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Behavioral Economics Crash Course Econ 27

Why do people buy the stuff they buy? In classical economics, most models assume that consumers behave rationally. As you've probably noticed in your real ...

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Would you like to play a game, Dr. Falken? Actually, this episode isn't really about games, or Matthew Broderick, or Thermonuclear War. But enough with the ...

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This is a quick overview of The Ultimatum Game. It is a super fun activity and a great way to show that people don't just look at money when they make decisions.

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How much should you get paid for your job? Well, that depends on a lot of factors. Your skill set, the demand for the skills you have, and what other people are ...

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What is a monopoly? It turns out, it's more than just a board game. It's a terrible, terrible economic practice in which giant corporations dominate markets and hurt ...

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Is Immigration good or bad? Immigration is a touchy subject in the United States. The 2016 election has been filled with debate about the subject, and both ...

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Why is health care so expensive? Once again, there are a lot of factors in play. Jacob and Adriene look at the many reasons that health care in the US is so ...

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So, if economics is about choices and how we use our resources, econ probably has a lot to say about the environment, right? Right! In simple terms, pollution is ...

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They say money can't buy happiness, but who are they? Can money buy happiness? The answer is: sort of. While money may not be able to buy true happiness, ...

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We talk a lot about Keynesian economics on this show, pretty much because the real world currently runs on Keynesian principles. That said, there are some ...

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Behavioural Economics tries to mix insights from Psychology with Economics, and looks at problems through the eye of a “Human”, rather than an “Econ”. It uses ...

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We've been talking about the unavoidables recently. Last time, we covered Death. This time, it's taxes. So, what are taxes? Why do we pay taxes? What is all that ...

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BE BRIGHT: "Overcome your fear of making a mistake. Take a bold stance, an active role in big life situations. Calculate the risk, and take control!" In the spirit of ...

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Audience Question: Where do you think reality falls between so-called rational economics and behavioral economics? --On the Bonus Show: Tax cuts don't lead ...

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How do companies make money? What are profits? Revenues? How are prices set? This week, Jacob and Adriene are talking business. Whether you're selling ...

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This week, Adriene and Jacob teach you about macroeconomics. This is the stuff of big picture economics, and the major movers in the economy. Like taxes and ...

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Anchoring is the use of (usually) irrelevant information as a reference point for helping to make an estimate of an unknown piece of information. In other words ...

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Recorded with http://screencast-o-matic.com.

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This week Jacob and Adriene teach you about marginal analysis, which you're using RIGHT NOW! The video is coming from inside the house! Or something.

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How and why the economy works… in 3 minutes. Learn More: https://www.learnliberty.org/ At some point in our distant past, a human who had food met another ...

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