Behavioral Economics – Expected Prospect Value
Jodi Beggs
November 12, 2015
Jodi Beggs: Economists Do It With Models
Summary:
This video describes the formulas for calculating the expected value of a prospect in order to model decision making under uncertainty from a behavioral economics perspective. 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 ...
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This video describes the formulas for calculating the expected value of a prospect in order to model decision making under uncertainty from a behavioral economics perspective. 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
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2015-11-12
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