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\nBehavioral Economics: Crash Course Economics\n

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\n\nPublisher:\n\nCrash Course\n\n\n
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\nWhy do people buy the stuff they buy? In classical economics, most models assume that consumers behave rationally. As you've probably noticed in your real life, in case after case, people don't actually make rational decisions. There can...\nWhy do people buy the stuff they buy? In classical economics, most models assume that consumers behave rationally. As you've probably noticed in your real life, in case after case, people don't actually make rational decisions. There can be emotional or social reasons for all this irrationality, and behavioral economics tries to address this. We'll talk about risk, nudge theory, prices and perception, and the ultimatum game. So, let's get irrational, in a logical way, of course.\n
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Resource Details

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Curator Rating
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Educator Rating
Not yet Rated
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Media Length
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10:33
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Grade
12th - Higher Ed
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Subjects
Social Studies & History
3 more...
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Media Type
Instructional Videos
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Source:
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\nCrash Course Economics\n\n
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Date
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2016
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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Additional Materials

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Concepts

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demand, economists, economics, ice cream
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Additional Tags

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predictable, deal, year, watching, crash course, fact, price, irrational, explain, thought, researchers, behavioral economists, real life, player offers, risk, made, turns, group, decision, rational, behavioral economics, people, loss aversion, crash, make decisions, player
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Classroom Considerations

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Best For: Explaining a topic
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Educator Ratings

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\n\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Behavioral Economics: Crash Course Economics\" href=\"/subscription/new\">\"Behavioral\n\n
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