Introduction 1. The Fundamentals of Shipping Economics: Perfections, Simplifications, and the Big Picture
2. The Story of Ton-Mile: Can We Really Measure Demand or Supply in the Shipping Business?
3. Ships vs. Assets: Fleet vs. Portfolio
4. Garbage In, Gospel Out: Fallacy and Freakonomics of Shipping Statistics
5. Information Asymmetry: What You Know and What You Do Not Know!
6. Emotions: Neuroeconomics of the Shipping Business
7. Alliance Capitalism: Solidarity Survives
8. Cycles: This Time, It’s Almost the Same!
9. The Anatomy of a Shipping Crisis: Dissection of Irrational Exuberance
10. The Shipping Mortgage Crisis: How Ship Valuation Methods Rationalized Toxic Shipping Portfolios and Ship Covered Bonds
11. Glaring Tycoons: Survivorship Bias
12. The Fallacy of ‘Expertise-like’: Know-Whys
13. Too Big to Fail: Winner's Tragedy
14. About the C-Level Executives: Get the Incentives Right
15. Spot vs. Period: Risk vs. Loyalty
16. Too Small to Survive: Uniqueness vs. Size
17. Seafarers and Outsourcing: Bundle It!
18. Dashboard: Visualizing Shipping Metrics
19. The Age of Artificial Intelligence: What Computational Intelligence Needs to be
20. Lenders’ Stimulus: Even Bankers Can be Misled
21. The Magic of the Discount Factor: Temporal Myopia and Hyperbolic Discounting
22. Credit Engineering: Misleading Habits
23. Risk vs. Uncertainty: Swine Flu and Shipping Concluding Remarks