Behavioral Economics

When Psychology and Economics Collide

By: Scott Huettel, The Great Courses

Narrated by: Scott Huettel

Behavioral economics is the study of decision making, and of the related themes of valuation, exchange, and interpersonal interactions. Using methods from psychology, sociology, neurology, and economics, behavioral economics sheds light one of the most fundamental activities of human life:the decision process. In 24 insightful lectures, you'll learn how behavioral economists look at decision making and explore a set of key principles that offer deep insight into how we evaluate information and integrate different factors to make decisions. Most important, using real-life illustrations and case studies, each lecture offers practical tools, so that you can understand the patterns of decision making, the purposes they serve, and how to use your knowledge to make better and more satisfying decisions.

In grasping the underlying factors in decision making, you'll explore key topics such as decisions regarding probability, time-related decisions, managing risk, high-stakes medical decisions, and group decision making. Professor Huettel illustrates each concept with meaningful examples, analogies, and case studies, relating the material directly to the decisions all of us make as a central part of living. This unique course gives you essential knowledge and insights for one of life's most important skills.

PLEASE NOTE: When you purchase this title, the accompanying reference material will be available in your Library section along with the audio.

©2014 The Great Courses (P)2014 The Teaching Company, LLC

Very interesting

The lecturer was easy to listen to and follow. I learned a lot, yet it was a very relate-able topic.

Fantastic

Absolutely fantastic course to not only better understand my own decision making and at times in hindsit irrational decisions but also why we as groups of individuals and a society make decisions and how we form those

Easy listen great information.

Enjoyed . An easy way to keep up without going back to school. Makes decisions made by others more understandable and relatable.

Enlightening School of Thought

Ideas shared in this course are enlightening and very powerful. They indeed make one see the world very differently.

Money and Psychology Mash up

Excellent. Among the most interesting and helpful things I’ve ever listened to. Lecture format is engaging.