Update from a Cool Friend

Everywhere he goes, Cool Friend Dan Ariely, the behavioral economist, meets people desperate to understand what is going on with the economy and why we were blindsided. In response to this demand he has updated his book Predictably Irrational. On the shelves May 19—today!—you will find Predictably Irrational, Revised and Expanded Edition: The Hidden Forces That Shape Our Decisions.

In over 25% of fresh material, Ariely addresses questions we all have, such as:

• Why did people take mortgages they couldn’t afford and why did lenders grant them?
• What caused bankers to lose sight of the economy?
• Did the government underestimate the importance of trust as an economic asset?
• Why didn’t we plan better for the possibility of bad times?
• If a rational approach doesn't protect us, what are we supposed to do in the future?

If you missed his book the first time around, this may be the time to take a look.