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Economic Psychology

This class was created by Brainscape user Ville Brink. Visit their profile to learn more about the creator.

By: Ville Brink
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Decks in this class (13)

Lecture 1: Introduction
Economic psychology,
3 properties of an economic man
2  cards
Lecture 2: History of Economic Psychology
Normative theories of decision ma...,
Prescriptive theories of decision...,
Descriptive theories of decision ...
29  cards
Lecture 3: Expected Value and Utility Theory
The gamble paradigm,
Expected value,
Null bet
45  cards
Lecture 4: Prospect Theory and Beyond
Expected value ev formula,
Expected utility eu formula,
Prospect theory pt formula
38  cards
Lecture 5: Alternative Models of Choice
Opportunity cost,
Money should be fungible,
Mental accounting
35  cards
Lecture 6: Emotion-Based Choice
Nico frijda,
The law of situational meaning,
The law of concern
47  cards
Lecture 7: Intertemporal Choice
Intertemporal choices,
Intertemporal choice wants vs sho...,
What is the rational thing to do
27  cards
Lecture 9: Fairness and Justice
Types of fairness,
What is fair,
Ranking of allocation models
15  cards
Lecture 10: Self-Interest and Social Preferences
Are we really motivated by self i...,
Adam smith self interest cooperation,
Self interest clear in bargaining...
30  cards
Lecture 11: Maximization and Greed
Hyperchoice,
Homo economicus,
Barry schwartz
45  cards
Lecture 12: Unethical Behavior
Dis honest behavior in economic g...,
Dis honesty in individual setting...,
2 main theoretical approaches
12  cards
Lecture 13: Doing Research in Economic Psychology
Economists vs psychologists sarah...,
Common critique from economists,
1 if the stakes are large enough ...
32  cards
Lecture 14: Wrap Up
Behavioral economics,
Equilibrium in market,
Equilibrium in a strategic game
5  cards

More about
Economic Psychology

  • Class purpose General learning

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