MIT 14.13 Psychology and Economics, Spring 2020
Instructor: Prof. Frank Schilbach
View the complete course: https://ocw.mit.edu/14-13S20
YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP63Z979ri_UXXk_1zrvrF77Q
In this first video, Prof. Frank Schilbach introduces the topic of Psychology and Economics, a field that studies the influences of psychological and economic factors on behaviors.
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MIT 14.13 Psychology and Economics, Spring 2020
Instructor: Prof. Frank Schilbach
View the complete course: https://ocw.mit.edu/14-13S20
YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP63Z979ri_UXXk_1zrvrF77Q
In the second lecture of the course, Prof. Schilbach continues his overview by talking about how economists think about human behavior, utility functions, and social preferences.
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MIT 14.13 Psychology and Economics, Spring 2020
Instructor: Prof. Frank Schilbach
View the complete course: https://ocw.mit.edu/14-13S20
YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP63Z979ri_UXXk_1zrvrF77Q
In lecture 3, Prof. Schilbach explains the time preference theory, including exponential discounting, quasi-hyperbolic discounting, and sophistication vs. naivete.
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MIT 14.13 Psychology and Economics, Spring 2020
Instructor: Prof. Frank Schilbach
View the complete course: https://ocw.mit.edu/14-13S20
YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP63Z979ri_UXXk_1zrvrF77Q
In lecture 4, Prof. Schilbach continues to explain the time preference theory, including exponential discounting, quasi-hyperbolic discounting, and sophistication vs. naivete.
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MIT 14.13 Psychology and Economics, Spring 2020
Instructor: Prof. Frank Schilbach
View the complete course: https://ocw.mit.edu/14-13S20
YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP63Z979ri_UXXk_1zrvrF77Q
In this lecture, Prof. Schilbach discusses the ways that quasi-hyperbolic discounting has many real-world applications for work, exercising, credit cards, drinking, and smoking, among others.
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MIT 14.13 Psychology and Economics, Spring 2020
Instructor: Prof. Frank Schilbach
View the complete course: https://ocw.mit.edu/14-13S20
YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP63Z979ri_UXXk_1zrvrF77Q
Prof. Schilbach discusses empirical questions related to hyperbolic or quasi-hyperbolic discounting.
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MIT 14.13 Psychology and Economics, Spring 2020
Instructor: Prof. Frank Schilbach
View the complete course: https://ocw.mit.edu/14-13S20
YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP63Z979ri_UXXk_1zrvrF77Q
In this video, Prof. Schilbach describes how economics looks at risk preferences, that is, choices involving risk. Specifically, he covers the topics of risk aversion, expected utility, absurd implications, and small vs. large-scale risk aversion.
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MIT 14.13 Psychology and Economics, Spring 2020
Instructor: Prof. Frank Schilbach
View the complete course: https://ocw.mit.edu/14-13S20
YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP63Z979ri_UXXk_1zrvrF77Q
This lecture continues the discussion of risk preferences, and delves into reference-dependent preferences, an alternative model to expected utility.
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MIT 14.13 Psychology and Economics, Spring 2020
Instructor: Prof. Frank Schilbach
View the complete course: https://ocw.mit.edu/14-13S20
YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP63Z979ri_UXXk_1zrvrF77Q
In this video, Prof. Schilbach explains reference-dependent preferences, a central principle in prospect theory, that is, a person evaluates outcomes and expresses preferences relative to an existing reference point.
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MIT 14.13 Psychology and Economics, Spring 2020
Instructor: Prof. Frank Schilbach
View the complete course: https://ocw.mit.edu/14-13S20
YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP63Z979ri_UXXk_1zrvrF77Q
Students participate in simple in-class experiments and games to learn about the concept of social preferences.
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MIT 14.13 Psychology and Economics, Spring 2020
Instructor: Prof. Frank Schilbach
View the complete course: https://ocw.mit.edu/14-13S20
YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP63Z979ri_UXXk_1zrvrF77Q
Prof. Schilbach explains what social preferences are and how they are measured. The class discusses if people are genuinely nice to each other if social preferences are malleable, and if policies can change pro-sociality.
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MIT 14.13 Psychology and Economics, Spring 2020
Instructor: Prof. Frank Schilbach
View the complete course: https://ocw.mit.edu/14-13S20
YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP63Z979ri_UXXk_1zrvrF77Q
This lecture continues the discussion of social preferences by taking a deeper dive into games like the Dictator game, among others.
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MIT 14.13 Psychology and Economics, Spring 2020
Instructor: Prof. Frank Schilbach
View the complete course: https://ocw.mit.edu/14-13S20
YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP63Z979ri_UXXk_1zrvrF77Q
This lecture covers field evidence of social preferences, including social preferences in the workplace, policies to increase pro-sociality, and the benefits of pro-sociality.
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MIT 14.13 Psychology and Economics, Spring 2020
Instructor: Prof. Frank Schilbach
View the complete course: https://ocw.mit.edu/14-13S20
YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP63Z979ri_UXXk_1zrvrF77Q
In this video, Prof. Schilbach provides a review for the mid-term exam. He covers both the types of questions students will encounter, as well as, what content they need to know.
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MIT 14.13 Psychology and Economics, Spring 2020
Instructor: Prof. Frank Schilbach
View the complete course: https://ocw.mit.edu/14-13S20
YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP63Z979ri_UXXk_1zrvrF77Q
In this lecture, the instructor introduces the concept of limited attention, that is, humans will make decisions based on the limited knowledge they can gather.
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MIT 14.13 Psychology and Economics, Spring 2020
Instructor: Prof. Frank Schilbach
View the complete course: https://ocw.mit.edu/14-13S20
YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP63Z979ri_UXXk_1zrvrF77Q
In this video, the professor discusses why people miss information and fail to learn. People derive utility from (wrong) beliefs. Specifically the instructor explains anticipatory utility and ego utility.
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MIT 14.13 Psychology and Economics, Spring 2020
Instructor: Prof. Frank Schilbach
View the complete course: https://ocw.mit.edu/14-13S20
YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP63Z979ri_UXXk_1zrvrF77Q
In this video, the professor continues the discussion of why people miss information and fail to learn. People derive utility from (wrong) beliefs. Specifically the instructor covers anticipatory utility and ego utility.
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MIT 14.13 Psychology and Economics, Spring 2020
Instructor: Prof. Frank Schilbach
View the complete course: https://ocw.mit.edu/14-13S20
YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP63Z979ri_UXXk_1zrvrF77Q
In this lecture, Prof. Schilbach discusses preference changes, where people’s preferences, sometimes unpredictably, change over time. He also covers projection bias, which is when someone is unable to predict their own preferences.
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MIT 14.13 Psychology and Economics, Spring 2020
Instructor: Prof. Frank Schilbach
View the complete course: https://ocw.mit.edu/14-13S20
YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP63Z979ri_UXXk_1zrvrF77Q
In this video, Prof. Schilbach explains the concepts of gender and identity in relation to economics. Topics include the gender gap, technological solutions, beliefs, and gender identity norms.
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MIT 14.13 Psychology and Economics, Spring 2020
Instructor: Prof. Frank Schilbach
View the complete course: https://ocw.mit.edu/14-13S20
YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP63Z979ri_UXXk_1zrvrF77Q
In the first half of this video, Prof. Schilbach continues the discussion on gender from lecture 18. He then transitions to talk about non-standard decision-making, specifically defaults, nudges, and frames.
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MIT 14.13 Psychology and Economics, Spring 2020
Instructor: Prof. Frank Schilbach
View the complete course: https://ocw.mit.edu/14-13S20
YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP63Z979ri_UXXk_1zrvrF77Q
In this video, Prof. Schilbach finishes the topic of defaults from lecture 19. He then continues to talk about malleability and inaccessibility of preferences.
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MIT 14.13 Psychology and Economics, Spring 2020
Instructor: Prof. Frank Schilbach
View the complete course: https://ocw.mit.edu/14-13S20
YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP63Z979ri_UXXk_1zrvrF77Q
This video provides a broad overview of the psychology of poverty. Topics covered include scarcity and the way poverty creates many other deprivations.
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MIT 14.13 Psychology and Economics, Spring 2020
Instructor: Prof. Frank Schilbach
View the complete course: https://ocw.mit.edu/14-13S20
YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP63Z979ri_UXXk_1zrvrF77Q
In this lecture, the instructor talks about happiness and subjective wellbeing. Topics include rationality and revealed preferences, utility, happiness, and mental health.
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MIT 14.13 Psychology and Economics, Spring 2020
Instructor: Prof. Frank Schilbach
View the complete course: https://ocw.mit.edu/14-13S20
YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP63Z979ri_UXXk_1zrvrF77Q
In this lecture, Prof. Schilbach talks about paternalism, using the specific example of libertarian paternalism. Additionally, the class also discusses whether to rely on market solutions.
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Lecture 6: Vision 2 Instructor: John Gabrieli View the complete course: http://ocw.mit.edu/9-00SCS11 License: Creative Commons BY-NC-SA
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