Behavioural Economics explained in less than 8 minutes 

THIS IS THE DEFINITION OF UNDERRATED!!!!! Do you have an idea how many lives you could save??? Cant believe this is not famous.

Your content is just great! Learned something new a few times even though I studied it. Good job!

Feeling like I’m finally finding the information I need towards this career! Thank you 😊

Thanks for the education. Fantastic informative videos on our "bounded rationality" 👍 Good job

6:00 DAAAAAAMN, SO TRUE!!!!!! I realized this while VERY sick, "im not being myself" and the impulse to take more medicine can be HUGE, "i think it wasnt enough this time" or "i waited enough" or "GOOOOOD, MAKE IT STOOOOP!!!!!"

This was so easily explained thanks man !

Love this!!! Looking forward to your new content! Good luck :)

Wow that’s crazy interesting - thanks so much for making this vid! ❤

You explained it so well! Thank you❤

Loved your explanation!

1:08 I can sense the laugh in this 😂😂, if there's something the internet made us do was refute this part repeatedly. But props those guys for never procrastinating in their lives. What annoys me about Moneyball is that is in 2002 and they totally ignore the human aspect on the scenes ive saw and use traditional economics, BE existed since 70s for christ sake! 2:40 😂😂😂😂😂 EXCELLENT way to rephrase what Kahneman tried to say and failed in his book!!! He just kept hammering as a joke that they were emotionless. 2:50 😂😂😂😂😂 WTH?? How are you so underrated???

I think the precise word isnt 'traditional economics' but more like 'neoclassical economics'. Thats because richard thaler himself said that people like keynes, and adam smith itself is being considered as behavioral econs. Neoclassical econs was a more rational people that comes after the 'traditional' ones, example: paul samuelson. Btw thx for this great video hehe.

Wow, well presented i love it.

Have you read Beau Lotto' book Deviate? I think you would like it: neuroscience of perception :) my opinion is that it ties in nicely with behaviour science. Good interview if you want a taste is the one Lotto did with Jordan Harbinger. Cheers!

Thank you for this video! Can you let us know where you did BA or Masters in Behavioral Economics?

Emotions are under ‘utility maximization.’ The trouble is ‘utility’ definition.

Any advice on how to psychologically get my customers to understand that the time it takes to alter a garment to create a good fit (for all kinds of body shapes) and the time it takes for it to be produced in a factory (with their personal body shape not taken into consideration is vastly different and worth paying for? I feel that my work is really worth while …but not financially! 😏

Best thumbnail ever

Have you considered becoming a proffesor? Seems like a valid career path for you since you're such an excellent teacher :3

Great video

great video!!!!!!!!!

really well explained!

I'm a high school student of economics and this is the first piece of info i watched regarding the Behavioral Econ field and I'm fascinated to say the least! Great work and beautiful metaphors!!

This only works short term Eventually people wise up to all the little manipulation going around

Thank you this is insightful

Such a great vdo. Tysm

Is behavioural economics used in any way by the central banks for monetary policy decision?

Great video. Thanks.

really effective explanation👊

amazing

WhTs the difference between behavioural economics and neuro marketing

🌜🖤🌛

yh but a and b arent the same colour 😂

is that thing really called a pimple packet haha TIL :p

You can’t really overdose on paracetamol. Opioids yes. But not really paracetamol.

You look asian but speak english fluently , I guess this topic is not yet on high school curriculum in the Philippines