“What do you get when you cross an esteemed economics scholar with the trials and tribulations of everyday life? The answer: this guide, by the University of Chicago’s Robert Michael. The Five Life Decisions offers a handy introduction to powerful economic concepts by applying them to the pragmatic, real-world choices that young people have to make.”──Beth Kobliner, author of Get a Financial Life: Personal Finance in Your Twenties and Thirties
"Bob Michael, who has spent his distinguished career gathering and interpreting data, cogently uses decades of research to add light to our really important choices in life. In the process, he reminds us that economics is not just about graphs and fancy math. It is about understanding human behavior and helping us to live better."──Charles Wheelan, author of Naked Economics: Undressing the Dismal Science
“This is a fantastic book that every young person should read. Michael equips us to think harder about fundamental life decisions. When it comes to difficult choices, the scientific research summarized in The Five Life Decisions can truly help.” ──Annamaria Lusardi, academic director of the Global Financial Literacy Excellence Center at George Washington University