CRITICAL THINKING - Cognitive Biases: Reference Dependence and Loss Aversion [HD]
- Title:
- CRITICAL THINKING - Cognitive Biases: Reference Dependence and Loss Aversion [HD]
- Description:
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Laurie Santos, a psychologist at Yale University, explains two of our classic economic biases: reference dependence and loss aversion. Using a classic scenario from Kahneman and Tversky’s studies, she explores how these two biases violate economic rationality and how they affect the choices we make every day.
- Video Language:
- English
- Duration:
- 05:58