{"product_id":"book-iw8s","title":"Summary, Analysis \u0026 Review of George Akerlof's and Robert Shiller's Phishing for Phools by Instaread","description":"\u003cp\u003ePLEASE NOTE: This is a Summary, Analysis \u0026amp; Review of the book and NOT the original book.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003ePreview:\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eIn \u003cem\u003ePhishing for Phools\u003c\/em\u003e, 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.\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eIn 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…\u003c\/p\u003e\u003cp\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eInside this Summary, Analysis and Review of George Akerlof's and et al \u003cem\u003ePhishing for Phools\u003c\/em\u003e by Instaread:\u003c\/p\u003e\u003cul\u003e\n\u003cli\u003eOverview of the Book\u003c\/li\u003e\n\u003cli\u003eImportant People\u003c\/li\u003e\n\u003cli\u003eKey Takeaways\u003c\/li\u003e\n\u003cli\u003eAnalysis of Key Takeaways\u003c\/li\u003e\n\u003c\/ul\u003e\u003cp\u003eAbout 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.\u003c\/p\u003e","brand":"Findaway World, LLC","offers":[{"title":"Audiobook","offer_id":49442284470576,"sku":"BDiw8s","price":5.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0879\/2784\/9264\/files\/564846-iw8s-Square.jpg?v=1736562025","url":"https:\/\/downpour.com\/products\/book-iw8s","provider":"Downpour","version":"1.0","type":"link"}