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The Logic of Life. Tim Harford, by Tim Harford
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From the author of 'The Undercover Economist, ' this book applies the economics of rational choice theory to modern life. Harford explains, for example, why drug addicts and teenage muggers can be rational, why suburban sprawl and inner city decay are rational, and why the endless meetings and injustices of working life are rational
- Sales Rank: #2237950 in Books
- Brand: Brand: Random House
- Published on: 2009-03-01
- Original language: English
- Number of items: 1
- Dimensions: 7.80" h x .79" w x 4.96" l, .49 pounds
- Binding: Paperback
- 272 pages
- Used Book in Good Condition
Review
The chapter "Why is Your Boss Overpaid?" is in itself worth the price of this book Sunday TELEGRAPH This is no minor thesis ... If you loved [The Tipping Point and Freakonomics] you'll love this FINANCIAL TIMES
About the Author
Tim Harford writes the 'Dear Economist' column for the FT Saturday magazine. An award winning public speaker, Tim has been an economist for a major oil company and an economics tutor at Oxford University.
Most helpful customer reviews
1 of 1 people found the following review helpful.
Predictably Rational
By Stefano Bertolo
A nice, readable overview of the role of incentives and their often unforeseen consequences. The overarching message is that when people don't behave as you would expect it is not because they are stupid but because they respond to incentives you may not completely understand. In pursuing this line of reasoning Harford takes to task those who (like Dan Ariely) claim that we are irrational and predictably so. The good news of this is that changing the incentives may change the behavior. The bad news is that in many cases incentives are very very hard to change (for example, when they have to do with genetic differences in reproductive strategies).
0 of 0 people found the following review helpful.
Provides a refreshing view on social interactions from an observant economist point of view
By Morris Bahrami
This book provides an interesting view on life, economy and social behaviours. Everyday life decisions and actions are viewed from an economic point of view which challenges your assumptions and understanding of what constitutes a rational behaviour. The humour in the book makes it a joy to read.
0 of 0 people found the following review helpful.
fun read as good like the rest of his oeuvre
By ohsolomia
fun read
as good as the rest of his oeuvre
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