PLEASE NOTE: This is*a*Summary, Analysis & Review*of the book and NOT the original book.
Preview:
In*Phishing for Phools, George Akerlof and Robert Shiller explain the economics of fraud by incorporating fraudulent and unfair transactions into free-market economic models. Conventional economic models that presuppose a free market often assume that customers make decisions based on their long-term interests. They posit that the market moves toward an equilibrium in which every legal opportunity to make money is being utilized. A behavioral model of the free market includes “phishing” transactions, which are in the seller's best interest but not the buyer's.
In a market at equilibrium in the real world, sellers have many opportunities to deceive customers. Economic models assume that customers buy things that benefit them, based on solid information and a budget, but a realistic model recognizes that customers also make choices based on more impulsive, short-term, and emotional factors. Wherever customers are vulnerable or short-sighted, a phisher is likely to step in and exploit that vulnerability...
Inside this*Summary, Analysis and Review of George Akerlof's and et al Phishing for Phools by Instaread:
- Overview of the Book
- Important People
- Key Takeaways
- Analysis of Key Takeaways
About the Author: With Instaread, you can get the key takeaways and analysis of a book*in 15 minutes. We read every chapter, identify the key takeaways and analyze them for your convenience. Visit our website at*instaread.co.
PLEASE NOTE: This is*a*Summary, Analysis & Review*of the book and NOT the original book.
Preview:
In*Phishing for Phools, George Akerlof and Robert Shiller explain the economics of fraud by incorporating fraudulent and unfair transactions into free-market economic models. Conventional economic models that presuppose a free market often assume that customers make decisions based on their long-term interests. They posit that the market moves toward an equilibrium in which every legal opportunity to make money is being utilized. A behavioral model of the free market includes “phishing” transactions, which are in the seller's best interest but not the buyer's.
In a market at equilibrium in the real world, sellers have many opportunities to deceive customers. Economic models assume that customers buy things that benefit them, based on solid information and a budget, but a realistic model recognizes that customers also make choices based on more impulsive, short-term, and emotional factors. Wherever customers are vulnerable or short-sighted, a phisher is likely to step in and exploit that vulnerability...
Inside this*Summary, Analysis and Review of George Akerlof's and et al Phishing for Phools by Instaread:
- Overview of the Book
- Important People
- Key Takeaways
- Analysis of Key Takeaways
About the Author: With Instaread, you can get the key takeaways and analysis of a book*in 15 minutes. We read every chapter, identify the key takeaways and analyze them for your convenience. Visit our website at*instaread.co.
Summary, Analysis & Review of George Akerlof's and Robert Shiller's Phishing for Phools by Instaread
Summary, Analysis & Review of George Akerlof's and Robert Shiller's Phishing for Phools by Instaread
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Product Details
| BN ID: | 2940170305049 |
|---|---|
| Publisher: | Instaread |
| Publication date: | 01/17/2017 |
| Edition description: | Unabridged |
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