Wednesday , December 18 2024
Home / Video / Behavioral Economics – The Motivation for Prospect Theory

Behavioral Economics – The Motivation for Prospect Theory

Summary:
This video gives a motivating example for prospect theory where individuals’ preferences can’t be explained using the traditional expected utility framework. In addition, the lecture contains an interesting discussion regarding experimental best practices. As told to my students at Northeastern University. For more information and a complete listing of videos and online articles by topic ...

Topics:
Jodi Beggs considers the following as important:

This could be interesting, too:

Dean Baker writes Health insurance killing: Economics does have something to say

NewDealdemocrat writes Retail Real Sales

Angry Bear writes Planned Tariffs, An Economy Argument with Political Implications

Joel Eissenberg writes Will DOGE be an exercise in futility?











This video gives a motivating example for prospect theory where individuals’ preferences can’t be explained using the traditional expected utility framework. In addition, the lecture contains an interesting discussion regarding experimental best practices. 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



Leave a Reply

Your email address will not be published. Required fields are marked *