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Economic Psychology

This class was created by Brainscape user Cécile Vital-Durand. Visit their profile to learn more about the creator.

By: Cécile Vital-Durand
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Decks in this class (11)

Expected utility theory
4 preference assumptions,
Ordinal v cardinal statement,
Probability is calculated based on
12  cards
Decision-making and general framework for judgement
Decision requires,
Rational expectations principle,
Incomplete thinking is due to
11  cards
Anchoring and judging heuristically
Anchoring,
Estimating frequencies,
Availability heuristic process
7  cards
Explanation-based judgements and thinking irrationally about uncertainty
Conjunction probability error,
Why do people commit conjunction ...,
Order of proof effect
10  cards
Inverse probabilities and evaluating consequences
Correspondence framework for accu...,
How to avoid inverse probability ...,
Probability fallacies
8  cards
Deliberate v intuitive decision-making
Difficult choices when,
Choice strategies,
Order effects
12  cards
Prospect theory, emotions, neurosciences and uncertainty
Endowment effect,
Query theory,
Emotion appraisal theory
15  cards
Behavioural law and economics
Coase theorem,
Bounded rationality creates biases,
Bounded will power
6  cards
Repugnant markets
What is a repugnant transaction,
Interacts with other factors,
Why is it repugnant
4  cards
Self-control and economic decisions
Standard time discounting,
Hyperbolic time discounting,
Childhood self control study
5  cards
Neuroeconomics
Computational model steps,
Brain computes decision value sig...,
Brain computes experienced utilit...
8  cards

More about
Economic Psychology

  • Class purpose General learning

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