Behavioral economics studies the effects of psychological, cognitive, emotional, cultural and social factors on the decisions of individuals or institutions, such as how those decisions vary from those implied by classical economic theory. Behavioral economics is primarily concerned with the bounds of rationality of economic agents. Behavioral models typically integrate insights from psychology, neuroscience and microeconomic theory. The study of behavioral economics includes how market decisions are made and the mechanisms that drive public opinion. The concepts used in behavioral economics today can be traced back to 18th-century economists, such as Adam Smith, who deliberated how the economic behavior of individuals could be influenced by their desires. The status of behavioral economics as a subfield of economics is a fairly recent development; the breakthroughs that laid the foundation for it were published through the last three decades of the 20th century. Behavioral economics is still growing as a field, being used increasingly in research and in teaching. (Wikipedia).
7. Behavioral Finance: The Role of Psychology
Financial Markets (ECON 252) Behavioral Finance is a relatively recent revolution in finance that applies insights from all of the social sciences to finance. New decision-making models incorporate psychology and sociology, among other disciplines, to explain economic and financial phen
From playlist Financial Markets (2008) with Robert Shiller
Enjoying the lectures? Come join Prof. Ayres' on Coursera! Enrolling in his course will allow you to join in discussions with fellow learners, take assessments on the material, and earn a certificate! Link - https://www.coursera.org/learn/law-student Whether you are an advanced law studen
From playlist A Law Student's Toolkit
Misbehaving: The Making of Behavioral Economics | Richard Thaler | Talks at Google
Richard Thaler, in conversation with Hal Varian, Google's Chief Economist Richard Thaler, co-author of Nudge, will discuss his new book, Misbehaving: The Making of Behavioral Economics. In this book, he couples recent discoveries in psychology with a practical understanding of incentives
From playlist Interviews and Talks
Game theory (4), evolution and economics.
This video concludes by showing how the consideration of maximum fitness in biology has a direct analog with maximum fitness (i.e., profit or success) in economics. The best way of thinking about successful and high fitness strategies must always be done from the perspective of the individ
From playlist TAMU: Bio 312 - Evolution | CosmoLearning Biology
Behavioral Economics for Product Design 101 - O'Reilly Webcast
Have you heard about behavioral economics but aren't sure how it applies to you? Behavioral econ can help you understand your users and how to make your product more effective. In this Webcast, we'll start with the basics and move to practical techniques you can use in your product. Here'
From playlist O'Reilly Webcasts 3
(April 12, 2010) Robert Sapolsky introduces a two-part series exploring the controversial scientific practice of inferring behavior to genetics. He covers classical techniques in behavior genetics and flaws, the significance of environmental factors, non genetic inheritance of traits, and
From playlist Genetics & Genomics
2. Utilities, Endowments, and Equilibrium
Financial Theory (ECON 251) This lecture explains what an economic model is, and why it allows for counterfactual reasoning and often yields paradoxical conclusions. Typically, equilibrium is defined as the solution to a system of simultaneous equations. The most important economic mode
From playlist Financial Theory with John Geanakoplos
What is economics? Yes, of course it has to do with money. But beyond the concepts that we might immediately think of, like taxes, gross domestic product, and the stock market, which belong to macroeconomics, we must also understand microeconomics. Deconstructing the personal decisions we
From playlist Economics
The Behavioral Edge: level up your data skills with behavioral science
Data engineering is the unsung hero of the analytics revolution. While machine learning algorithms get all the spotlight, the quality of data can make or break an analytics project. Missing data or entry errors are just the tip of the iceberg: Thoughtfully creating new variables that are t
From playlist Ace Your Data Science Interview
Lecture 1: Introduction and Overview I (14.13 Psychology and Economics, Spring 2020)
MIT 14.13 Psychology and Economics, Spring 2020 Instructor: Prof. Frank Schilbach View the complete course: https://ocw.mit.edu/14-13S20 YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP63Z979ri_UXXk_1zrvrF77Q In this first video, Prof. Frank Schilbach introduces the top
From playlist MIT 14.13 Psychology and Economics, Spring 2020
Lecture 4: Behavioral Development Economics: Introduction
MIT 14.771 Development Economics, Fall 2021 Instructor: Frank Schilbach View the complete course: https://ocw.mit.edu/courses/14-771-development-economics-fall-2021 YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP61kvh3caDts2R6LmkYbmzaG Part 1 of 2 of Behavioral Deve
From playlist MIT 14.771 Development Economics, Fall 2021
Behavioral Economics: Crash Course Economics #27
Why do people buy the stuff they buy? In classical economics, most models assume that consumers behave rationally. As you've probably noticed in your real life, in case after case, people don't actually make rational decisions. There can be emotional or social reasons for all this irration
From playlist Economics
NIPS 2011 Big Learning - Algorithms, Systems, & Tools Workshop: Towards Human Behavior...
Big Learning Workshop: Algorithms, Systems, and Tools for Learning at Scale at NIPS 2011 Invited Talk: Towards Human Behavior Understanding from Pervasive Data: Opportunities and Challenges Ahead by Nuria Oliver Nuria Oliver is currently the Scientific Director for the Multimedia, HCI
From playlist NIPS 2011 Big Learning: Algorithms, System & Tools Workshop
S4:E2: Wellbeing is the Goal with Prof. Frank Schilbach
Episode Summary: MIT Prof. Frank Schilbach helps us reframe our traditional understanding of economics. Episode Notes: Do you always make the best possible choices, even when you’re stressed or short on sleep? The ideally rational person (“Homo economicus”) assumed by conventional economi
From playlist Chalk Radio Podcast
An Economic History of the World Since 1400 | Self-Interest, Survival, and History The Great Courses
Learn more about this course and sign up for a FREE trial of The Great Courses Plus here: https://wondrium.com/youtube/lp/t2/generic?utm_source=Video&utm_medium=Youtube&utm_campaign=149570 Economics has, in many regards, created the world. Not only is it the process through which societie
From playlist Latest Uploads
Mod-01 Lec-32 Transaction cost and Economic Anthropology approaches
History of Economic Theory by Dr. Shivakumar, Department of Humanities and Social Sciences IIT Madras, For more details on NPTEL visit http://nptel.iitm.ac.in
From playlist IIT Madras: History of Economic Theory | CosmoLearning.org Economics
Behavioral Economics Aren't that Convincing in Medicine
There have been a lot of stories about using behavioral economics to change wide array of human behaviors. Studies have looked at adherence to treatments, weight control, and lots of other areas, and have found that trying to change people with economics isn't all that effective. Aaron ha
From playlist Healthcare Triage
Mod-01 Lec-34 From Schumpeter to neo Schumpetarian evolutionism
History of Economic Theory by Dr. Shivakumar, Department of Humanities and Social Sciences IIT Madras, For more details on NPTEL visit http://nptel.iitm.ac.in
From playlist IIT Madras: History of Economic Theory | CosmoLearning.org Economics
The Explainer: What is a Business Model?
"Business model" and "strategy" are among the most sloppily used terms in business. --------------------------------------------------------------------- At Harvard Business Review, we believe in management. If the world’s organizations and institutions were run more effectively, if our
From playlist The Explainer