Ebook Behavioral Economics: When Psychology and Economics Collide
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Behavioral Economics: When Psychology and Economics Collide
Ebook Behavioral Economics: When Psychology and Economics Collide
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Behavioral economics is the study of decision making, and of the related themes of valuation, exchange, and interpersonal interactions. Using methods from psychology, sociology, neurology, and economics, behavioral economics sheds light one of the most fundamental activities of human life:the decision process. In 24 insightful lectures, you'll learn how behavioral economists look at decision making and explore a set of key principles that offer deep insight into how we evaluate information and integrate different factors to make decisions. Most important, using real-life illustrations and case studies, each lecture offers practical tools, so that you can understand the patterns of decision making, the purposes they serve, and how to use your knowledge to make better and more satisfying decisions.
In grasping the underlying factors in decision making, you'll explore key topics such as decisions regarding probability, time-related decisions, managing risk, high-stakes medical decisions, and group decision making. Professor Huettel illustrates each concept with meaningful examples, analogies, and case studies, relating the material directly to the decisions all of us make as a central part of living. This unique course gives you essential knowledge and insights for one of life's most important skills.
Product details
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Audible Audiobook
Listening Length: 11 hours and 58 minutes
Program Type: Audiobook
Version: Original recording
Publisher: The Great Courses
Audible.com Release Date: December 13, 2013
Language: English, English
ASIN: B00GT2QZ20
Amazon Best Sellers Rank:
If you have no prior exposure to behavioral economics, this course provides a decent introduction. The positives are that Huett is clear and organized, and the course includes most of the main ideas of behavioral economics (bounded rationality, satisificing, heuristics, biases, loss aversion, framing, precommitment, wisdom of diverse crowds, etc.). But on the negative side, if you've had prior exposure to behavioral economics - as I have - you're likely to find this course somewhat boring and 'low yield' relative to the 12 hours it consumes, more oriented towards info of academic interest rather than focused on practical and interesting applications. So for me, this is a 3-star course, but I'll be generous and give it 4 stars because most people would likely get more out of it than I did.
Should have read the reviews on this one. After investing 12 hrs, I don't feel the course held my attention nor gave me much more knowledge on the subject matter. I've read a fair amount of books on the subject matter before so I wasn't expecting much new material but I was disappointed in the amount of time invested and the return on got on that time. In short, I would recommend that you read some great books on the subject rather than this audiobook.
This is an easy to understand introduction to behavioral economics. It discusses ideas like reference dependence, range effects, and the many biases which people exhibit when making decisions. While it could have been shorter, it's nice that behavioral economics is beginning to make its way into main stream acadamia.
For anyone not familiar with this field, these lectures are a great introduction. You'll be staggered when you begin to realize how easily human perceptions and judgement (yes, even yours) are manipulated by those trying to get you to do something. Easy to follow, fun to listen to, and well organized, I found these thoroughly enjoyable.
I have some experience with behavioral economics and found this to be an excellent summary both of the areas that I know something about and of areas with which I am only somewhat familiar. The examples are aptly selected and presented, the narrative presentation is clear. This is not a mathematical presentation of the area but those familiar with the math models will quickly recognize them and may appreciate seeing/hearing how they can be presented. Those not familiar with the area will enjoy hearing some of the subtle ways that choices can be influenced and may improve their own decision-making.
A big, boring disappointment. I listen to economics lectures from the LSE all the time, so I have good yardstick by which to measure the content. It is, in essence, one hour of material stretched into a dozen. Thusly, it is very repetitive.
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