Oct 21, 2015 Sean Goh rated it it was ok  ·  review of another edition
Very dry and academic, the opening chapters were better, but it degenerated quickly. Didn't even realise I had read this book 2 years ago (probably shows its forgettability).


Reliance on our gut feelings works when our experience enables us to anticipate accurately the consequences of our decisions. It fails miserably when the consequences turn out to be very different from what we expected.

Commit only so far as you can predict.

After a virgin (previously unexperienced) risk occurs, pe
Feb 03, 2016 April rated it liked it  ·  review of another edition
I was a little misled about what to expect from this book, as I was told it's "like the follow-up to Freakonomics." So I was expecting witty investigation into some interesting scenarios relating to society. Instead, it was more technical and the scenarios are more mundane--though definitely important to think about and consider. I do appreciate the research and analysis that was done about people's behaviors around catastrophe insurance and such, but it was a little hard to get through.

Book: fr
Dec 20, 2009 Martin rated it did not like it  ·  review of another edition
The book may be appropriate for undergraduate level students. A general reader will probably get more out of a book like Predictable Irrationality. I found the collected articles in this book to be repetitive and consistent theme is that human decision making, despite available rational concepts is overridden by human emotional frailty. It is a bit troubling that many of the references cited are old and contributors frequently cite each other’s works. This book is of dubious value to the general ...more
Mikko Arevuo
A good intro to decision-making under uncertainty and the basic concepts of behavioral economics. However, a general reader would probably find the chapter contributions by different scholars repetitive and an academic reader too general. In summary, the book is poorly positioned in terms of its target audience.
Feb 27, 2013 Ariadna73 rated it liked it  ·  review of another edition
Shelves: economy
This is a book about how it is better to rely on intuition than committing to science and forecasts. It is entertaining in the beginning; but as pages pass; it becomes heavier and complex. I dragged myself to the end of it; but unfortunately was unable to extract much from the second and third parts.
Short essays by a variety of economists about irrationality, human behavior, risk assessment, and related topics. Good, but the piecewise nature made it feel pretty fragmented and a lot of the essays were just okay.
Mimi Somsanith
No comment. Couldn't bring myself to read it. I understand that saying that the market can remain solvent longer than the trader can remain irrational (or rational).
Feb 05, 2013 Behrak rated it did not like it  ·  review of another edition
impossible to finish... so disorganized, confused, boring... needs a complete rewrite
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