How long does it take to read The Winner's Curse?
The Winner's Curse by Richard H. Thaler takes about 4 hours 13 minutes to read at 250 words a minute.
About 4 hours 13 minutes
A weekend read
First published 1992. 230 pages, about 63,250 words.
9 days at 30 minutes a day
Estimate based on 275 words per page.
At other speeds
| Slow, 150 words a minute | 7 hours 2 minutes |
| Average, 250 words a minute | 4 hours 13 minutes |
| Fast, 400 words a minute | 2 hours 38 minutes |
The page count is the median across 2 editions, so your copy may differ. How we calculate.
About the book
Richard Thaler challenges the received economic wisdom by revealing many of the paradoxes that abound even in the most painstakingly constructed transactions. He presents literate, challenging, and often funny examples of such anomalies as why the winners at auctions are often the real losers - they pay too much and suffer the "winner's curse" - why gamblers bet on long shots at the end of a losing day, why shoppers will save on one appliance only to pass up the identical savings on another, and why sports fans who wouldn't pay more than $200 for a Super Bowl ticket wouldn't sell one they own for less than $400. He also demonstrates that markets do not always operate with the traplike efficiency we impute to them. Thaler argues that recognizing these sometimes topsy-turvy facts of economic behavior will compel economists, as well as those of us who live by their lights in our jobs and organizations, to adopt a more balanced view of human nature, one reflected in Adam Smith's professed belief that, despite our selfishness, there is something in our nature that prompts us to enjoy, even promote, the happiness of others.
Subjects: Economics, Miscellanea, Paradoxes, Economics--miscellanea
