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Written by听Reuven Brenner

George Akerlof鈥檚 and Robert Shiller鈥檚 (Nobels in economics) new book, titled Phishing for Phools: The Economics of Manipulation and Deception declares on its first page that people 鈥渄o not do what is really good for them; they do not choose what they really want.鈥� It appears that a main preoccupation of economists 鈥� the self declared 鈥渂ehavioral economists鈥� prominent among them 鈥� is to show how dumb people are as consumers and in assessing risks.

Part 1:听, December 6, 2015

Part 2:听Why 鈥榖ehavioral economics鈥� is neither 鈥榖ehavioral,鈥� nor 鈥榚conomics鈥�,听, December 13, 2015