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Behavioral Economics

When Psychology and Economics Collide

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Behavioral Economics

By: Scott Huettel, The Great Courses
Narrated by: Scott Huettel
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About this listen

Behavioral economics is the study of decision making, and of the related themes of valuation, exchange, and interpersonal interactions. Using methods from psychology, sociology, neurology, and economics, behavioral economics sheds light one of the most fundamental activities of human life:the decision process. In 24 insightful lectures, you'll learn how behavioral economists look at decision making and explore a set of key principles that offer deep insight into how we evaluate information and integrate different factors to make decisions. Most important, using real-life illustrations and case studies, each lecture offers practical tools, so that you can understand the patterns of decision making, the purposes they serve, and how to use your knowledge to make better and more satisfying decisions.

In grasping the underlying factors in decision making, you'll explore key topics such as decisions regarding probability, time-related decisions, managing risk, high-stakes medical decisions, and group decision making. Professor Huettel illustrates each concept with meaningful examples, analogies, and case studies, relating the material directly to the decisions all of us make as a central part of living. This unique course gives you essential knowledge and insights for one of life's most important skills.

PLEASE NOTE: When you purchase this title, the accompanying reference material will be available in your Library section along with the audio.

©2014 The Great Courses (P)2014 The Teaching Company, LLC
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What listeners say about Behavioral Economics

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decent but not great

Didn't find the narration that engaging and the content is geenrally interesting but I didn't feel hugely insightful.

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Great entry in the behavioral economics world

Absolutely impressed by the quality of the lectures. Definitely listen with your notebook close, as there are informations you will want to want to remain with forever. Loved the references to the studies made.

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Fantastic Overview

Fantastic overview of behavioural economics that captures essence of how human decision making is being deciphered, how good decisions can be made and how those with the knowledge of these principles do manipulate our decisions on a daily basis as we consume services and products.

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Covers some very interesting topics.

Any additional comments?

I think it is fair to say that every lecture in the series contained some interesting elements, though the last few were by far the most interesting in my opinion.
I learned a lot and the course has left me with a lot to think about.

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4 people found this helpful

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Good introduction to behavioural economics

A good introduction, easy to understand and follow and relatable with plenty of real life examples

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A bit of a Trudge

If you have never studied Behavioural Economics or read Daniel Kahneman's brilliant "Thinking Fast and Slow", go there first. This is a series of recorded academic lectures on the subject and it feels like it. The lectures are pretty good but as a lecturer myself, I wouldn't package mine up as an audio book, because the medium needs more life and narrative flow to hold the attention. This book is worth it if you are into academic lectures, but if you want the good stuff, go to the sources who won the Nobel Prizes - they are all surprisingly accessible and brilliant.

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Informative

Excellent lectures, all of which open up conversations and questions. Delivered clearly in a way that helps you think about perspectives, leading to a list of other lectures to follow up and books to read.

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Good but could have been better

Very interesting but a bit monotonous tone of voice, particularly because of the length of the reading that makes it heavy to assimilate after some time of listening. Otherwise very good and educational.

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Eye opening

Performance and content was clear to follow. An excellent intro to behavioural economics and to how people think in general. Certai nly aids decision making in the future

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Excellent course on the topic!

Clearly explained the topic with no excesses or deviations. A great basis to start with and also to put behavioral economics concepts into context. Highly recommend!

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