4:16
What is Behavioral Economics?
What Is Behavioral Economics, and Where Are the Free Lunches?...
published: 12 Mar 2009
author: FuquaSchOfBusiness
What is Behavioral Economics?
What is Behavioral Economics?
What Is Behavioral Economics, and Where Are the Free Lunches?- published: 12 Mar 2009
- views: 67160
- author: FuquaSchOfBusiness
11:02
Behavioural Economics Part 1
Wendy Gordon gives an introduction to all the main principles of behavioural economics, an...
published: 02 Jun 2011
author: acaciaaveint
Behavioural Economics Part 1
Behavioural Economics Part 1
Wendy Gordon gives an introduction to all the main principles of behavioural economics, and explains why it is of fundamental importance to the practice of q...- published: 02 Jun 2011
- views: 13840
- author: acaciaaveint
20:30
Matt Dobbin: Behavioural Economics
Matt Dobbin, Behavioural Economics experts gives an enthusiastic, passionate and entertain...
published: 03 Feb 2012
author: HotSourceNorwich
Matt Dobbin: Behavioural Economics
Matt Dobbin: Behavioural Economics
Matt Dobbin, Behavioural Economics experts gives an enthusiastic, passionate and entertaining overview of the subject.- published: 03 Feb 2012
- views: 1692
- author: HotSourceNorwich
78:04
11. Behavioral Finance and the Role of Psychology
Financial Markets (2011) (ECON 252) Deviating from an absolute belief in the principle of ...
published: 05 Apr 2012
author: YaleCourses
11. Behavioral Finance and the Role of Psychology
11. Behavioral Finance and the Role of Psychology
Financial Markets (2011) (ECON 252) Deviating from an absolute belief in the principle of rationality, Professor Shiller elaborates on human failings and foi...- published: 05 Apr 2012
- views: 16656
- author: YaleCourses
37:31
Dan Ariely and the Behavioral Economics of Debt
Dan Ariely, a world recognized behavioral economist and I had an opportunity recently to s...
published: 30 Jan 2013
author: Steve Rhode
Dan Ariely and the Behavioral Economics of Debt
Dan Ariely and the Behavioral Economics of Debt
Dan Ariely, a world recognized behavioral economist and I had an opportunity recently to sit down and talk about a number of issues and underlying unconsciou...- published: 30 Jan 2013
- views: 97
- author: Steve Rhode
4:44
Dan Ariely: What Is Behavioral Economics?
Duke professor Dan Ariely has little faith in human rationality....
published: 01 Jun 2011
author: Big Think
Dan Ariely: What Is Behavioral Economics?
Dan Ariely: What Is Behavioral Economics?
Duke professor Dan Ariely has little faith in human rationality.- published: 01 Jun 2011
- views: 10475
- author: Big Think
24:14
BBC HARDtalk - Richard Thaler - Behavioural economist (9/10/12)
Stop smoking, eat less, exercise more, pay your taxes on time. So many things governments ...
published: 12 Oct 2012
author: BBC HardTALK
BBC HARDtalk - Richard Thaler - Behavioural economist (9/10/12)
BBC HARDtalk - Richard Thaler - Behavioural economist (9/10/12)
Stop smoking, eat less, exercise more, pay your taxes on time. So many things governments want us to do; so hard to get us to do them. HARDtalk's Shaun Ley s...- published: 12 Oct 2012
- views: 4376
- author: BBC HardTALK
71:37
Panel 2: Behavioral Economics, Social Media, and Apps
Social Media and Behavioral Economics Conference Panel 2: Behavioral Economics, Social Med...
published: 15 Feb 2013
author: HarvardLawSchool
Panel 2: Behavioral Economics, Social Media, and Apps
Panel 2: Behavioral Economics, Social Media, and Apps
Social Media and Behavioral Economics Conference Panel 2: Behavioral Economics, Social Media, and Apps Moderator: David Laibson, Professor of Economics, Harv...- published: 15 Feb 2013
- views: 1505
- author: HarvardLawSchool
17:27
Dan Ariely asks, Are we in control of our decisions?
http://www.ted.com Behavioral economist Dan Ariely, the author of Predictably Irrational, ...
published: 19 May 2009
author: TEDtalksDirector
Dan Ariely asks, Are we in control of our decisions?
Dan Ariely asks, Are we in control of our decisions?
http://www.ted.com Behavioral economist Dan Ariely, the author of Predictably Irrational, uses classic visual illusions and his own counterintuitive (and som...- published: 19 May 2009
- views: 433261
- author: TEDtalksDirector
78:03
7. Behavioral Finance: The Role of Psychology
Financial Markets (ECON 252) Behavioral Finance is a relatively recent revolution in finan...
published: 29 Jan 2014
7. Behavioral Finance: The Role of Psychology
7. Behavioral Finance: The Role of Psychology
Financial Markets (ECON 252) Behavioral Finance is a relatively recent revolution in finance that applies insights from all of the social sciences to finance. 7. Behavioral Finance: The Role of Psychology daha fazlası için abone olmayı unutmayın. Subscribe me. Financial Markets (2011) (ECON 252) Deviating from an a. 7- Behavioral Finance The Role of Psychology. Behavioural Finance and Equity Investment Strategies - Dr Werner De Bondt daha fazlası için abone olmayı unutmayın. Subscribe me. Greg LaBlanc, Lecturer, Eco. The 2007-08 Financial Crisis: A Behavioral Finance Approach by Isabelle Bajeux-Besnainou.Jeremy Office, Principal at Maclendon Wealth Management discusses be. 7 Feb 2013 Hong Siew Ching Speaker Series Title of Event: Behavioral Finance Sypnosis: Political and economic events shake the world. Financial markets gyrat. Forex Brokers List The following is a comprehensive Forex brokers list. You can rest assured that the broker reviews listed below were conducted with the ut. Behavioral Finance, Socionomics and Investment Psychology (part 7) Dr. Frank Murtha is a managing director, consultant, and frequent speaker about investor psychology and behavioral finance. He has consulted for the New York. Behavioral Finance, Socionomics and Investment Psychology (part 4) Behavioural Finance and Equity Investment Strategies: Dr We. Finance and psychology have enjoyed a relationship for a long time. . Behavioral Finance, Socionomics and Investment Psychology (part 6) Behavioral Finance, Socionomics and Investment Psychology (part 1) market efficiency, psychology, Patterns, Limits to Arbitrage, predictability of stock returns, bubbles, behavioral investing, behavioral corporate finance, f. Behavioral Finance, Socionomics and Investment Psychology (part 3) CFA Level İ Behavioral Finance Perspective Part 1. Franklin Templeton Investments presents - Behavioral Finance for Everyday Investors: Herding. CFA level İ - Behavioral Finance Perspective (Curriculumn reading #7) Overview : Traditional v/s Behavioral Finance Risk aversion Challenges to traditional. The Buddhist Trader provides a foundation for a radically different view on trading psychology and behavioural finance. Among other things I am explaining th. Terrance Odean is the Willis H. Booth Professor of Banking and Finance at the Haas School of Business at the University of California, Berkeley. He earned a . Study non-profit management, urban and environmental policy, human resources, and international affairs at the Milano School, a part of The New School in New. Professor Shlomo Benartzi is a leading authority on behavioural finance with special interests in retirement planning, investor behaviour and behavioural wea. This is the first of about 20 videos of my lectures in Behavioural Finance at the University of Western Sydney (2 videos per lecture). This first lecture pre.- published: 29 Jan 2014
- views: 0
50:37
Conversations with History: Behavioral Economics
Conversations host Harry Kreisler welcomes Professor Richard H. Thaler for a discussion of...
published: 28 Jan 2011
Conversations with History: Behavioral Economics
Conversations with History: Behavioral Economics
Conversations host Harry Kreisler welcomes Professor Richard H. Thaler for a discussion of behavioral economics. Professor Thaler discusses theory in economi...- published: 28 Jan 2011
- views: 4448
- author: University of California Television (UCTV)
67:08
"Nudging" Policy: Behavioral Economics in the Public Square | Institute of Politics
Richard Thaler and Cass Sunstein, authors of Nudge: Improving Decisions About Health, Weal...
published: 08 Nov 2013
"Nudging" Policy: Behavioral Economics in the Public Square | Institute of Politics
"Nudging" Policy: Behavioral Economics in the Public Square | Institute of Politics
Richard Thaler and Cass Sunstein, authors of Nudge: Improving Decisions About Health, Wealth, and Happiness joined moderators Nava Ashra, Associate Professor at Harvard Business School and Max Bazerman, co-director of the Center for Public Leadership for a discussion on behavioral economics. The panelists discussed how minimal changes or "nudges" can influence human behavior. Sunstein and Thaler also touched on how governments can use nudges and the perceived problems with using behavioral methods for policy purposes.- published: 08 Nov 2013
- views: 376
26:55
Dan Ariely
Start spending! Duke University behavioural economist Dan Ariely on how governments are tr...
published: 21 Apr 2009
author: The Agenda with Steve Paikin
Dan Ariely
Dan Ariely
Start spending! Duke University behavioural economist Dan Ariely on how governments are trying to stimulate you to act.- published: 21 Apr 2009
- views: 12092
- author: The Agenda with Steve Paikin
59:31
Behavioral Economics and Health: NIH Adherence Network Seminar Series
Behavioral economic approaches merge the fields of economics and psychology and have been ...
published: 19 Jun 2013
author: NIHOD
Behavioral Economics and Health: NIH Adherence Network Seminar Series
Behavioral Economics and Health: NIH Adherence Network Seminar Series
Behavioral economic approaches merge the fields of economics and psychology and have been used to modify behavior across the spectrum. Dr. Volpp's work focus...- published: 19 Jun 2013
- views: 180
- author: NIHOD
Vimeo results:
4:24
What is Behavioral Economics?
A lesson from Dan's classroom at Duke...
published: 31 Mar 2013
author: Advanced Hindsight
What is Behavioral Economics?
A lesson from Dan's classroom at Duke
4:47
Behavioral Economics of Intrinisc Motivation
One of the most basic questions I hear from managers is: How can I do a better job of moti...
published: 15 Sep 2009
author: jeff monday
Behavioral Economics of Intrinisc Motivation
One of the most basic questions I hear from managers is: How can I do a better job of motivating my team? Should you use a bigger carrot or a sharper stick?
In Dan Pink's new book Drive and his latest TED talk he makes the distinction between extrinsic motivators like strict schedules and large bonuses and intrinsic motivators like autonomy, mastery, and purpose. He makes the case that employees performing jobs that require more than just basic cognition, are less productive when motivated by an extrinsic source than an intrinsic source. What I find most interesting about his talk are the behavioral economics behind this management style.
To understand the behavioral economics behind intrinsic motivation we must first understand that the call to move to intrinsic motivators is really a call to move the employee-employer interaction from a market relationship to a social relationship. Let's look at these two types of relationships as defined by Dan Ariely in his book "Predictably Irrational".
A market relationship is usually defined by the exchange of monetary currency for a product or service. In the employer-employee relationship this has been the structure for motivating people to work throughout the 19th and 20th century. The employee trades her or his time for compensation. When managers want their employees to preform better they either offer them more salary, more options, more benefits, or the thought has been they can motivate them to work harder with a stricter schedule, less benefits, or even threatening them with losing their job.
A social relationship is much different. It is defined as the exchange of an intangible for a product or service. In his book, "Predictably Irrational", Dan Ariely illustrates the difference between a market relationship and a social relationship with a great anecdotal story. Imagine you are at your in-laws house for thanksgiving. At the end of the fantastic meal you walk over to your mother-in-law and instead of giving her the customary social payment of a big hug and thank you, you pull out your wallet and ask her how much she wants for the meal. Here is where the behavioral economics get interesting. Even if you were to offer her $1000 for the meal, a meal that only cost her only a couple hundred dollars and a few hours of her time, she and everyone else at the table will be offended because they will feel you cheapened the day.
Why? Well behavioral economics show us that the intangibles like love, gratitude, trust, and community that we receive in a social exchange are difficult to put a value on, so difficult in fact, that we can't calculate them and value them as priceless. By offering the $1000 to your mother in law for the Thanksgiving dinner you are putting a cheap value on something that is priceless in her mind. This inequity is caused by trying to blend a social exchange with a market exchange and it is an important lesson for managers who are moving to a management style with greater intrinsic motivators.
Managers must understand that while intrinsic motivation is better and far more economical at motivating employees to be creative, productive, and loyal; it is also creates a long term commitment of honoring that social relationship. The reason intrinsic motivation works so well is that in addition to market capital it uses social capital to dramatically increase the employees valuation of their time. Employees feel they are getting the better end of the bargain and are willing to work harder.
The potential problem is that intrinsic motivators create employee social expectations. Just like you couldn't pay your mother-in-law a $1000 for your Thanksgiving dinner, trying to move a social relationship created by the use of intrinsic motivators back to a market relationship will cause great turmoil in the employee- employer relationship. The moment a manager can't afford to give the time, trust, or freedom needed for the social exchange the employee will devalue their time to the market exchange rate, feel ripped off, frustrated, and will most likely quit.
Don't get me wrong! I think using intrinsic motivators are an excellent idea and I think Dan Pink and Dan Ariely are really onto something here, but managers need to understand what they are getting into and be willing to make the long term commitment and investment in meeting the social expectations that come with intrinsic motivation. Thanks for watching and I look forward to your feedback!
4:52
Intro to Behavioral Economics
In the 21st century, the toolkit of the modern designer is rapidly expanding. Design pract...
published: 16 Mar 2012
author: Artefact
Intro to Behavioral Economics
In the 21st century, the toolkit of the modern designer is rapidly expanding. Design practice is maturing, and what was once a focus on aesthetics and usability is broadening to incorporate interdisciplinary knowledge from a variety of fields like behavioral economics and cognitive psychology. These disciplines shed light on the factors that impact human decision-making and motivate our behaviors.
20:37
Daniel Kahneman: The riddle of experience vs. memory
Using examples from vacations to colonoscopies, Nobel laureate and founder of behavioral e...
published: 02 Mar 2010
author: Rafael Sampaio Rocha
Daniel Kahneman: The riddle of experience vs. memory
Using examples from vacations to colonoscopies, Nobel laureate and founder of behavioral economics Daniel Kahneman reveals how our "experiencing selves" and our "remembering selves" perceive happiness differently. This new insight has profound implications for economics, public policy -- and our own self-awareness.
http://www.ted.com/talks/daniel_kahneman_the_riddle_of_experience_vs_memory.html
Youtube results:
59:00
Studying Economic Behavior in Unusual Places with Richard Thaler
Richard Thaler is renowned for his extremely influential contributions to the emerging fie...
published: 07 Jan 2011
Studying Economic Behavior in Unusual Places with Richard Thaler
Studying Economic Behavior in Unusual Places with Richard Thaler
Richard Thaler is renowned for his extremely influential contributions to the emerging field of behavioral economics over the last three decades. He has made...- published: 07 Jan 2011
- views: 2904
- author: University of California Television (UCTV)
17:11
From Theory to Practice: Applying Behavioral Economics to the Arts
Sara Billmann, Marketing & Communications Director for University Musical Society (UMS), U...
published: 02 Oct 2013
From Theory to Practice: Applying Behavioral Economics to the Arts
From Theory to Practice: Applying Behavioral Economics to the Arts
Sara Billmann, Marketing & Communications Director for University Musical Society (UMS), University of Michigan presents "From Theory to Practice: Applying Behavioral Economics to the Arts" in this Innovator Series video from http://www.tessituranetwork.com. The fields of behavioral economics and consumer psychology provide us with theories about why people behave the way they do. But do these theories work for the arts? Sara explores recent work by leading behavioral economists and how their research can become your reality. In her role Sara oversees the strategic and creative campaigns for a 50-event season in classical music, theater, dance, jazz, and world music. She has recently overseen a rebranding of UMS, as well as the launch of umslobby.org, an interactive website that engages with audiences in new ways. She co-chaired the Major University Presenters Value and Impact Study (released in 2007). In 2010, she was invited to join 50 international arts professionals in the Salzburg Global Seminar on "Performing Arts in Lean Times: Opportunities for Reinvention". Tessitura's Innovator Series is an ongoing program of brief & inspiring presentations by industry innovators, each focused on a single theme with the potential to advance the reach & relevance of arts & culture in the world. Like Tessitura's Innovator Series Facebook page at http://www.facebook.com/TNinnovator Follow Tessitura Network on Twitter @TessNetwork. Visit http://www.tessituranetwork.com for more information about Tessitura Network and our products and services.- published: 02 Oct 2013
- views: 80
71:48
Absolute beginners: behavioural economics and human happiness
Speaker: Professor Paul Dolan Chair: Howard Davies This event was recorded on 8 February 2...
published: 14 Feb 2011
author: lsewebsite
Absolute beginners: behavioural economics and human happiness
Absolute beginners: behavioural economics and human happiness
Speaker: Professor Paul Dolan Chair: Howard Davies This event was recorded on 8 February 2011 in Sheikh Zayed Theatre, New Academic Building In Absolute Begi...- published: 14 Feb 2011
- views: 11858
- author: lsewebsite
10:58
IPA Rory Sutherland on behavioural economics
IPA President Rory Sutherland explains why he is championing behavioural economics We need...
published: 04 Aug 2009
author: The IPA
IPA Rory Sutherland on behavioural economics
IPA Rory Sutherland on behavioural economics
IPA President Rory Sutherland explains why he is championing behavioural economics We need to broaden the definition of what we do to reflect the new reality...- published: 04 Aug 2009
- views: 10512
- author: The IPA
