Prospect Theory Explained 📊
A brief overview of Prospect Theory, a key concept in Behavioral Economics, covering its three main components.
Ashley Hodgson
81.4K views • May 5, 2020
About this video
This video explains Prospect Theory, one of the foundational contributions of Behavioral Economics. I go over three important parts to Prospect Theory: (1) Loss aversion, (2) Reference point origin and (3) risk-seeking behavior in the negative realm / risk-averse behavior in the positive realm.
0:26 - Three Features
1:48 - Loss Aversion
5:57 - Reference point / Expectations
9:25 -
0:26 - Three Features
1:48 - Loss Aversion
5:57 - Reference point / Expectations
9:25 -
Video Information
Views
81.4K
Likes
2.2K
Duration
13:14
Published
May 5, 2020
User Reviews
4.7
(16) Related Trending Topics
LIVE TRENDSRelated trending topics. Click any trend to explore more videos.