
Human psychology’s influences on economic decisions.
4.6 (148)
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’?
Ashley
Level 2 · 9 mo agoYep 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 agoProf R was a wine hoarder.
Werner
Level 10 · 8 mo agoThe endowment effect explains why I think my old Raiders jersey is worth a fortune. Pure delusion 🤣