"Phishing for Phools" by George A. Akerlof and Robert J. Shiller. A Review
Phishing for Phools: The Economics of Manipulation and Deception by George A. Akerlof My rating: 4 of 5 stars They come in your email, those promises that look too good to be true. Like the one from a lawyer in Nairobi, the widow of a high-placed Government official from Uganda, the U.S. Army Sergeant in Afghanistan, even from Director James Comey of the FBI; all pledging hundreds of thousands or even millions of dollars just for the taking. By now you know the scam, called phishing, well enough to disregard them without even opening the emails. George A. Akerlof and Robert J. Shiller, both Co-Winners of the Nobel Prize in Economics in different years and professors of Economics at prestigious Ivy League universities, have taken the notion of phishing and moved it to the area of economics in their 288 hardcover “Phishing for Phools: The Economics of Manipulation and Deception.” This disarming title covers a fairly technical dossier purportedly for non-technical readers, “consumers…b...