What is so hot about Behavioral Economics?

Taken from google. Whoever made this, you are awesome.

Homo economicus and the assumptions

  • Completeness
  • Transitivity
  • Monotonicity
  • Continuity
  • Reduction
  • Substitution

The game changer: Prospect Theory

  • Framing Effect
  • Endowment Effect
  • Loss Aversion
  • Poor estimator of probabilities

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Albert Wibowo

Albert Wibowo

A full-time nerd

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