Thank you. I would disagree that Behavioral Economics and Behavioral Science are the same. The former is more about customer behavior and big data, the later is Psychology, Social and Cultural Anthropology, and Decision Science. Behavioural Economics is a narrower study.
I don't see how seeing tile B as darker is an example of irrationality. Believing that it is not after seeing the evidence, might be.... but not seeing it as darker.
Great video! Thanks. I am a stock trader and I use 80% psychology to execute my trades. Please, I have 3 questions; 1. I would love to know if a degree in behavioural economics will help me improve on my trading style 2. How math heavy is the course? 3. Will a 6momths program be good enough considering my career path? Thanks
One way you can use behavioral science in your day to day life is like- let's say you are addicted to social media. Find a way to make it boring. By watching all the reels and reading all the captions entirely. Or let's say you are struggling to workout, stack in on top of an already existing hobby or routine. There are many ways if you put your mind and creativity to it.
applied psychology is something you do. you take psychology results and apply them. but psychology itself is itself. applied psychology is just an inference that a psych experiment can be applied to a circumstance in a style to get results. take for example the fraudster who looked into whether having people sign honesty pledges at the top of a page were more honest, and found they were. applied psychology would be to take the result, if it had been credible, and put it into a circumstance where honesty matters, and see if it holds up. applied psyc is by extension an attempt at getting scientific reproducability and repeatability latterally by allowing practical application of the science to feed back and expose frauds. behavioral science is a bit of a misnomer because it isnt a science. behavioral sciences observe behaviors with relation to an anchor like economics, but dont need a hypothesis. take for example the optical illusion, the optical illusion in a science experiment would be like 'i predict there will be no confusion between feild 1 and 2'. in behavioral 'science' the scientific method is droped, and you focus instead on scenarios and results. with psychology and sociology there is a problem with reproducability, and this is solved in behavioral science by not allowing the experimenter to say that a hypothesis was affirmed or rejected. in behavioral science, you are able to control subject experiance, and this is also completely different from having a floating 'independent variable'. you can ask people about optical illusions and get at heuristics, but when dealing with societal scale scopes and you ask 'do news papers change people's opinions' (of course inverted for a null hypothesis) the capacity to measure and make a determinent claim is unknown. that is in non behavioral science the self reporting of the scientist means that the results are sketchy, and it is more sketchy the lower the connection between the hypothesis and the experimental method. whether new papers change people's opinions could be sold to news papers to get government funding, or to the general public via a tabloid, or potentially to another group if news papers dont do anything. you meanwhile can conduct behavioral tests, and have very firm pass and fail criteria, which give higher rates of causality. this comes from centering the cause and effects in very small locus of time and space. the optical illusion can be tested within secconds, so the behavior can be observed. in psych, applied psych, and sociology, you need to have much larger contexts and experiment durations. and you need multiple patients in your sample population. having a large number of single pop experiments, tend to have better causality than large pop experiments as you cant cut off outliers, and if your experiment is insulting that blow back is immediate.
Incorrect examples. In the tiger examples both the friends will be quick to evaluate the options and run for life. No one is so naive to open a spreadsheet when a tiger attacks
Amazing how this had NOTHING to do with Behavioral Economics. Just because you say BE and BS are interchangeable, doesn't make it so. In fact that's B.S.
Behaviorally, the course starts at 4:08 :)
Thanks 👍🏾
Great presentation!
Nicely explained! Thx
I enjoyed, thanks for this presentation.
Thanks for the crash course.
Thank you. I would disagree that Behavioral Economics and Behavioral Science are the same. The former is more about customer behavior and big data, the later is Psychology, Social and Cultural Anthropology, and Decision Science. Behavioural Economics is a narrower study.
Really enjoyed the presentation.
Thank you, we are glad you enjoyed it!
I don't see how seeing tile B as darker is an example of irrationality. Believing that it is not after seeing the evidence, might be.... but not seeing it as darker.
The person who designes the paper on which you dont cross the box rules. 19:00
How can be applied in a social marketing case?
Great presentation. Any link to an online course (with certification) on the subject of behavioral economics?
Iversity
Free online course on “Store Design, Visual Merchandising and Shopper Marketing”
@@MustafaAlNuaimi Thank you so much sir.
Great video! Thanks.
I am a stock trader and I use 80% psychology to execute my trades.
Please, I have 3 questions;
1. I would love to know if a degree in behavioural economics will help me improve on my trading style
2. How math heavy is the course?
3. Will a 6momths program be good enough considering my career path?
Thanks
Yes marketing is applied psychology- the lady who asked this question @15:00
One way you can use behavioral science in your day to day life is like- let's say you are addicted to social media. Find a way to make it boring. By watching all the reels and reading all the captions entirely. Or let's say you are struggling to workout, stack in on top of an already existing hobby or routine. There are many ways if you put your mind and creativity to it.
Maybe if you were able to manipulate the behavour of government instead of the governed your work might contain merit?
applied psychology is something you do. you take psychology results and apply them. but psychology itself is itself. applied psychology is just an inference that a psych experiment can be applied to a circumstance in a style to get results. take for example the fraudster who looked into whether having people sign honesty pledges at the top of a page were more honest, and found they were. applied psychology would be to take the result, if it had been credible, and put it into a circumstance where honesty matters, and see if it holds up. applied psyc is by extension an attempt at getting scientific reproducability and repeatability latterally by allowing practical application of the science to feed back and expose frauds.
behavioral science is a bit of a misnomer because it isnt a science. behavioral sciences observe behaviors with relation to an anchor like economics, but dont need a hypothesis. take for example the optical illusion, the optical illusion in a science experiment would be like 'i predict there will be no confusion between feild 1 and 2'. in behavioral 'science' the scientific method is droped, and you focus instead on scenarios and results.
with psychology and sociology there is a problem with reproducability, and this is solved in behavioral science by not allowing the experimenter to say that a hypothesis was affirmed or rejected. in behavioral science, you are able to control subject experiance, and this is also completely different from having a floating 'independent variable'. you can ask people about optical illusions and get at heuristics, but when dealing with societal scale scopes and you ask 'do news papers change people's opinions' (of course inverted for a null hypothesis) the capacity to measure and make a determinent claim is unknown. that is in non behavioral science the self reporting of the scientist means that the results are sketchy, and it is more sketchy the lower the connection between the hypothesis and the experimental method. whether new papers change people's opinions could be sold to news papers to get government funding, or to the general public via a tabloid, or potentially to another group if news papers dont do anything.
you meanwhile can conduct behavioral tests, and have very firm pass and fail criteria, which give higher rates of causality. this comes from centering the cause and effects in very small locus of time and space. the optical illusion can be tested within secconds, so the behavior can be observed. in psych, applied psych, and sociology, you need to have much larger contexts and experiment durations. and you need multiple patients in your sample population. having a large number of single pop experiments, tend to have better causality than large pop experiments as you cant cut off outliers, and if your experiment is insulting that blow back is immediate.
this is more applied psych than behaviorism.
Incorrect examples. In the tiger examples both the friends will be quick to evaluate the options and run for life. No one is so naive to open a spreadsheet when a tiger attacks
Amazing how this had NOTHING to do with Behavioral Economics. Just because you say BE and BS are interchangeable, doesn't make it so. In fact that's B.S.
What is the difference? Please let us know