Behavioral Economics The Certainty Effect

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>> YOUR LINK HERE: ___ http://youtube.com/watch?v=BylZG7wzyDc

This video gives a motivating example to illustrate the certainty effect in prospect theory and explains why such behavior is not consistent with economic rationality. As told to my students at Northeastern University. • For more information and a complete listing of videos and online articles by topic or textbook chapter, see http://www.economistsdoitwithmodels.c... • For t-shirts and other EDIWM items, see http://www.economistsdoitwithmodels.c... • By Jodi Beggs - Economists Do It With Models • http://www.economistsdoitwithmodels.com • Facebook:   / economistsdoitwithmodels   • Twitter:   / jodiecongirl   • Tumblr:   / economistsdoitwithmodels  

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