Rajesh's Reviews > The Logic of Life: The Rational Economics of an Irrational World

The Logic of Life by Tim Harford
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Jan 16, 2012

it was amazing
bookshelves: 2012
Read from January 03 to 15, 2012 , read count: 1

I've been reading books on behavioral economics recently and I read this book in the midst. It's fantastic. Tim describes in detail how while irrational behaviors can be seen by amateurs and in isolated incidents, in aggregate and in general an expert's behavior tends to approximate the most rational. He also goes on to describe that this does not necessarily mean that what's rational at individual level translate to what's rational for a group or a society. Recommended.
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