Behavioural Economics

Here are some interesting clips with colourful descriptions of the implications of behavioural biases on economic decision-making. How can mistaken expectations, whether we are in control of our own decisions and what increases our propensity to cheat affect the type of economic development policy decisions we have been studying in DV409? Dan Gilbert and Dan Ariely discuss how behavioural biases affect our reactions to terrorism, health care, important financial decisions, and whom to go out to a bar with if you are looking for a date.

Kahneman on the other hand suggests that last impressions are as important as first impressions. How could this affect the way we design policies? Or how firms build reputations? Or how politicians get re-elected?