Thank you for great explanations about prospect theory. However, I miss an explanation of how skewed decision weights, particularly the possibility effect and the certainty effect, affect risk aversion. According to the fourfold pattern the possibility effect overrides the curvature of the value function on both sides at low probabilities.
@sanafarahani64725 ай бұрын
Thank you. you explained so clear. wish to upload more vidoes about Expected utility theory
@dfdfgdfkih Жыл бұрын
You save my life. Love you so much!
@fucknestle99763 жыл бұрын
i like being able to say "this captures reality" after drawing an econ graph
@StephanieHughesDesign6 ай бұрын
Excellent video. As an Econ. major undergrad and MBA Fin. et Econ, I never took any Behav. Econ courses. This is stellar. Prof. Ashley makes my post grad MBA Finance Prof. look like a smug rank amateur. What texts are selected for this Behav. Econ curriculum course. I would like to buy the assigned textbooks and complete this entire course.
@AshleyHodgson6 ай бұрын
Texts: Thinking Fast and Slow by Daniel Kahneman Misbehaving by Richard Thaler Predictably Irrational by Dan Ariely They're all really fun!
@haoli4975 Жыл бұрын
this vid is absolutely amazing!
@MsCher6155 ай бұрын
Can you have a video ma'am having the risk averse, risk seeking, and risk neutral in the same example. Thankyou maam
@aleksandartodorovic88363 жыл бұрын
Great explanations. Thank you so much.
@MsCher6155 ай бұрын
How can we insert the risk neutral on this?
@jeetarthshrotriya89443 жыл бұрын
Amazing explanation
@pongsakornnimphaya132 Жыл бұрын
Thank you
@ajitkhanal5072 жыл бұрын
Thank you!
@Arashhh85 Жыл бұрын
Positive Utility is the way people behave and it is logical, the negative prospect theory is how people behave and is illogical.
@MsCher6155 ай бұрын
Can you help me understand further more about this please
@silviacamacho83732 жыл бұрын
Thank you! 😀
@Momo-yl3hs Жыл бұрын
I really didn’t get anything these graphs makes things more complicated