Prospect theory

Behavioral economics

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).

Behavioral economics
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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

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Behavioral Biases

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

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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

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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

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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

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6. Behavioral Genetics I

(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

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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

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Introduction to Economics

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

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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

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Lecture 1: Introduction and Overview I (14.13 Psychology and Economics, Spring 2020)

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From playlist MIT 14.13 Psychology and Economics, Spring 2020

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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

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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

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NIPS 2011 Big Learning - Algorithms, Systems, & Tools Workshop: Towards Human Behavior...

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From playlist NIPS 2011 Big Learning: Algorithms, System & Tools Workshop

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S4:E2: Wellbeing is the Goal with Prof. Frank Schilbach

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From playlist Chalk Radio Podcast

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An Economic History of the World Since 1400 | Self-Interest, Survival, and History The Great Courses

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From playlist Latest Uploads

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Mod-01 Lec-32 Transaction cost and Economic Anthropology approaches

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From playlist IIT Madras: History of Economic Theory | CosmoLearning.org Economics

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Behavioral Economics Aren't that Convincing in Medicine

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From playlist Healthcare Triage

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Mod-01 Lec-34 From Schumpeter to neo Schumpetarian evolutionism

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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

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Related pages

Computational economics | Prospect theory | Inequity aversion | Framing effect (psychology) | Expected utility hypothesis | Gambler's fallacy | Marginal utility | Portfolio optimization | Modern portfolio theory | Screening (economics) | Reference dependence | Economic data | Thinking, Fast and Slow | Design of experiments | Supply and demand | Regret (decision theory) | Fair division | Experiment | Game theory | Confirmation bias | Anchoring (cognitive bias) | Big data | Cognitive bias | Quantitative behavioral finance | Loss aversion | Mathematical psychology | Homo economicus | Signalling (economics) | Hindsight bias | Mathematics | Artificial intelligence | Independence of irrelevant alternatives | Satisficing | Effect size | Fuzzy-trace theory | Framing (social sciences) | Strategy (game theory) | Cumulative prospect theory | Demand curve | Slope | Equity premium puzzle | Status quo bias | Endowment effect | Adverse selection | Backward bending supply curve of labour | Information asymmetry | Bounded rationality | Utility