[BehavioralEconomics.com]

in reply to: Lesson 2: The Relativity of Choice #12392

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]

in reply to: Lesson 1: Introduction #12255

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]

in reply to: Lesson 1: Introduction #11964

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]

in reply to: Lesson 3: Bounded Rationality and Information (Part 1) #11963

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]

in reply to: Lesson 4: Bounded Rationality and Information (Part 2) #11962

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]

in reply to: Lesson 9: Behavioral Economics in Practice (Part 1) #11961

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

[BehavioralEconomics.com]

in reply to: Lesson 8: Bounded Self-Interest and Sociality (Part 2) #11959

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]

in reply to: Lesson 9: Behavioral Economics in Practice (Part 1) #11958

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

[BehavioralEconomics.com]

in reply to: General Discussion #11957

That’s great to hear, thank you.

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