Jodi Beggs: Economists Do It With Models

This video goes through a review of expected utility as a precursor to discussing prospect theory and its role in behavioral economics. 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...

This video outlines the assumptions of economic rationality (and discusses how such assumptions are unreasonable if taken literally), 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...

Welcome to Behavioral Economics! This video gives a brief introduction to and history of behavioral economics, 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...

Welcome to Behavioral Economics! This video gives a brief introduction to and history of behavioral economics, 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...

Jodi Beggs gives opening remarks at the American Economic Association Annual Meeting Humor Session. For more information and online content, see http://www.economistsdoitwithmodels.com. 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:...

“Textbooks are beginning to integrate behavioral economics into principles textbooks, but it’s not always clear how behavioral concepts affect the traditional models that instructors teach at the introductory level. This talk will outline the ways economic actors can deviate from the assumption of rationality and give several examples of how to adapt basic models in order to take these irrationalities into account.”

“Textbooks are beginning to integrate behavioral economics into principles textbooks, but it’s not always clear how behavioral concepts affect the traditional models that instructors teach at the introductory level. This talk will outline the ways economic actors can deviate from the assumption of rationality and give several examples of how to adapt basic models in order to take these irrationalities into account.”

“Textbooks are beginning to integrate behavioral economics into principles textbooks, but it’s not always clear how behavioral concepts affect the traditional models that instructors teach at the introductory level. This talk will outline the ways economic actors can deviate from the assumption of rationality and give several examples of how to adapt basic models in order to take these irrationalities into account.”

“Textbooks are beginning to integrate behavioral economics into principles textbooks, but it’s not always clear how behavioral concepts affect the traditional models that instructors teach at the introductory level. This talk will outline the ways economic actors can deviate from the assumption of rationality and give several examples of how to adapt basic models in order to take these irrationalities into account.”

Jodi Beggs explains why economics is called the "dismal science" with some help from a few Boston-based comedians. For more information and online content, see http://www.economistsdoitwithmodels.com. 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:...