Small Change: Money Mishaps and How to Avoid Them

Awards:   Long-listed for Big Book Awards: Smart Thinking Award 2018 (UK)
Author:   Dan Ariely ,  Jeff Kreisler
Publisher:   Pan Macmillan
Edition:   Main Market Ed.
ISBN:  

9781509864645


Pages:   256
Publication Date:   08 February 2018
Recommended Age:   From 18 years
Format:   Hardback
Availability:   In Print   Availability explained
This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us.

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Small Change: Money Mishaps and How to Avoid Them


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Awards

  • Long-listed for Big Book Awards: Smart Thinking Award 2018 (UK)

Overview

Blending humour and behavioural economics, the New York Times bestselling author of Predictably Irrational delves into the truly illogical world of personal finance to help people better understand why they make bad financial decisions, and gives them the knowledge they need to make better ones. Why does paying for things often feel like it causes physical pain? Why does it cost you money to act as your own real estate agent? Why are we comfortable overpaying for something now just because we’ve overpaid for it before? In Small Change, world renowned economist Dan Ariely answers these intriguing questions and many more as he explains how our irrational behaviour often interferes with our best intentions when it comes to managing our finances. Partnering with financial comedian and writer Jeff Kreisler, Ariely takes us deep inside our minds to expose the hidden motivations that are secretly driving our choices about money. Exploring a wide range of everyday topics – from credit card debt and household budgeting to holiday sales – Ariely and Kreisler demonstrate how our ideas about dollars and cents are often wrong and cost us more than we know. Mixing case studies and anecdotes with tangible advice and lessons, they cut through the unconscious fears and desires driving our worst financial instincts and teach us how to improve our money habits. Fascinating, engaging, funny and essential, Small Change is a sound investment, providing us with the practical tools we need to understand and improve our financial choices, save and spend smarter and ultimately live better. Published in the US as Dollars and Sense.

Full Product Details

Author:   Dan Ariely ,  Jeff Kreisler
Publisher:   Pan Macmillan
Imprint:   Bluebird
Edition:   Main Market Ed.
Dimensions:   Width: 16.00cm , Height: 2.80cm , Length: 24.20cm
Weight:   0.517kg
ISBN:  

9781509864645


ISBN 10:   1509864644
Pages:   256
Publication Date:   08 February 2018
Recommended Age:   From 18 years
Audience:   General/trade ,  College/higher education ,  Professional and scholarly ,  General ,  Tertiary & Higher Education
Format:   Hardback
Publisher's Status:   Active
Availability:   In Print   Availability explained
This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us.

Table of Contents

Reviews

A lively look at how even the wisest among us are too often fools eager to part with our money.Most of us think about money at least some portion of each day-how to get more of it, how to spend less of it. However, cautions Ariely (Psychology and Behavioral Economics/Duke Univ.; Payoff: The Hidden Logic That Shapes Our Motivations, 2016, etc.), working with comedian and writer Kreisler (Get Rich Cheating, 2009), when we bring money into the equation, we make the decisions much more difficult and we open ourselves to mistakes. The better course, they urge, is to consider money not for its own sake-indeed, not to acknowledge its existence at all-but instead to consider the concept of opportunity cost: what do we give up when we make one choice over another? Is the forgone acquisition really the correct one? What if, instead of buying a big-screen TV or new clothes, we thought of what we might do with the hours we don't have to work in order to procure them or of the other things we might buy in their place? Such counsel comes after consideration of other economic notions, such as the endowment effect, whereby we give more significance to things simply because we own them, and our generally risk-averse economic behavior, whereby the pleasure taken in gaining something is vastly overshadowed by the pain caused by losing it. Ariely and Kreisler, writing breezily but meaningfully, allow that money has its uses as a symbolic system of fungible, storable, accessible value. However, the real consideration should always be that spending money now on one thing is a trade-off for spending it on something else, a calculation that is not often reckoned simply because it's more difficult than fishing out a credit card or some other means of delaying the recognition that spending money now has future, downstream effects. A user-friendly and often entertaining treatise on how to be a more discerning, vastly more aware handler of money. * Kirkus Reviews * Ariely (Payoff), a psychology professor, and Kreisler (Get Rich Cheating), a comedian, zero in on the average person's relationship to money in this valuable guide. Part one, What Is Money, and part two, How We Assess Value in Ways That Have Little to Do with Value, describe ways people misthink money, even when these ways seem to be rational. Part three, Put Your Money where Your Mind Is, offers strategies for coping with our irrationality. Where money is concerned, what should matter are opportunity costs, the true benefit a purchase provides, and the real pleasure we receive from it compared to other ways we could spend our money. The authors assert that people don't handle [money] in a way that makes sense but rather in a way that feels good. The authors also address the issue of paying on credit, which they say takes away the pain of having to hand over cash and can lead to overspending. Engaging and funny, rife with anecdotes and advice, the book defangs a difficult topic while teaching a lot. * Publishers Weekly * Ariely raises the bar for everyone. in the increasingly crowded field of popular cognitive science and behavioural economics, he writes with an unusual combination of verve and sagacity. * The Washington Post *


Author Information

Dan Ariely, author of Predictably Irrational and Small Change, is the James B. Duke Professor of Psychology and Behavioral Economics at Duke University, and is the founder of the Center for Advanced Hindsight. His work has been featured in the New York Times, Wall Street Journal, Washington Post, Boston Globe, and elsewhere. He lives in North Carolina with his family. Jeff Kreisler is an award-winning comedian and writer who writes for Comedy Central's InDecision 2008 and maintains a syndicated business humour column on Jim Cramer's website TheStreet. In addition to writing, he performs his stand-up comedy around the country. He lives in New York, NY.

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