518. Are Personal Finance Gurus Giving You Bad Advice?

518.个人理财大师是否给了你不好的建议?

Freakonomics Radio

社会与文化

2022-10-13

1 小时 1 分钟
PDF

单集简介 ...

One Yale economist certainly thinks so. But even if he’s right, are economists any better?

单集文稿 ...

  • Hey there, it's Stephen Dubner.

  • Before we get to this week's episode, we need your help with a future episode.

  • Even if you don't know the book or the movie, even if you didn't know there was a book or a movie, you probably know the word moneyball.

  • That was the title of a book published in 2003 by Michael Lewis.

  • The subtitle is the Art of Winning an Unfair Game.

  • It tells the story of a baseball executive, the Oakland A's general manager Billy Bean, who realized he couldn't compete with the big budgets of the bigger teams.

  • So when it came to assembling his roster, he put his money on smaller bets, smarter bets, statistically sound bets.

  • That's what Moneyball has come to mean today, even to millions of people who don't know a thing about baseball, moneyball means using data to identify advantages that other people might miss.

  • Next year will mark the 20th anniversary of Lewis's book, so we are going to interview him for an episode of our free economics Radio Book Club.

  • And this is your invitation to go ahead and read moneyball or reread it.

  • And if you have questions you'd like me to ask Michael when we interview him, send them to radioeconomics.com subject line moneyball.

  • Thanks in advance.

  • And now on to today's show.

  • I've got a question for you today, a personal question you may not be so comfortable talking about.

  • Let me give a little background first.

  • Years ago, I was writing a book about the psychology of money.

  • I was going to call it money makes me happy, except when it doesn't.

  • But I ended up putting that book in a drawer when I met Steve Levitt, an economist at the University of Chicago.

  • And instead we wrote freakonomics.

  • That's turned out pretty well.