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Behavioral Economcs
- Politics, Law & Business
- Narrated by: Ellouise Rothwell
- Length: 7 mins
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Behavioral Economcs
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Editorial reviews
Behavioral economics is a recent concept in the business world that looks at how non-rational aspects of the human condition influence an individual's economic decisions. In behavioral economics, social and emotional factors play an integral role, and its combination of psychology, sociology, and economic theory makes it a useful asset for businesses and politicians. iMinds gives a quick yet thorough outline of the basic principles of behavioral economics, and Elouise Rothwell turns a potentially dry subject into a compelling thesis, using insistent and confident intonation to build a strong argument for its importance.
Publisher's summary
Learn about Behavioral Economics with iMinds insightful audio knowledge series.According to most economics textbooks, human beings are super-rational creatures who know what is in their own best interests and always act accordingly. When making a decision to buy something, the rational consumer will evaluate all the possible alternatives before making a purchase, having already conducted research on the state of the market. They would not buy something on the spur of the moment, or on the recommendation of a friend. Nor would a rational consumer be unduly influenced by advertising or a brand name in making purchasing decisions. This explanation of human behavior is known as the rational agent model. Sound realistic?
While the rational agent model is useful for some economic analysis, such as when we examine the economy as a whole, it clearly does not correspond to how human beings behave in the real world. Traditional (or neoclassical) economics, which relies on this model, simply cannot explain why people sometimes make decisions that are not strictly in their own best interests.
Perfect to listen to while commuting, exercising, shopping or cleaning the house.. iMinds brings knowledge to your MP3 with 8 minute information segments to whet your mental appetite and broaden your mind.
iMinds offers 12 main categories; become a Generalist by increasing your knowledge of Business, Politics, People, History, Pop Culture, Mystery, Crime, Culture, Religion, Concepts, Science and Sport. Clean and concise, crisp and engaging, discover what you never knew you were missing.
iMinds is the knowledge solution for the information age cutting through the white noise to give you quick, accurate knowledge .. Perfect your dinner party conversation, impress your boss - an excellent way to discover topics of interest for the future.
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What listeners say about Behavioral Economcs
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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Overall5 out of 5 stars
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Performance5 out of 5 stars
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Story5 out of 5 stars
- Blue777
- 01-24-21
Nice summary of behavioural economics
Nice summary of behavioural economics.I never realized that a lot of the classical economic are based on people being rational which is obviously a incorrect assumption.
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Overall3 out of 5 stars
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Performance2 out of 5 stars
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Story4 out of 5 stars
- J2 Parker
- 04-25-22
Interesting
But please get rid of the disruptive music playing in the background. Ok? Ok!
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Overall5 out of 5 stars
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Performance5 out of 5 stars
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Story5 out of 5 stars
- Sinan
- 06-06-21
why background music?
other than super annoying music very good content and performance. please stop using background music.
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Overall3 out of 5 stars
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Performance2 out of 5 stars
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Story4 out of 5 stars
- Rabihdxb
- 01-01-22
Background music
The background music is very disturbing and useless. And it’s volume is way too high
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Overall5 out of 5 stars
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Performance5 out of 5 stars
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Story3 out of 5 stars
- Cande2006
- 12-05-20
Cima studies
It was quite short, but the info was good. I’m studying and looking for other material to make sense of the behavioral finance tendencies.
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Overall4 out of 5 stars
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Performance4 out of 5 stars
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Story4 out of 5 stars
- Sara S.
- 10-18-23
Short but interesting
Informative but too short. Might be good as a starting point for someone with minimal to no knowledge on the subject.
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Overall1 out of 5 stars
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Performance1 out of 5 stars
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Story3 out of 5 stars
- william
- 05-02-16
At $0.69 I paid way too much.
Sounds like this was recorded in 1953 in a basement somewhere in Boise. This is seven minutes of my life I will never get back. I have no idea of the reliability of the information herein. The moment the recording started my focus on the material was gone. I wonder what behavioral economics might say about the ease I have written off, this albeit small, investment.
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1 person found this helpful
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Overall1 out of 5 stars
- C. A.
- 05-31-11
Don't waste your credits
If you read the summary you have read half the book. I didn’t realize it was only 7 minutes long. A total rip off.
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1 person found this helpful