Expected Utility vs Prospect Theory

Course video 5 of 15

Welcome to the course! In this first week, we'll look at the classical economic model of consumer choice, which assumes that all of the decisions that we make are sensible, or “rational.” Once we have examined the underlying theory of how people should behave (especially around financial decisions), we will move on to examine how people do behave. We will focus in particular on situations in which we are most inclined to make decisions that appear to defy rational choice axioms.

Université Duke
4.4 (956 notes) | 37K étudiants inscrits

À propos de Coursera

Cours, Spécialisations et Diplômes en ligne enseignés par des enseignants du plus haut niveau provenant des meilleurs universités et établissements d'enseignement du monde.

Join a community of 40 million learners from around the world
Earn a skill-based course certificate to apply your knowledge
Gain confidence in your skills and further your career