– Stephen J. Dubnerl & Steven D. Levitt
The international bestselling Freakquel to Levitt and Dubner’s Freakonomics, this book sees them looking deeper, questioning harder and uncovering even more hidden truths about our world, from global cooling to patriotic prostitutes, drunk walking to why suicide bombers should buy life insurance.
‘Mind-blowing’ Wall Street Journal
‘Page-turning, politically incorrect and ever-so-slightly intoxicating, like a large swig of tequila’ The Times
‘Like Freakonomics but better … you are guaranteed a good time’ Financial Times
‘Great fun … Levitt is a master at drawing counter-intuitive conclusions’ Sunday Times
‘Studded with intriguing examples’ Daily Telegraph
02. Think Like a Freak: Secrets of the Rogue Economist
– Steven D. Levitt & Stephen J. Dubner
In this Freak ‘how-to’ guide, the mavericks behind the Freakonomics phenomenon teach you their secrets: how to challenge conventional wisdom, unravel life’s secret codes and think differently – that is, think like a Freak. Levitt and Dubner see the world like no-one else. Now you can too.
‘My gut reaction to this life-changing book is “Where have you been all my life?” You will turn pages with delight’ Jeffery Taylor, Sunday Express
‘Captivating, intellectually robust, funny, surprising and wise. What else can one ask?’ Daniel Finkelstein, The Times
‘Illuminating, good fun, endearing, genial … I was delighted’ Philip Roscoe, The Times Higher Education
‘It’s about how to look at the world, and see the ugly truth … excellent stuff’ William Leith, Spectator
‘A phenomenon … their approach has won them a cult following’ Observer
03. The Joy of Game Theory: An Introduction to Strategic Thinking
– Presh Talwalkar
This book is a selection of the best articles from Game Theory Tuesdays, a column from the blog Mind Your Decisions. Articles from Game Theory Tuesdays have been referenced in The Freakonomics Blog, Yahoo Finance, and CNN.com.Game theory is the study of interactive decision making–that is, in situations where each person’s action affects the outcome for the whole group.
Game theory is a beautiful subject and this book will teach you how to understand the theory and practically implement solutions through a series of stories and the aid of over 30 illustrations.This book has two primary objectives.(1) To help you recognize strategic games, like the Prisoner’s Dilemma, Bertrand Duopoly, Hotelling’s Game, the Game of Chicken, and Mutually Assured Destruction.(2) To show you how to make better decisions and change the game, a powerful concept that can transform no-win situations into mutually beneficial outcomes.
You’ll learn how to negotiate better by making your threats credible, sometimes limiting options or burning bridges, and thinking about new ways to create better outcomes.As these goals indicate, game theory is about more than board games and gambling. It all seems so simple, and yet that definition belies the complexity of game theory. While it may only take seconds to get a sense of game theory, it takes a lifetime to appreciate and master it. This book will get you started.
04. Theory of Games and Economic Behavior
This is the classic work upon which modern-day game theory is based. What began as a modest proposal that a mathematician and an economist write a short paper together blossomed, when Princeton University Press published Theory of Games and Economic Behavior. In it, John von Neumann and Oskar Morgenstern conceived a groundbreaking mathematical theory of economic and social organization, based on a theory of games of strategy. Not only would this revolutionize economics, but the entirely new field of scientific inquiry it yielded–game theory–has since been widely used to analyze a host of real-world phenomena from arms races to optimal policy choices of presidential candidates, from vaccination policy to major league baseball salary negotiations. And it is today established throughout both the social sciences and a wide range of other sciences.
05. The Millionaire Fastlane
– M. J. DeMarco
Is the financial plan of mediocrity — a dream-stealing, soul-sucking dogma known as “The Slowlane” your plan for creating wealth? You know how it goes; it sounds like this: “Go to school, get a good job, save 10% of your paycheck, buy a used car, cancel the movie channels, quit drinking expensive Starbucks lattes, save and penny-pinch your life away, trust your life-savings to Wall Street, preferably a low cost indexed-fund, and then one day, when you are oh, say, 65 years old, you can retire rich.”
The mainstream financial gurus have sold you blindly down the river to a great financial gamble: You’ve been hoodwinked to believe that wealth can be created by recklessly trusting in the uncontrollable and unpredictable markets: the stock market, the job market, and the housing market. This impotent financial gamble dubiously promises wealth in a wheelchair — sacrifice your youth for a financial plan that reaps dividends in life’s twilight.
Accept the Slowlane as your blueprint for wealth and your financial future will drift carelessly on a sailboat of HOPE: HOPE you can find a job and keep it, HOPE the stock market doesn’t tank, HOPE the economy rebounds, HOPE, HOPE, and HOPE. Do you really want HOPE to be the centerpiece for your family’s financial plan?
Drive the Slowlane and life will deteriorate into a miserable exhibition about what you cannot do, versus what you can. For those who don’t want a lifetime subscription to mediocrity and a lottery-sized chance of elderly riches, there is an alternative; an expressway to extraordinary wealth that can burn a trail to financial independence faster than any road out there.
A Rogue Economist Explores the Hidden Side of Everything
– Steven D Levitt &
Which is more dangerous, a gun or a swimming pool? Which should be feared more: snakes or french fries? Why do sumo wrestlers cheat? In this groundbreaking book, leading economist Steven Levitt–Professor of Economics at the University of Chicago and winner of the American Economic Association’s John Bates Clark medal for the economist under 40 who has made the greatest contribution to the discipline–reveals that the answers. Joined by acclaimed author and podcast host Stephen J. Dubner, Levitt presents a brilliant–and brilliantly entertaining–account of how incentives of the most hidden sort drive behavior in ways that turn conventional wisdom on its head.
07. Super Thinking:
Upgrade Your Reasoning and Make Better Decisions with Mental Models
– Gabriel Weinberg & Lauren McCann
This is one of the top of 7 Books to make you smarter , intelligent and more knowledgeable .
You want to make better decisions. You want to be right more of the time professionally and personally. However, being more right consistently is a hard problem because the world is such a complex, evolving place. How do you navigate this complexity?
Mental models are decision-making tools that guide our perception of the world and our behaviour in it. They help us understand life, make decisions and solve problems. The best models help us make intelligent investments, develop ground-breaking technologies and even travel to outer space.
– Note your frame of reference before debating someone with different political views. If you understand how your perspective contrasts with someone else’s you can prevent the conversation from getting hostile.
– Apply the sunk cost fallacy to the end of a doomed project. Just because you’ve put a lot of hours into it doesn’t mean that you have to keep going.
– Before blaming someone, consider Hanlon’s Razor, ‘Never attribute to malice that which is adequately explained by carelessness’.
– Try to solve mysteries with Occam’s Razor, ‘Among competing hypotheses, the one with the fewest assumptions should be selected’. When you hear hoof beats, think of horses not zebras.
Building on our knowledge of well-known models such as the Bandwagon Effect or Paradigm Shift and introducing us to the lesser known like the Eisenhower Matrix or the Boiling Frog Symbol, this indispensable book distils the most effective mental models into a single, digestible volume. It will make even the most complex models accessible and engaging to enable you to make better, more informed decisions in every part of your life.