Can You Outsmart an Economist? PDF Download

Author: Steven E. Landsburg
Publisher: Houghton Mifflin Harcourt
ISBN: 1328489825
Category : Business & Economics
Languages : en
Pages : 212

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Book Description
This entertaining way to learn economics “will delight and inform anyone who enjoys rigorous thinking and the unexpected conclusions it delivers” (Jamie Whyte, author of Crimes Against Logic). Can you outsmart an economist? Steven Landsburg, acclaimed author of The Armchair Economist and professor of economics, dares you to try. In this whip-smart, entertaining, and entirely unconventional economics primer, he brings together over one hundred puzzles and brain teasers that illustrate the subject’s key concepts and pitfalls. From warm-up exercises to get your brain working, to logic and probability problems, to puzzles covering more complex topics like inferences, strategy, and irrationality, Can You Outsmart an Economist? will show you how to do just that by expanding the way you think about decision making and problem solving. Let the games begin! “Ingenious…enables you to think like an economist without incurring a Keynesian headache or a huge student loan.” —George Gilder, author of Life After Google “Entertaining as well as edifying. Read it, expand your mind, and have fun!” —N. Gregory Mankiw, Robert M. Beren Professor of Economics, Harvard University

Author: Steven Landsburg
Publisher: Mariner Books
ISBN: 1328489868
Category : Business & Economics
Languages : en
Pages : 307

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Book Description
From the acclaimed author of The Armchair Economist, a delightful, informative collection of puzzles and brain teasers for novices and experts alike.

Author: Steven E. Landsburg
Publisher: Simon and Schuster
ISBN: 1471112233
Category : Business & Economics
Languages : en
Pages : 364

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Book Description
Air bags cause accidents, because well-protected drivers take more risks. This well-documented truth comes as a surprise to most people, but not to economists, who have learned to take seriously the proposition that people respond to incentives. In The Armchair Economist, Steven E. Landsburg shows how the laws of economics reveal themselves in everyday experience and illuminate the entire range of human behavior. Why does popcorn cost so much at the cinema? The 'obvious' answer is that the owner has a monopoly, but if that were the whole story, there would also be a monopoly price to use the toilet. When a sudden frost destroys much of the Florida orange crop and prices skyrocket, journalists point to the 'obvious' exercise of monopoly power. Economists see just the opposite: If growers had monopoly power, they'd have raised prices before the frost. Why don't concert promoters raise ticket prices even when they are sure they will sell out months in advance? Why are some goods sold at auction and others at pre-announced prices? Why do boxes at the football sell out before the standard seats do? Why are bank buildings fancier than supermarkets? Why do corporations confer huge pensions on failed executives? Why don't firms require workers to buy their jobs? Landsburg explains why the obvious answers are wrong, reveals better answers, and illuminates the fundamental laws of human behavior along the way. This is a book of surprises: a guided tour of the familiar, filtered through a decidedly unfamiliar lens. This is economics for the sheer intellectual joy of it.

Author: Steven E. Landsburg
Publisher: Simon and Schuster
ISBN: 1847375987
Category : Business & Economics
Languages : en
Pages : 360

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Book Description
With his long-running 'Everyday Economics' column in Slate and his popular book, The Armchair Economist, Steven Landsburg has been leading the pack of economists who are transforming their science from a drab meditation on graphs and charts into a fascinating window on human nature. Now he's back and more provocative than ever with surprises on virtually every page. In More Sex is Safer Sex, Professor Landsburg offers readers a series of stimulating discussions that all flow from one unsettling fact. Combining the rational decisions of each of us often produces an irrational result for all of us. Avoiding casual sex can actually encourage the spread of diseases. To solve population pressures, we need more people. In his tantalizing, entertaining narrative, Landsburg guides us through these shocking notions by the light of compelling logic and evidence and makes suggestions along the way: Why not charge juries if a convicted felon is exonerated? Why not let firemen keep the property they rescue? As entertaining as it is inflammatory, More Sex is Safer Sexwill make readers think about their decisions in unforgettable ways -- and spark debate over much that we all take for granted.

Author: Steven E. Landsburg
Publisher: Simon and Schuster
ISBN: 1847399290
Category : Business & Economics
Languages : en
Pages : 285

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Book Description
What's wrong with stealing? What's the best way to blood test a pot-bellied pig? Should we tolerate intolerance? In the wake of his enormously popular books, The Armchair Economistand More Sex is Safer Sex, Steven Landsburg uses concepts from maths, economics and physics to address the big questions in philosophy: Where does knowledge come from? What's the difference between right and wrong? Do our beliefs matter? Is it possible to know everything? Provocative, utterly entertaining and always surprising, The Big Questions challenges readers to re-evaluate their most fundamental beliefs and reveals the relationship between the loftiest philosophical quests and our everyday lives.

Author: Paul Oyer
Publisher: Yale University Press
ISBN: 0300218249
Category : Sports & Recreation
Languages : en
Pages : 216

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Book Description
An engaging look at the ways economic thinking can help us understand how sports work both on and off the field "Mr. Oyer writes clearly and ranges across all sorts of sports as well as across the globe, introducing fascinating observations."--Henry D. Fetter, Wall Street Journal Are ticket scalpers good for teams? Should parents push their kids to excel at sports? Why do Koreans dominate women's golf, while Kenyans and Ethiopians dominate marathon racing? Why would Michael Jordan, the greatest player in basketball, pass to Steve Kerr for the game-winning shot? Paul Oyer shows the many ways economics permeates the world of sports. His topics range from the business of sport to how great athletes use economic thinking to outsmart their opponents to why the world's greatest sports powerhouse (at least per capita) is not America or China but the principality of Liechtenstein. Economics explains why some sports cannot stop the use of performance-enhancing drugs while others can, why hundred-million-dollar player contracts are guaranteed in baseball but not in football, how one man was able to set the world of sports betting on its ear--and why it will probably never happen again. This book is an entertaining guide to how a bit of economics can make you a better athlete and a more informed fan.

Author: Romans Pancs
Publisher: MIT Press
ISBN: 0262038188
Category : Business & Economics
Languages : en
Pages : 339

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Book Description
Economic concepts and techniques presented through a series of "big questions," models that show how to pose a questions rigorously and work toward an answer. This book helps readers master economic concepts and techniques by tackling fundamental economic and political questions through a series of models. It is organized around a sequence of “big questions,” among them: When do markets help translate individuals' uncoordinated, selfish actions into outcomes that are best for all? Do markets change people, and, if so, for worse or better? Translated into the language of modern economics, do Marx's ideas have merit? Why is there so much income inequality? Or is there too little? The arguments are in the theorem-proof format, distinguishing results derived in the context of fully specified models from educated speculation. Readers will learn how to pose a question rigorously and how to work toward an answer, and to appreciate that even (especially!) the broadest and most ambitious questions call for a model. The goal of the book is not to indoctrinate but to show readers how to reason toward their own conclusions. The first chapter, on the Walrasian model of general equilibrium, serves as the prerequisite for the rest of the book. The remaining chapters cover less conventional topics, including the morality of markets; matching theory; Marxism, socialism, and the resilience of markets; a formalization of Kant's categorical imperative; unintended consequences of policy design; and theories of justice. The book can be used as a textbook for advanced undergraduate or graduate students or as a resource for researchers in disciplines that draw on normative economics.

Author: Philip Coggan
Publisher: Profile Books
ISBN: 1782834265
Category : Humor
Languages : en
Pages : 142

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Book Description
TEST YOURSELF AGAINST THE ECONOMIST'S CHAMPION QUIZ TEAM - THE ONLY QUIZ BOOK YOU NEED THIS CHRISTMAS General knowledge quizzes are ten a penny. Trust The Economist, which knows both the price and the value of everything, to do something different. In its first ever quiz book in a 175-year history, the sharp wits of The Economist's own champion quiz team ('Marginal Futility') throw down the gauntlet for a genuinely severe contest. Ranging over the globe and the sweep of world history, peering into the most significant developments in science, politics and culture, this is the rare quiz whose answers shed real light on the ways of the world. What was Europe's first attempt at an international currency union, before the Euro was a twinkle in Jacques Delors's eye? Where did 15th-Century popes live? Who sang Diggi-Loo Diggi-Ley?

Author: Helaine Olen
Publisher: Penguin
ISBN: 159184679X
Category : Business & Economics
Languages : en
Pages : 306

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Book Description
If you’ve ever bought a personal finance book, watched a TV show about stock picking, listened to a radio show about getting out of debt, or attended a seminar to help you plan for your retirement, you’ve probably heard some version of these quotes: “What’s keeping you from being rich? In most cases, it is simply a lack of belief.” —SUZE ORMAN, The Courage to Be Rich “Are you latte-ing away your financial future?” —DAVID BACH, Smart Women Finish Rich “I know you’re capable of picking winning stocks and holding on to them.” —JIM CRAMER, Mad Money They’re common refrains among personal finance gurus. There’s just one problem: those and many simi­lar statements are false. For the past few decades, Americans have spent billions of dollars on personal finance products. As salaries have stagnated and companies have cut back on benefits, we’ve taken matters into our own hands, embracing the can-do attitude that if we’re smart enough, we can overcome even daunting financial obstacles. But that’s not true. In this meticulously reported and shocking book, journalist and former financial columnist Helaine Olen goes behind the curtain of the personal finance industry to expose the myths, contradictions, and outright lies it has perpetuated. She shows how an industry that started as a response to the Great Depression morphed into a behemoth that thrives by selling us products and services that offer little if any help. Olen calls out some of the biggest names in the business, revealing how even the most respected gurus have engaged in dubious, even deceitful, prac­tices—from accepting payments from banks and corporations in exchange for promoting certain prod­ucts to blaming the victims of economic catastrophe for their own financial misfortune. Pound Foolish also disproves many myths about spending and saving, including: Small pleasures can bankrupt you: Gurus popular­ized the idea that cutting out lattes and other small expenditures could make us millionaires. But reduc­ing our caffeine consumption will not offset our biggest expenses: housing, education, health care, and retirement. Disciplined investing will make you rich: Gurus also love to show how steady investing can turn modest savings into a huge nest egg at retirement. But these calculations assume a healthy market and a lifetime without any setbacks—two conditions that have no connection to the real world. Women need extra help managing money: Product pushers often target women, whose alleged financial ignorance supposedly leaves them especially at risk. In reality, women and men are both terrible at han­dling finances. Financial literacy classes will prevent future eco­nomic crises: Experts like to claim mandatory sessions on personal finance in school will cure many of our money ills. Not only is there little evidence this is true, the entire movement is largely funded and promoted by the financial services sector. Weaving together original reporting, interviews with experts, and studies from disciplines ranging from behavioral economics to retirement planning,Pound Foolish is a compassionate and compelling book that will change the way we think and talk about our money.

Author: Yanis Varoufakis
Publisher: Routledge
ISBN: 1134682603
Category : Business & Economics
Languages : en
Pages : 426

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Foundations of Economics breathes life into the discipline by linking key economic concepts with wider debates and issues. By bringing to light delightful mind-teasers, philosophical questions and intriguing politics in mainstream economics, it promises to enliven an otherwise dry course whilst inspiring students to do well. The book covers all the main economic concepts and addresses in detail three main areas: * consumption and choice * production and markets * government and the State. Each is discussed in terms of what the conventional textbook says, how these ideas developed in historical and philosophical terms and whether or not they make sense. Assumptions about economics as a discipline are challenged, and several pertinent students' anxieties ('Should I be studying economics?') are discussed.