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Book Name: Predictably Irrational: The Hidden Forces That Shape Our Decisions
SubTitle:
Author Name: Dan Ariely
Book Description: A book in which he challenges readers' assumptions about making decisions based on rational thought. Ariely explains, "My goal, by the end of this book, is to help you fundamentally rethink what makes you and the people around you tick. I hope to lead you there by presenting a wide range of scientific experiments, findings, and anecdotes that are in many cases quite amusing. Once you see how systematic certain mistakes are--how we repeat them again and again. I think you will begin to learn how to avoid some of them" (wikipedia).
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Book Name: The Big Short
SubTitle: Inside the Doomsday Machine
Author Name: Michael Lewis
Book Description: Here is a quote from this book- read the book about the "Big Short" if you like this quote- even if you don't particularly care about sub prime mortgages, CDO's and the financial crisis .
"When a Wall Street firm helped him to get into a trade that seemed perfect in every way, he asked the salesman, "I appreciate this, but I just want to know one thing: How are you going to fuck me?" Heh-heh-heh, c'mon, we'd never do that, the trader started to say, but Danny, though perfectly polite, was insistent. We both know that unadulterated good things like this trade don't just happen between little hedge funds and big Wall Street firms. I'll do it, but only after you explain to me how you are going to fuck me. And the salesman explained how he was going to fuck him. And Danny did the trade."
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