Insightful Economics

Insightful Economics

Human psychology’s influences on economic decisions.

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71 mins

Explore the interaction between human behavior and economic decision-making, covering the endowment effect, systematic saving, emotional investing, game theory in markets, and probabilistic thinking for better predictions. These insights enhance our understanding of behavioral psychology’s impact on economic decisions.

Ep 1:

What is Endowment Effect in Behavioral Economics?

Ep 2:

What Is the ‘Christmas Club’?

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Discussions (13)

Ashley

Level 2 · 9 mo ago

Yep the endowment effect is massively real. You see it constantly on Vinted where sellers price their old worn out clothes like they are vintage gold.

Brady

Level 6 · 9 mo ago

Prof R was a wine hoarder.

Werner

Level 10 · 8 mo ago

The endowment effect explains why I think my old Raiders jersey is worth a fortune. Pure delusion 🤣

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