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  • BehavioralEconomics.com
    Keymaster
    Post count: 34

    Hi Richardt,
    Thanks for letting us know. We looked into this and everything appears to be working normally. The ‘mark complete’ option automatically becomes enabled once a video has been watched to the end.
    Please let us know if you are experiencing problems with videos in other lessons. Many thanks!

    BehavioralEconomics.com
    Keymaster
    Post count: 34

    Hi Richardt,
    We checked into this and everything should now be working smoothly.
    Please let us know if anything else comes up.

    BehavioralEconomics.com
    Keymaster
    Post count: 34

    That is well spotted, Richardt. It’s all fixed now. Thanks for letting us know!

    BehavioralEconomics.com
    Keymaster
    Post count: 34
    in reply to: Business norms #12919

    That’s a great question. Annie. We could understand business norms as a type of social norm if we define “social norm” in the sense of shared expectations about behavior within a group (e.g., “this is how deals are negotiated,” “this is how invoices are paid”).

    But in behavioral economics (and in this course) we often distinguish between “social norms” and “business norms” for clarity:

    Social norms usually refer to informal expectations in non-market settings, like reciprocity among friends, family obligations, or politeness rules. They are not explicitly transactional.

    Business norms are the codified or semi-codified expectations in market or organizational contexts, often backed up by contracts, pricing, and regulations, even if they also rely on trust and reputation.

    I hope this helps.

    BehavioralEconomics.com
    Keymaster
    Post count: 34

    Hi Atem, sorry to hear you’re having trouble with the video. We checked into this and the video appears to be working fine on our end. Please try again and let us know if the problem persists. You may also want to try a different browser. Many thanks!

    BehavioralEconomics.com
    Keymaster
    Post count: 34

    Hi Strattyn, I’m not sure if this answers the first part of your comment, but the course forum is located in Lesson 1 only, but contains each lesson as a separate topic.
    In terms of marking a topic as complete, please make sure you click on the green Mark Complete button at the bottom of the page, which will automatically forward you to the next topic.
    Please let us know if any other questions come up.

    BehavioralEconomics.com
    Keymaster
    Post count: 34

    Great point! BE and consumer psychology shows that, for high-stakes purchases, we tend to be more deliberate, but for routine spending, habits, heuristics, and emotions often take over.

    BehavioralEconomics.com
    Keymaster
    Post count: 34

    That’s a great way to capture the assumption in one sentence, especially the “until proven otherwise” part at the end. We appreciate the feedback!

    BehavioralEconomics.com
    Keymaster
    Post count: 34

    Indeed. This may be worth expanding in this lesson. It’s also an important point of intersection with the role of attention and the ‘attention economy’ in Lesson 4: too much information and too many stimuli means that we have to be selective about the information we pay attention to etc.

    BehavioralEconomics.com
    Keymaster
    Post count: 34

    Agreed! A shift in focus on attention is one of the more interesting developments in BE in recent years. It also helps efforts to find a unifying theory for many of the biases that have been identified.

    BehavioralEconomics.com
    Keymaster
    Post count: 34

    Thanks for the recommendation. Agreed, the updated version is definitely worth a read.

    BehavioralEconomics.com
    Keymaster
    Post count: 34

    Indeed, that’s a good point. There are quite a few theories from social psychology that would speak to that as well, including theories about (internalized) social norms, deindividuation, as well as Erving Goffman’s dramaturgical approach. And then there’s also criminology, of course, which has theories that explain the behavioral effect of not being observed, while the internet has been a real-life testbed of what happens when there is anonymity.

    BehavioralEconomics.com
    Keymaster
    Post count: 34

    Fantastic, glad to hear that you’re already teaching/using these approaches.

    BehavioralEconomics.com
    Keymaster
    Post count: 34
    in reply to: General Discussion #11957

    That’s great to hear, thank you.

Viewing 14 posts - 1 through 14 (of 14 total)