Behavioral Economics is the BEST Field of Economics
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- Опубликовано: 2 июл 2024
- Behavioral economics shows us the quirks of our decisions. It also shows how a marathon is like buying a car. #economics
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Papers Cited:
Heuristic Thinking and Limited Attention in the Car Market, American Economic Review (2012) 102(5), 2206-2236 | Nicola Lacetera, Devin G. Pope, and Justin R. Sydnor
Reference-Dependent Preferences: Evidence from Marathon Runners, Management Science (2017) 63(6), 1657-1672 | Eric J. Allen, Patricia M. Dechow, Devin G. Pope, and George Wu
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Just watched your Development Economics video. You're channel is very underrated! You have lots of good information for economics majors like myself and your videos are in depth yet simple enough that anybody can follow along and learn something.
What a compliment! Thank you.
This guy’s amazing bruh ur channel better BLOW UP AND GET ALL THE RECOGNITIONS
The videos are getting better and better
This was a brilliant video! More people need to see these videos!!
Great video man! Can you do one on environmental economics?
Absolutely amazing content! Thank you for this great video
This is really interesting!! I might consider doing this course
Your videos are awesome man
this was great!
Can you please put out the videos on finding data and publishing research thank you love your content
Very useful information...
Love the hoodie. Where can I get one? 😊
I'm always interested to know the effects of different measurement systems and standards. You mention this with the arbitrary number for marathons, but the length of miles and kilometers are also arbitrary. What would the world look like if we used a measuring system based off of the length of a marathon with all other increments based off that? Would houses be larger or smaller? What would the world look like if everyone learned to graph in polar coordinates before normal cartesian coordinates? Would there be more circular buildings?
Financial economics videos please👍👍
What state are you in? Those mountains are beautiful!
Here's me, preparing myself to form a legrangian for utility maximization after setting up a that utility production function.
Where can we get your econ nerds hoodie or t shirt? Love it 😊
I won it last year from Marginal Revolution University. I don't think they sell them though :(
So that's why everything costs $x.99 instead of $y.00!
Where y = x +1
Yes! I should have included that in the video.
@@megaohms why is y = x+1?
Colorado?
If we can quantify `human competitiveness`, it can explain runners need to beat certain threshold like 3 hours, 3.5 hours, 4 hours.
Can we form an algorithm of human competitiveness. ?
Perhaps when we have mapped human brain with neuroscientific advancements, we can.
What are your views on financial economics and Monetary policy ?
Not much on financial economics, but for monetary policy I'm very mainstream. I'm planning an MMT video for the near future though.
@@MarketPowerYT thanks man! Looking forward to it
Hey! Dope Hoodie!!!
I think so too!
Hey Craig, I am a sophomore econ-finance major who wants to get a PhD at a top-20 school after undergrad. Currently GPA is a bit above 3.7 at a mid level state school. What types of internships and research opportunities should I look for and when should I get them? Thanks!
Here's some of my advice on applying for grad schools: ruclips.net/video/XXlBPsaQa1Q/видео.html
Summary: don't worry about internships, just find a professor who you can work with on research; build up your math skills; make sure professors can say something about you when they write letters.
@@MarketPowerYT Thank you for the quick reply! Okay great, that takes the stress off finding an economics related internship.
I am planning to do my master's in behavioral Econ. can you please suggest good schools for that it would be really helpful.
"behavioral economics explains this better than classical economics". Behavioral doesn't explain in at all, it just documents the phenomenon. That's why behavioral economics is looked down on so often. It's less about a grand theory and more about a bag of "got ya!"s for classical economics.
I thought development economics was the best :'v