ASMR Fun Behavioural Economics Examples (Soft Spoken) Educational Episode 3

Hello my little students :) This is an ASMR where I talk about the filed of Behavioural Economics & examples of how we behave economically irrational, (cognitive biases). Behavioural economics is the study of psychology and micro-economics, it is used in marketing and business strategies, but can be applied anywhere in our daily lives. In this video I will be going through: The Sunk Cost Fallacy Why theme parks suck (I don't know the fancy word for this fallacy) The problem of having too many options -Loss aversion -The price of free Sources: Predictably Irrational by Dan Ariely https://www.amazon.com/Predictably-Ir... NPRPlanet Money Podcast - Episode 803: Nudge, Nudge, Nobel https://www.npr.org/transcripts/56142... Really interesting podcast, where an economist gives dating advice (mentioned in the video) https://www.npr.org/transcripts/51798... These links of the podcasts also include the transcript, if you want to read instead of listening. Follow me on Twitter and Instagram to keep up with me, updates and to chat!   / moha_asmr     / moha_asmr