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Behavioral Economics and the Psychology of Decision Making Paper

Aug 31, 2021 | BUSINESS FINANCE | 0 comments

Aug 31, 2021 | BUSINESS FINANCE | 0 comments

Behavioral Economics and the Psychology of Decision Making Paper

Behavioral Economics and the Psychology of Decision Making Paper

Kahnemann won the Nobel Price in Economics for his studies to show systematic mistakes we make in the decision making process. He examines the “˜glitches’ in our thinking and challenges human rationality. In this video we delve into the psychology of judgment”¦
Summarize four main points (topics) that are presented in this video, and comment and critically analyze them (that means evaluate the reasons for certain beliefs or actions).
Share a personal experience with respect to “˜the psychology of decision making’, and/ or an irrational decision(s) that you have made, (or are making)?
Discover an irrational decision (in your opinion, this can be a normative judgement!) within a company’s strategic decision making, or within decisions a certain industry is making (this can also relate to public policy or regulations that impact a certain industry or firm). Research and share specific data and case study for this.
Video The Battle in your Mind
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