What is Behavioral Economics?
What Is Behavioral Economics, and Where Are the Free Lunches?
Video Rating: 4 / 5
An undergrad wants to go to grad school in economics and seeks advice from a current grad student.
Video Rating: 4 / 5
What Is Behavioral Economics, and Where Are the Free Lunches?
Video Rating: 4 / 5
An undergrad wants to go to grad school in economics and seeks advice from a current grad student.
Video Rating: 4 / 5
The theories of the Austrian School of Economics define “rational” as
acting purposefuly towards goals – using the information that is available.
It doesn’t assume that people are perfect in their way of thinking. People
make logical errors and they do sometimes act by unconscious instincts. It
is all about learning from those mistakes.
▶ What is Behavioral Economics? – YouTube http://ow.ly/nKCpi #behavioral
#economics
How does behavior affect economic decisions and influence how policy is
made? I’m taking a class at Duke with professor Dan Ariely. Are you the
default? Stay tuned for my write up on how defaults affect you, the world
you are in and the decisions you think you make.
wow, your ignorance and failure to concentrate on what is essential will
most certainly make you fail to achieve a fraction of what he has or any
higher academic pursuits for that matter. Good luck!
“In his senior year of high school, he was active in Hanoar Haoved
Vehalomed, an Israeli youth movement. While preparing a ktovet esh (fire
inscription) for a traditional nighttime ceremony, the flammable materials
he was mixing exploded, causing third-degree burns over 70 percent of his
body.[3] In his writings Ariely describes how that experience led to his
research on “how to better deliver painful and unavoidable treatments to
patients.”[4]
I was thinking of becoming a psychology major but for some reason I keep
coming back to economics from when I was a high school student. I like how
psychology gives me the the know how for understanding how people really
act in a world like ours but this sounds interesting! How would you go
about entering this kind of field?
I feel sorry for you.
Guy has a little bit of Bell’s Palsy going on. Its a bit distracting tbh.
They could have used a better spokesperson.
yes. the rational assumptions in classical economic theory really need some
tweaking; we learn from cognitive psychology and critical thinking,
prejudices and biases cloud our so-called rational judgments and
decision-making all the time; simply put, its a safe assumption to make
that humans are irrational by default, and only rational with applied
effort and under the right conditions, notably, when the mind is very calm
and at ease.
He is there for a reason..he is one of the best at what he do.
Cool vid. Guy needs a new tie. Anyways, most of America acts like Homer
Simpson because we are never taught in school about when things end. We are
so concerned about picking people up when they fall, that when you actually
hit rock bottom or financial collapse we just look for the next handout or
bailout.
im 12 and learning about economic
Yes, Econometric and simply Statistics with a business mask on.
“I am laughing at you right now”
Another 25 credits of math/stats and econometrics might be enough to get
into a program. Plus there are PhD Philosophy programs that don’t require
much math. If she doesn’t care about getting rich she should go for it.
I want to be an economist. SO I am going to teach myself maths.
If you don’t like matlab it’s just cause you don’t understand it. All these
fuckin Econ majors ruining the name of a brilliant tool!
all these various cartoon videos disparaging people who want to become
economists, doctors, lawyers, are just stupid, let’s just encourage people
to do what they want to do, not just disparage them
“Economy is the basis of society. When the economy is stable, society
develops. The ideal economy combines the spiritual and the material, and
the best commodities to trade in are sincerity and love.”
~ Morihei Ueshiba
hah haah haah
Freakonomics is pretty good, but Superfreakonomics is bad.
LOL! That’s exactly what I am doing for the past month… tinkering around
the edges and hoping for convergence in my macro model.
Life as a grad student is far better than this depicts. If you’re good, the
money can be quite comfortable and only morons work from the basement. We
have the Internet! And yes you need math in the beginning, but research
ends up being more about ideas and writing for most. I went to a top 10 phd
program and now teach at a top 20 department. Don’t let the depressed
person who wrote this bring you down!
Actually you’ll need math throughout your life as an economist. Math can
provide a great insight in economics and become the source that generates
lots of ideas for research. They are of great necessity in understanding
research even in fields that you’re not that involved in. Right now trying
to find an econ context that would justify research in Markovian infinite
games for my master’s thesis * yeah game theory/mathematical economics
enthusiast *. Shooting for a top 10 as well; fingers crossed
Is there a reason you also use a female to belittle?
saltwater vs freshwater economists*
I like these a lot but one error is that in the UK you don’t have contact
with anyone who would ever tell you what postgraduate life is like since
you don’t really associate with anyone in the field until you get a job
which you need a PhD just to apply for. By the time you look at the labour
market criteria you have no means of response because there isn’t much to
the education beyond paying for the administration of your work for the
certification process.
“Hopefully I have updated your prior about what graduate school will be
like” Bayesian reference?
I don’t know anything about economics but this made me laugh.
Phd group on Linkedin : ” ABG – L’intelli’agence “
You learn more about economics as an undergrad than you do in graduate
school. Grad school is all about developing mathematical models that don’t
correspond to the real world.
I thumbs-up-ed the video, but also got some rather scaring chills…
Having a solid background in math is essential to any economics study
especially at an advanced level. Since she doesn’t care about the money,
she must have a large cash sum to pay for her advanced degrees, because
they’re expensive.
If you want to pursue a PhD in economics because of “money”, well you
probably won’t be able to finish your doctorate. People go into graduate
school because they have a passion and love the subject, money just happens
to be one of the perks. Not to mention the debts too.
after sacrificing your 20s to get a PhD MATLAB will have become self
aware!!!! haha awesome
I wasted my 20s in the military. I have never had a social life. I have
never held a job that justifies my education, and have always struggled
financially. A PhD program would be a step up.