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Behavioral Economics – The Probability Weighting Function

Summary:
This video introduces the probability weighting function used in prospect theory and discusses some of its properties. As told to my students at Northeastern University. For more information and a complete listing of videos and online articles by topic or textbook chapter, see http://www.economistsdoitwithmodels.com/economics-classroom/ For t-shirts and other EDIWM items, see http://www.economistsdoitwithmodels.com/merch/ By Jodi Beggs - Economists Do It With Models http://www.economistsdoitwithmodels.com Facebook: http://www.facebook.com/economistsdoitwithmodels Twitter: http://www.twitter.com/jodiecongirl Tumblr: http://economistsdoitwithmodels.tumblr.com

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This video introduces the probability weighting function used in prospect theory and discusses some of its properties. As told to my students at Northeastern University.



For more information and a complete listing of videos and online articles by topic or textbook chapter, see http://www.economistsdoitwithmodels.com/economics-classroom/



For t-shirts and other EDIWM items, see http://www.economistsdoitwithmodels.com/merch/



By Jodi Beggs - Economists Do It With Models

http://www.economistsdoitwithmodels.com

Facebook: http://www.facebook.com/economistsdoitwithmodels

Twitter: http://www.twitter.com/jodiecongirl

Tumblr: http://economistsdoitwithmodels.tumblr.com

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