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Markets prey on our weaknesses. Two Nobel Laureates say so.

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One more swipe at homo economicus and he might just meet his maker. This time two Nobel laureates George Akerlof (2001) and Robert Shiller (2013) are packing the punch. In a new book called “Phishing for Phools,” they offer their take on the gap between what economic models foretell and what human psychology actually delivers. On October 19 in Washington they presented the book before a room packed full of Bank staff and guests drawn by the duo’s ivory tower star power.
 
The World Bank’s Marcelo Giugale with Nobel laureates Robert Shiller
and George Akerloff at the World Bank on October 19.
Photo: Nazanine Atabaki.


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