Robert Shiller SM '68, PhD '72 discusses his new book, Phishing for Phools: The Economics of Manipulation and Deception, co-authored with George Akerlof PhD '66. Recorded live at an MIT Alumni Association event at Fidelity Investments in Boston, Shiller talks with Nanette Byrnes, senior editor of business reports at MIT Technology Review. Phishing for Phools, says Shiller, helps readers unpack the psychology of “phishing”--identifying what is at work when markets provide consumers what they don’t necessarily want--and what is at work when they willingly take the bait.