Learn · Principles of Behavioral Economics
Lecture 34 of 60Week 7
Applications of Mental Accounting
Prof. Sujata Kar · IIT Roorkee
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- Principles of Behavioral Economics, IIT Roorkee (at NPTEL)
- Licence
- CC BY-NC-SA, as NPTEL states it. Non-commercial use only.
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- NPTEL states: "Distributed under Creative Commons Attribution-ShareAlike / CC BY - NC - SA", beside a BY-NC-SA badge.
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All the lectures
- Behavioral Economics - What & Why
- Behavioral Economics in Relation to other Sciences & Economics
- Evolution of Behavioral Economics
- The Neoclassical Tradition: An Introduction
- Methodology – Types of Empirical Studies
- Introduction to Motivation and Hierarchical Needs
- Achievement and Craftsmanship: Driving Forces in Economic Behavior
- Social Drivers of Economic Decisions
- The Standard Model in Neoclassical Economics
- Axioms and Assumptions of Neoclassical Model
- Utility
- Types of Utility
- Bounded Rationality & Heuristics
- Biases
- Heuristics and Framing Effects
- Menu Effects and Expectations Effects
- A Few Effects & Choice Architecture
- Nudges
- Fundamentals of Probability Theory
- Bayesian Updating and Confirmation Bias
- Prospects and Risk Attitude
- Risk Attitude & Axioms of EUT
- Other Axioms & Violations of EUT
- Anomalies of EUT & Prospect Theory
- Prospect Theory – Evaluation
- The Prospect Theory Value Function
- The Weighting Function
- Cumulative Prospect Theory - I
- Cumulative Prospect Theory - II
- Criticism of Prospect Theory
- Mental Accounting – Introduction
- Hedonic Editing Hypothesis
- Hedonic Framing, Acquisition Utility, and Transaction Utility
- Applications of Mental Accounting
- Payment Decoupling & Budgeting
- Behavioral & Classical Life-Cycle Theories
- Budgeting & Choice Bracketing
- Choice Bracketing & Dynamic Mental Accounting
- Policy Implications of Mental Accounting - I
- Policy Implications of Mental Accounting - II
- Intertemporal Choice Models
- Optimal Consumption in the Two-Period Model
- Projection Bias
- Discounted Utility Model
- Features of the Discounted Utility Model
- Anomalies in the Discounted Utility Model
- Anomalies of DUM & Time-Inconsistent Behavior
- Naïve Hyperbolic Discounting
- Naïve Quasi-Hyperbolic Discounting
- Some Special Discounting Cases
- Introduction to Strategic Interactions
- Analytical Game Theory
- Sequential Game & Types of Games
- Problems with Classical Game Theory - I
- Problems with Classical Game Theory - II
- Problems with Classical Game Theory - III
- Introduction to Behavioral Games
- Ultimatum & Dictator Games
- Ultimatum & Public Goods Games
- Trust Games