Hedonic Editing: An Application of Prospect Theory 

Literally explained mental accounting perfectly in 10 minutes while my professor just mumbled for an hour and made me sleepy.

I am pretty sure watching your video is definitely one of the 'gains' and increase my value of utility today of understanding behavioural economics. Thank you for your awesome explanation with examples.

You are such a great teacher. Thank you for uploading videos. You really have made my life easier. I am two days before final exam.

you are A VERY GOOD teacher Ashley.thanks for the hard work.

You helped me model a breakthrough in my head for a new framework for my community. Than ks again!

Firstly, thank you for these videos, very helpful and clear explanations I was wondering how this application would change if the absolute “value” of the loss is greater than the absolute value of the gains. Example: I made 50$, and 50$ again, but then had a loss of 150$. Given the loss is greater than the 2 gains, how does utility factor change?

Fantastic. Great examples and so well explained. Thank you.

Thank you very much. I was very confused about the connection of hedonic editing to prospect theory's value function ! Your explanations are really illuminating.

You saved my project!! Thank you so much!

Love the video! Thanks for the wonderful explanation

So good teaching

thanks a lot for this video!

I love how you see profit and losses in a manner that reduce the negative utility. I personnaly had some issue trading on the financial markets because losses affect very negatively my mind even if a have some gains too. It can be a game changer for me. Ty very much

Lovely explanation!

Great work

Interesting !!!

Thanks for the example

Thank you so much!

you are soooo goood thanks

Happiness is being in a place which you like and are able to stay with. It is a delusion, it is a function of the way you frame your life.