Manipulation and deception: how not to fall into the trap of a simpleton hunter

The Mann, Ivanov and Ferber Publishing House has published the book The Hunt for the Simpleton. The economics of manipulation and deception. ” The authors are two Nobel laureates in economics, identity economics researcher George Akerlof and Yale professor Robert Schiller.

The market economy has become a favorable environment for misleading consumers. There are so many “hunters” in the world who are inventive and smart that each of us throughout our lives at least once, but will fall into their bait. It is unlikely that the book will help to completely protect readers from this, but the authors gave examples to recognize seller fraud or dangerous schemes in the economy. Continue reading →