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Behavioral Economics - The Prospect Theory Value Function
 
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This video introduces the prospect theory value function and discusses its relevant features. As told to my students at Northeastern University. For more information and a complete listing of videos and online articles by topic or textbook chapter, see http://www.economistsdoitwithmodels.com/economics-classroom/ For t-shirts and other EDIWM items, see http://www.economistsdoitwithmodels.com/merch/ By Jodi Beggs - Economists Do It With Models http://www.economistsdoitwithmodels.com Facebook: http://www.facebook.com/economistsdoitwithmodels Twitter: http://www.twitter.com/jodiecongirl Tumblr: http://economistsdoitwithmodels.tumblr.com
Views: 11717 jodiecongirl
Behavioral Economics - Prospect Theory Editing Heuristics
 
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This video outlines the various prospect theory editing heuristics that people use in order to simplify choices involving risky outcomes. As told to my students at Northeastern University. For more information and a complete listing of videos and online articles by topic or textbook chapter, see http://www.economistsdoitwithmodels.com/economics-classroom/ For t-shirts and other EDIWM items, see http://www.economistsdoitwithmodels.com/merch/ By Jodi Beggs - Economists Do It With Models http://www.economistsdoitwithmodels.com Facebook: http://www.facebook.com/economistsdoitwithmodels Twitter: http://www.twitter.com/jodiecongirl Tumblr: http://economistsdoitwithmodels.tumblr.com
Views: 2763 jodiecongirl
Behavioral Economics - The Motivation for Prospect Theory
 
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This video gives a motivating example for prospect theory where individuals' preferences can't be explained using the traditional expected utility framework. In addition, the lecture contains an interesting discussion regarding experimental best practices. As told to my students at Northeastern University. For more information and a complete listing of videos and online articles by topic or textbook chapter, see http://www.economistsdoitwithmodels.com/economics-classroom/ For t-shirts and other EDIWM items, see http://www.economistsdoitwithmodels.com/merch/ By Jodi Beggs - Economists Do It With Models http://www.economistsdoitwithmodels.com Facebook: http://www.facebook.com/economistsdoitwithmodels Twitter: http://www.twitter.com/jodiecongirl Tumblr: http://economistsdoitwithmodels.tumblr.com
Views: 3404 jodiecongirl
Behavioral Economics - The Probability Weighting Function
 
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This video introduces the probability weighting function used in prospect theory and discusses some of its properties. As told to my students at Northeastern University. For more information and a complete listing of videos and online articles by topic or textbook chapter, see http://www.economistsdoitwithmodels.com/economics-classroom/ For t-shirts and other EDIWM items, see http://www.economistsdoitwithmodels.com/merch/ By Jodi Beggs - Economists Do It With Models http://www.economistsdoitwithmodels.com Facebook: http://www.facebook.com/economistsdoitwithmodels Twitter: http://www.twitter.com/jodiecongirl Tumblr: http://economistsdoitwithmodels.tumblr.com
Views: 5818 jodiecongirl
Behavioral Economics - Loss Aversion and the Value Function
 
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This video describes how loss aversion follows from the prospect theory value function. As told to my students at Northeastern University. For more information and a complete listing of videos and online articles by topic or textbook chapter, see http://www.economistsdoitwithmodels.com/economics-classroom/ For t-shirts and other EDIWM items, see http://www.economistsdoitwithmodels.com/merch/ By Jodi Beggs - Economists Do It With Models http://www.economistsdoitwithmodels.com Facebook: http://www.facebook.com/economistsdoitwithmodels Twitter: http://www.twitter.com/jodiecongirl Tumblr: http://economistsdoitwithmodels.tumblr.com
Views: 1789 jodiecongirl
Behavioral Economics - Expected Utility Review
 
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This video goes through a review of expected utility as a precursor to discussing prospect theory and its role in behavioral economics. As told to my students at Northeastern University. For more information and a complete listing of videos and online articles by topic or textbook chapter, see http://www.economistsdoitwithmodels.com/economics-classroom/ For t-shirts and other EDIWM items, see http://www.economistsdoitwithmodels.com/merch/ By Jodi Beggs - Economists Do It With Models http://www.economistsdoitwithmodels.com Facebook: http://www.facebook.com/economistsdoitwithmodels Twitter: http://www.twitter.com/jodiecongirl Tumblr: http://economistsdoitwithmodels.tumblr.com
Views: 11821 jodiecongirl
Behavioral Economics - Probability Weighting Discussion Question
 
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This video goes over a practice problem that relates to how people subjectively weight probabilities in various scenarios. As told to my students at Northeastern University. For more information and a complete listing of videos and online articles by topic or textbook chapter, see http://www.economistsdoitwithmodels.com/economics-classroom/ For t-shirts and other EDIWM items, see http://www.economistsdoitwithmodels.com/merch/ By Jodi Beggs - Economists Do It With Models http://www.economistsdoitwithmodels.com Facebook: http://www.facebook.com/economistsdoitwithmodels Twitter: http://www.twitter.com/jodiecongirl Tumblr: http://economistsdoitwithmodels.tumblr.com
Views: 1303 jodiecongirl
Behavioral Economics - Expected Prospect Value
 
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This video describes the formulas for calculating the expected value of a prospect in order to model decision making under uncertainty from a behavioral economics perspective. As told to my students at Northeastern University. For more information and a complete listing of videos and online articles by topic or textbook chapter, see http://www.economistsdoitwithmodels.com/economics-classroom/ For t-shirts and other EDIWM items, see http://www.economistsdoitwithmodels.com/merch/ By Jodi Beggs - Economists Do It With Models http://www.economistsdoitwithmodels.com Facebook: http://www.facebook.com/economistsdoitwithmodels Twitter: http://www.twitter.com/jodiecongirl Tumblr: http://economistsdoitwithmodels.tumblr.com
Views: 1929 jodiecongirl
Behavioral Economics - Editing Heuristics Discussion Question
 
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This video works through a discussion question about the editing heuristics employed by prospect theory. As told to my students at Northeastern University. For more information and a complete listing of videos and online articles by topic or textbook chapter, see http://www.economistsdoitwithmodels.com/economics-classroom/ For t-shirts and other EDIWM items, see http://www.economistsdoitwithmodels.com/merch/ By Jodi Beggs - Economists Do It With Models http://www.economistsdoitwithmodels.com Facebook: http://www.facebook.com/economistsdoitwithmodels Twitter: http://www.twitter.com/jodiecongirl Tumblr: http://economistsdoitwithmodels.tumblr.com
Views: 445 jodiecongirl
Behavioral Economics - Value Function Discussion Question
 
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This video goes over a practice problem that relates to the shape of the prospect theory value function. As told to my students at Northeastern University. For more information and a complete listing of videos and online articles by topic or textbook chapter, see http://www.economistsdoitwithmodels.com/economics-classroom/ For t-shirts and other EDIWM items, see http://www.economistsdoitwithmodels.com/merch/ By Jodi Beggs - Economists Do It With Models http://www.economistsdoitwithmodels.com Facebook: http://www.facebook.com/economistsdoitwithmodels Twitter: http://www.twitter.com/jodiecongirl Tumblr: http://economistsdoitwithmodels.tumblr.com
Views: 1168 jodiecongirl
Behavioral Economics - Expected Prospect Value Discussion Question
 
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This video explores a discussion question that asks students to calculate the expect value of a prospect. As told to my students at Northeastern University. For more information and a complete listing of videos and online articles by topic or textbook chapter, see http://www.economistsdoitwithmodels.com/economics-classroom/ For t-shirts and other EDIWM items, see http://www.economistsdoitwithmodels.com/merch/ By Jodi Beggs - Economists Do It With Models http://www.economistsdoitwithmodels.com Facebook: http://www.facebook.com/economistsdoitwithmodels Twitter: http://www.twitter.com/jodiecongirl Tumblr: http://economistsdoitwithmodels.tumblr.com
Views: 435 jodiecongirl
Behavioral Economics - Hyperbolic Discounting Discussion Question (Part 1)
 
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This video goes through an example of time-consistent rational exponential discounting in order to introduce an example of hyperbolic discounting. As told to my students at Northeastern University. For more information and a complete listing of videos and online articles by topic or textbook chapter, see http://www.economistsdoitwithmodels.com/economics-classroom/ For t-shirts and other EDIWM items, see http://www.economistsdoitwithmodels.com/merch/ By Jodi Beggs - Economists Do It With Models http://www.economistsdoitwithmodels.com Facebook: http://www.facebook.com/economistsdoitwithmodels Twitter: http://www.twitter.com/jodiecongirl Tumblr: http://economistsdoitwithmodels.tumblr.com
Views: 6213 jodiecongirl
Prospect theory | Wikipedia audio article
 
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This is an audio version of the Wikipedia Article: https://en.wikipedia.org/wiki/Prospect_theory 00:01:27 1 Model 00:16:47 2 Example 00:24:27 3 Applications 00:24:47 4 Limits and extensions 00:25:08 5 See also 00:25:25 6 Notes 00:25:36 7 Further reading 00:25:53 8 External links 00:29:02 Limits and extensions 00:30:48 See also 00:30:57 Notes 00:31:07 Further reading 00:38:10 External links Listening is a more natural way of learning, when compared to reading. Written language only began at around 3200 BC, but spoken language has existed long ago. Learning by listening is a great way to: - increases imagination and understanding - improves your listening skills - improves your own spoken accent - learn while on the move - reduce eye strain Now learn the vast amount of general knowledge available on Wikipedia through audio (audio article). You could even learn subconsciously by playing the audio while you are sleeping! If you are planning to listen a lot, you could try using a bone conduction headphone, or a standard speaker instead of an earphone. Listen on Google Assistant through Extra Audio: https://assistant.google.com/services/invoke/uid/0000001a130b3f91 Other Wikipedia audio articles at: https://www.youtube.com/results?search_query=wikipedia+tts Upload your own Wikipedia articles through: https://github.com/nodef/wikipedia-tts Speaking Rate: 0.7093069276898928 Voice name: en-US-Wavenet-B "I cannot teach anybody anything, I can only make them think." - Socrates SUMMARY ======= Prospect theory is a theory in cognitive psychology that describes the way people choose between probabilistic alternatives that involve risk, where the probabilities of outcomes are uncertain. The theory states that people make decisions based on the potential value of losses and gains rather than the final outcome, and that people evaluate these losses and gains using some heuristics. The model is descriptive: it tries to model real-life choices, rather than optimal decisions, as normative models do. The theory was created in 1979 and developed in 1992 by Daniel Kahneman and Amos Tversky as a psychologically more accurate description of decision making, compared to the expected utility theory. In the original formulation, the term prospect referred to a lottery. The paper "Prospect Theory: An Analysis of Decision under Risk" (1979) has been called a "seminal paper in behavioral economics".
Views: 8 wikipedia tts
Behavioral Economics - The Certainty Effect
 
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This video gives a motivating example to illustrate the certainty effect in prospect theory and explains why such behavior is not consistent with economic rationality. As told to my students at Northeastern University. For more information and a complete listing of videos and online articles by topic or textbook chapter, see http://www.economistsdoitwithmodels.com/economics-classroom/ For t-shirts and other EDIWM items, see http://www.economistsdoitwithmodels.com/merch/ By Jodi Beggs - Economists Do It With Models http://www.economistsdoitwithmodels.com Facebook: http://www.facebook.com/economistsdoitwithmodels Twitter: http://www.twitter.com/jodiecongirl Tumblr: http://economistsdoitwithmodels.tumblr.com
Views: 2390 jodiecongirl
Behavioral Economics - Disposition Effect Evidence Setup
 
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This video describes the empirical methodology used to document the disposition effect in stock-market behavior, specifically relating to Terrance Odean's paper "Are Investors Reluctant to Realize Their Losses?" As told to my students at Northeastern University. For more information and a complete listing of videos and online articles by topic or textbook chapter, see http://www.economistsdoitwithmodels.com/economics-classroom/ For t-shirts and other EDIWM items, see http://www.economistsdoitwithmodels.com/merch/ By Jodi Beggs - Economists Do It With Models http://www.economistsdoitwithmodels.com Facebook: http://www.facebook.com/economistsdoitwithmodels Twitter: http://www.twitter.com/jodiecongirl Tumblr: http://economistsdoitwithmodels.tumblr.com
Views: 1031 jodiecongirl
Behavioral Economics - The Disposition Effect
 
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This video introduces the concept of the disposition effect and discusses how it differs from related behavioral biases such as a false belief in mean reversion and the gambler's fallacy. As told to my students at Northeastern University. For more information and a complete listing of videos and online articles by topic or textbook chapter, see http://www.economistsdoitwithmodels.com/economics-classroom/ For t-shirts and other EDIWM items, see http://www.economistsdoitwithmodels.com/merch/ By Jodi Beggs - Economists Do It With Models http://www.economistsdoitwithmodels.com Facebook: http://www.facebook.com/economistsdoitwithmodels Twitter: http://www.twitter.com/jodiecongirl Tumblr: http://economistsdoitwithmodels.tumblr.com
Views: 2177 jodiecongirl
11. Behavioral Finance and the Role of Psychology
 
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Financial Markets (2011) (ECON 252) Deviating from an absolute belief in the principle of rationality, Professor Shiller elaborates on human failings and foibles. Acknowledging impulses to exploit these weaknesses, he emphasizes the role of factors that keep these impulses in check, specifically the desire for praise-worthiness from Adam Smith's The Theory of Moral Sentiments. After a discourse on Personality Psychology, Professor Shiller starts a list of important topics in Behavioral Finance with Daniel Kahneman's and Amos's Tversky's Prospect Theory. The value function and the probability weighting function, as two key components of this theory, help explain certain patterns in people's everyday decision making, e.g. the existence of diamond ring insurance and airline flight insurance. An in-class experiment underscores the prevalence and importance of the concept of overconfidence. Further topics include Regret Theory, gambling behavior, cognitive dissonance, anchoring, the representativeness heuristic, and social contagion. Professor Shiller concludes the lecture with some perspectives on moral judgment in the business world, addressing shared values and integrity. 00:00 - Chapter 1: Human Failings & People's Desire for Praise-Worthiness 11:37 - Chapter 2. Personality Psychology 20:14 - Chapter 3. Prospect Theory and Its Implications for Everyday Decision Making 35:53 - Chapter 4. Regret Theory and Gambling Behavior 40:40 - Chapter 5. Overconfidence, and Related Anomalies, Opportunities for Manipulation 57:16 - Chapter 6. Cognitive Dissonance, Anchoring, Representativeness Heuristic, and Social Contagion 01:12:38 - Chapter 7. Moral Judgment in the Business World Complete course materials are available at the Yale Online website: online.yale.edu This course was recorded in Spring 2011.
Views: 193829 YaleCourses
Behavioral Economics - Intro and History
 
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Welcome to Behavioral Economics! This video gives a brief introduction to and history of behavioral economics, as told to my students at Northeastern University. For more information and a complete listing of videos and online articles by topic or textbook chapter, see http://www.economistsdoitwithmodels.com/economics-classroom/ For t-shirts and other EDIWM items, see http://www.economistsdoitwithmodels.com/merch/ By Jodi Beggs - Economists Do It With Models http://www.economistsdoitwithmodels.com Facebook: http://www.facebook.com/economistsdoitwithmodels Twitter: http://www.twitter.com/jodiecongirl Tumblr: http://economistsdoitwithmodels.tumblr.com
Views: 4178 jodiecongirl
Behavioral Economics - Losses Versus Forgone Gains
 
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This video discusses the distinction between explicit losses and forgone gains and relates the distinction to differences in willingness to pay and willingness to accept that depend on framing. as told to my students at Northeastern University. For more information and a complete listing of videos and online articles by topic or textbook chapter, see http://www.economistsdoitwithmodels.com/economics-classroom/ For t-shirts and other EDIWM items, see http://www.economistsdoitwithmodels.com/merch/ By Jodi Beggs - Economists Do It With Models http://www.economistsdoitwithmodels.com Facebook: http://www.facebook.com/economistsdoitwithmodels Twitter: http://www.twitter.com/jodiecongirl Tumblr: http://economistsdoitwithmodels.tumblr.com
Views: 573 jodiecongirl
Behavioral Economics: Full Series
 
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Behavioral economics helps you understand dating, partying, college loans, voter ignorance, and all the choices humans make. Here’s our full series. SUBSCRIBE: http://bit.ly/2dUx6wg LEARN MORE: The Elephant in the Brain: Hidden Motives in Everyday Life (book): Kevin Simler and Prof. Robin Hanson discuss the unconscious motives behind our actions. https://www.amazon.com/Elephant-Brain-Hidden-Motives-Everyday/dp/0190495995 Do Free Markets Require Rational Actors? (article): Prof. Steve Horwitz explains why insights from behavioral economics that prove people do not always act rationally should be taken as arguments against the free market. https://fee.org/articles/do-free-markets-require-rational-actors/ Behavioral Economics and Irrational Voters (article): Julian Adorney applies insights from behavioral economics to electoral politics. https://mises.org/library/behavioral-economics-and-irrational-voters TRANSCRIPT: For a full transcript please visit: LEARN LIBERTY: Your resource for exploring the ideas of a free society. We tackle big questions about what makes a society free or prosperous and how we can improve the world we live in. Watch more at http://www.learnliberty.org/.
Views: 14397 Learn Liberty
Behavioral Economics - Rationality Assumptions
 
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This video outlines the assumptions of economic rationality (and discusses how such assumptions are unreasonable if taken literally), as told to my students at Northeastern University. For more information and a complete listing of videos and online articles by topic or textbook chapter, see http://www.economistsdoitwithmodels.com/economics-classroom/ For t-shirts and other EDIWM items, see http://www.economistsdoitwithmodels.com/merch/ By Jodi Beggs - Economists Do It With Models http://www.economistsdoitwithmodels.com Facebook: http://www.facebook.com/economistsdoitwithmodels Twitter: http://www.twitter.com/jodiecongirl Tumblr: http://economistsdoitwithmodels.tumblr.com
Views: 2561 jodiecongirl
Daniel Kahneman
 
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Daniel Kahneman (Hebrew: דניאל כהנמן‎, born March 5, 1934) is an Israeli-American psychologist. He shared the 2002 Nobel Memorial Prize in Economic Sciences with Vernon L. Smith. Kahneman is notable for his work on the psychology of judgment and decision-making, behavioral economics and hedonic psychology. With Amos Tversky and others, Kahneman established a cognitive basis for common human errors which arise from heuristics and biases (Kahneman & Tversky, 1973; Kahneman, Slovic & Tversky, 1982; Tversky & Kahneman, 1974), and developed prospect theory (Kahneman & Tversky, 1979). He was awarded the 2002 Nobel Memorial Prize in Economics for his work in prospect theory. This video is targeted to blind users. Attribution: Article text available under CC-BY-SA Creative Commons image source in video
Views: 703 Audiopedia
The Fisher Effect
 
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This video introduces the Fisher effect, which shows the relationship between changes in inflation and changes in interest rates in response to a change in the money supply. For more information and a complete listing of videos and online articles by topic or textbook chapter, see http://www.economistsdoitwithmodels.com/economics-classroom/ For t-shirts and other EDIWM items, see http://www.economistsdoitwithmodels.com/merch/ By Jodi Beggs - Economists Do It With Models http://www.economistsdoitwithmodels.com Facebook: http://www.facebook.com/economistsdoitwithmodels Twitter: http://www.twitter.com/jodiecongirl Tumblr: http://economistsdoitwithmodels.tumblr.com
Views: 99387 jodiecongirl
Prospectus Introduction by Advocate Sanyog Vyas
 
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Prospectus Introduction by Advocate Sanyog Vyas
Views: 160626 Sanyog Vyas Law Classes
Amos Tversky | Wikipedia audio article
 
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This is an audio version of the Wikipedia Article: https://en.wikipedia.org/wiki/Amos_Tversky 00:01:58 1 Biography 00:04:47 2 Career 00:04:56 2.1 Work with Daniel Kahneman 00:06:01 2.2 Comparative ignorance 00:07:21 2.3 Notable contributions 00:08:13 3 In popular culture 00:08:23 3.1 Tversky intelligence test 00:09:07 3.2 iThe Undoing Project/i Listening is a more natural way of learning, when compared to reading. Written language only began at around 3200 BC, but spoken language has existed long ago. Learning by listening is a great way to: - increases imagination and understanding - improves your listening skills - improves your own spoken accent - learn while on the move - reduce eye strain Now learn the vast amount of general knowledge available on Wikipedia through audio (audio article). You could even learn subconsciously by playing the audio while you are sleeping! If you are planning to listen a lot, you could try using a bone conduction headphone, or a standard speaker instead of an earphone. Listen on Google Assistant through Extra Audio: https://assistant.google.com/services/invoke/uid/0000001a130b3f91 Other Wikipedia audio articles at: https://www.youtube.com/results?search_query=wikipedia+tts Upload your own Wikipedia articles through: https://github.com/nodef/wikipedia-tts Speaking Rate: 0.7403086416231194 Voice name: en-US-Wavenet-C "I cannot teach anybody anything, I can only make them think." - Socrates SUMMARY ======= Amos Nathan Tversky (Hebrew: עמוס טברסקי‎; March 16, 1937 – June 2, 1996) was a cognitive and mathematical psychologist, a student of cognitive science, a collaborator of Daniel Kahneman, and a figure in the discovery of systematic human cognitive bias and handling of risk. Much of his early work concerned the foundations of measurement. He was co-author of a three-volume treatise, Foundations of Measurement (recently reprinted). His early work with Kahneman focused on the psychology of prediction and probability judgment; later they worked together to develop prospect theory, which aims to explain irrational human economic choices and is considered one of the seminal works of behavioral economics. Six years after Tversky's death, Kahneman received the 2002 Nobel Prize in Economics for the work he did in collaboration with Amos Tversky. (The prize is not awarded posthumously.) Kahneman told The New York Times in an interview soon after receiving the honor: "I feel it is a joint prize. We were twinned for more than a decade." Tversky also collaborated with many leading researchers including Thomas Gilovich, Itamar Simonson, Paul Slovic and Richard Thaler. A Review of General Psychology survey, published in 2002, ranked Tversky as the 93rd most cited psychologist of the 20th century, tied with Edwin Boring, John Dewey, and Wilhelm Wundt.
Views: 13 wikipedia tts
Daniel Kahneman | Wikipedia audio article
 
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This is an audio version of the Wikipedia Article: Daniel Kahneman Listening is a more natural way of learning, when compared to reading. Written language only began at around 3200 BC, but spoken language has existed long ago. Learning by listening is a great way to: - increases imagination and understanding - improves your listening skills - improves your own spoken accent - learn while on the move - reduce eye strain Now learn the vast amount of general knowledge available on Wikipedia through audio (audio article). You could even learn subconsciously by playing the audio while you are sleeping! If you are planning to listen a lot, you could try using a bone conduction headphone, or a standard speaker instead of an earphone. You can find other Wikipedia audio articles too at: https://www.youtube.com/channel/UCuKfABj2eGyjH3ntPxp4YeQ You can upload your own Wikipedia articles through: https://github.com/nodef/wikipedia-tts "The only true wisdom is in knowing you know nothing." - Socrates SUMMARY ======= Daniel Kahneman (; Hebrew: דניאל כהנמן‎; born March 5, 1934) is an Israeli-American psychologist notable for his work on the psychology of judgment and decision-making, as well as behavioral economics, for which he was awarded the 2002 Nobel Memorial Prize in Economic Sciences (shared with Vernon L. Smith). His empirical findings challenge the assumption of human rationality prevailing in modern economic theory. With Amos Tversky and others, Kahneman established a cognitive basis for common human errors that arise from heuristics and biases (Kahneman & Tversky, 1973; Kahneman, Slovic & Tversky, 1982; Tversky & Kahneman, 1974), and developed prospect theory (Kahneman & Tversky, 1979). In 2011, he was named by Foreign Policy magazine to its list of top global thinkers. In the same year, his book Thinking, Fast and Slow, which summarizes much of his research, was published and became a best seller.He is professor emeritus of psychology and public affairs at Princeton University's Woodrow Wilson School. Kahneman is a founding partner of TGG Group, a business and philanthropy consulting company. He was married to Royal Society Fellow Anne Treisman, who died on February 9, 2018.In 2015, The Economist listed him as the seventh most influential economist in the world.
Views: 15 wikipedia tts
7. Behavioral Finance: The Role of Psychology
 
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Financial Markets (ECON 252) Behavioral Finance is a relatively recent revolution in finance that applies insights from all of the social sciences to finance. New decision-making models incorporate psychology and sociology, among other disciplines, to explain economic and financial phenomenon, such as erratic stock price variations. Psychological patterns such as overconfidence and perceived kinks in the value function seem to impact financial decision-making, but are not included in classical theories such as the Expected Utility Theory. Kahneman and Tversky's Prospect Theory addresses such issues and sheds light on irrational deviations from traditional decision-making models. 00:00 - Chapter 1. What Is Behavioral Finance? 09:01 - Chapter 2. Market Volatility: Random, or Socially Influenced? A Present Value Analysis 19:58 - Chapter 3. Overconfidence: Its Ubiquity and Impact on Financial Markets 38:29 - Chapter 4. The Kahneman and Tversky Prospect Theory or, How People Make Choices 58:50 - Chapter 5. The Regret Theory and Fashion as a Measure of the Market Complete course materials are available at the Open Yale Courses website: http://open.yale.edu/courses This course was recorded in Spring 2008.
Views: 116235 YaleCourses
You Won't BELIEVE Who Trump Wants To Hire
 
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It just keeps getting worse! Cenk Uygur and Ana Kasparian, hosts of The Young Turks, break it down. More TYT: https://go.tyt.com/br4N-VHoJ2E Read more here: https://www.bloomberg.com/news/articles/2019-01-31/trump-is-said-to-consider-herman-cain-for-federal-reserve-board "Herman Cain, the former pizza company executive who ran for the 2012 Republican presidential nomination, is being considered by President Donald Trump for a seat on the Federal Reserve Board. Cain, 73, was in the White House on Wednesday, according to people familiar with the matter. Two seats on the Fed board are vacant, but nominating Cain raises the prospect of a Senate confirmation hearing focused on the sexual harassment and infidelity accusations that ended his presidential campaign. The people asked not to be identified discussing Trump’s private deliberations. Cain was also under consideration for other unspecified senior government posts, they said." Hosts: Cenk Uygur, Ana Kasparian Cast: Cenk Uygur, Ana Kasparian *** The Largest Online News Show in the World. Hosted by Cenk Uygur and Ana Kasparian. LIVE STREAMING weekdays 6-8pm ET. http://tyt.com/live Subscribe to The Young Turks on YouTube: http://youtube.com/subscription_center?add_user=theyoungturks TYT on Facebook: http://facebook.com/theyoungturks TYT on Twitter: http://twitter.com/theyoungturks TYT on Instagram: http://instagram.com/theyoungturks Merch: http://www.shoptyt.com Donate to TYT https://patreon.com/tytnetwork http://tyt.com/donate Download audio and video of the full two-hour show on-demand + the members-only postgame show by becoming a member at http://tyt.com/join/. Your membership supports the day to day operations and is vital for our continued success and growth. Gift membership: http://tyt.com/gift Producer, Senior Producer and Executive Producer membership: http://go.tyt.com/producer Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. A young person who rebels against authority or societal expectations. (American Heritage Dictionary) #TYT #TheYoungTurks #TYTnetwork
Views: 154570 The Young Turks
Max Igan | Ancient Mysteries, The Control Grid, Social Credits, & Finding Freedom
 
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Today on everyone's favorite podcast for conspiracy, the paranormal, & the all around fringe: Alright Higherside Chatters, weather you're driving to or from that soul sucking job, hunched over a cubicle keyboard, or actually listening to the show in one of your rare moments of freedom- I think most of us look at our sick system, and see it's no way to be: We have a debt based banking cartel that trains us to obsess over scraps. An “education” field that excludes anything that might go against said backwards system And as unbelievable as it might sound, we still greet our criminal class politicians with applause rather than arrests. Yes folks, the illusion is persistent - but the centuries we've experienced under top down domination via the Vampire Squid- are nothing compared to the roll out of the all encompassing digital grid. And of course I'm sure many of us feel frustrated with our situation, but one of the big questions to ask, is how complacent have we been in our own enslavement. I don't see anyone raising a fuss? That is of course with the exception of today's guest, Max Igan. Max is an artist and musician who has really left his mark on the alternative media. He's not only hosted his own radio show podcast called Surviving The Matrix which is now been in action for a decade, but his popular website TheCrowHouse.com contains his art, music, show archives, short films, articles, book and more all for the low low cost of absolutely nothing. Want more from our guest? Max's Website: http://thecrowhouse.com/home.html Max's Ebook: http://thecrowhouse.com/projects.html A few valuable resources from the interview: Official web-project of the scientific direction new chronology: http://chronologia.org/en/ Was there a 19th century mud flood in across Europe? http://www.wildheretic.com/forum/viewtopic.php?t=502 17 Out-of-Place Artifacts Said to Suggest High-Tech Prehistoric Civilizations Existed: https://www.theepochtimes.com/17-out-of-place-artifacts-said-to-suggest-high-tech-prehistoric-civilizations-existed_1767391.html The Quick 8: Eight Out-of-Place Artifacts: http://mentalfloss.com/article/23399/quick-8-eight-out-place-artifacts Big data meets Big Brother as China moves to rate its citizens: http://www.wired.co.uk/article/chinese-government-social-credit-score-privacy-invasion There's more THC for members! If you like the 1st free hour of THC, why wouldn't you like the 2nd? Sign up for $5, and get 5 extended 2 hour episodes every month, lifetime forum access, bonus shows, downloads of all the THC cover songs & more. Always action packed and ad free: TheHighersideChatsPlus.com/subscribe This episode's Plus content includes: -Are our bodies covertly being prepared for something? -The war crimes in Gaza. -Why the battle against the capstone cabal is a spiritual battle at it's core. -A.I. And the prospect of an inter-dimensional invasion -The Flat Earth & the deceptions about our environment -Magic, language, & social media -The positive side of gaming communities -The Full Circle Project What more from THC? Official Facebook page: facebook.com/TheHighersideChatsPodcast Official Facebook Group: facebook.com/groups/highersidechats Twitter: twitter.com/HighersideChats Youtube: youtube.com/user/TheHighersideChats/ Reddit: reddit.com/r/highersidechats/ Discord: discord.gg/rdGpKtW Review us on iTunes: itunes.apple.com/podcast/id419458838?mt And be sure to check out The Higherside Clothing: thehighersideclothing.com Also, big thanks to The Plate Scrapers for their cover of the THC theme song!
Views: 24627 TheHighersideChats
Behavioral Economics - Disposition Effect Data Breakdown
 
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This video shows how the disposition effect test applies to a few subsets of the main dataset examined. As told to my students at Northeastern University. For more information and a complete listing of videos and online articles by topic or textbook chapter, see http://www.economistsdoitwithmodels.com/economics-classroom/ For t-shirts and other EDIWM items, see http://www.economistsdoitwithmodels.com/merch/ By Jodi Beggs - Economists Do It With Models http://www.economistsdoitwithmodels.com Facebook: http://www.facebook.com/economistsdoitwithmodels Twitter: http://www.twitter.com/jodiecongirl Tumblr: http://economistsdoitwithmodels.tumblr.com
Views: 4549 jodiecongirl
Prospect Interview Series With: Philip Roeder
 
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Philip G. Roeder is professor of political science at UC San Diego. Roeders research focuses on nationalism and on authoritarian politics with special attention to the Soviet successor states. Roeder is the author of Where Nation-States Come From: Institutional Change in the Age of Nationalism, Red Sunset: The Failure of Soviet Politics, and Soviet Political Dynamics. He is also the co-author of Postcommunism and the Theory of Democracy and co-editor of Sustainable Peace: Power and Democracy After Civil Wars. His articles have appeared in such journals as American Political Science Review, World Politics, and International Security Quarterly. He is currently conducting research on 1) the design of political institutions to avoid or resolve wars of national liberation; and 2) American foreign policy interests in the Soviet successor states of Central Eurasia. He received his Ph.D. and M.A. from Harvard University.
Views: 1107 PROSPECTJOURNALUCSD
Behavioral Economics - The Disposition Effect and Tax-Motivated Selling
 
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This video shows the effect that tax-motivated selling of stocks has on the observed measure of the disposition effect. As told to my students at Northeastern University. For more information and a complete listing of videos and online articles by topic or textbook chapter, see http://www.economistsdoitwithmodels.com/economics-classroom/ For t-shirts and other EDIWM items, see http://www.economistsdoitwithmodels.com/merch/ By Jodi Beggs - Economists Do It With Models http://www.economistsdoitwithmodels.com Facebook: http://www.facebook.com/economistsdoitwithmodels Twitter: http://www.twitter.com/jodiecongirl Tumblr: http://economistsdoitwithmodels.tumblr.com
Views: 1496 jodiecongirl
15 Recent Science Discoveries You Wont Believe
 
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15 amazing recent discoveries in the world of science and here they are from bionic contact lenses to reanimating dinosaur dna! Subscribe to Talltanic http://goo.gl/wgfvrr 7. New Human Species Biologists all over the world were intrigued upon hearing the 2015 discovery of a new species of human, Homo Naledi, allowing for an ever clearer picture of our ancient ancestry. The findings were unveiled deep in an underground cave in South Africa and is considered one of the greatest collection of human remains ever unearthed. So far, it is known that this species of human grew to an average height of 5 feet and had a brain no larger than an orange. The way the bones in the South African cave were arranged suggests that these human ancestors ritualistically buried their dead, giving scientists a glimpse into our cultural past. 6. Bionic Lens While still in the testing stage, the founder of Ocumetics Technology Corp may have stumbled upon a revolutionary technology that could augment the way humans perceive the world. A new bionic contact lens will give wearers an ability to see the world with stronger than 20/20 vision. Some subjects, who have already tried the lens themselves, claim that they not only see better than ever before but have identified a unique spectrum of colors unfamiliar to the unaided eye. Is this perhaps the first step in the direction of a new era of superhumans? 5. Harder Than Diamond Scientists may have recently discovered a substance harder than diamond, Q-carbon. What gives diamonds their excellent hardness are the chemical bonds that hold them together. The carbon in diamonds is held together by incredibly tight chemical bonds at the microscopic level, giving diamonds their prominent hardness. By the manipulation of carbon atoms, scientists were able to augment their chemical bonds, producing a material that is potentially 60 times harder than diamond. While this substance is still being experimented on, it is a potential prospect for the future of cheap, efficient technologies. 4. First Mammals Researchers from the University of Edinburgh have discovered an ancient species of mammals that survived the notorious extinction of the dinosaurs over 65 million years ago. The reason this find is so significant is that it gives us a glimpse at how mammals began to rule the world previously dominated by their cold-blooded counterparts. The mammal is thought to have been a plant-eater closely resembling a modern beaver. Once the dinosaurs were eliminated these beaver-like creatures began to flourish, given that they were no longer victims of dinosaur predators. Because these little guys were able to withstand the destruction that wrecked havoc on the dinosaurs, an array of mammals, including our ancestors, were finally able to leave their mark on the world. 3. Whale Gene Mapping Gene mapping is starting to look less like a theoretical nicety and more like an applied science with this new aquatic discovery. Scientists have finally discovered why Bowhead Whales are able to live to 200 years old by remapping their entire genome. By comparing the genome of Bowhead Whales with the genome of other mammals with a less impressive lifespan, scientists were able to point out marked differences. Bowhead longevity is due to its genes’ effectiveness in repairing gene deterioration, which is the cause of cancer and other ailments known to cut human life short. By further studying this animal’s genes, scientists may finally be able to restore our own faulty genetic system, substantially lengthening our lives. 2. Second Earth NASA has recently confirmed their discovery of a possible second Earth. Kepler-452b orbits its sun in what scientists call the “Goldilocks Zone,” which is the habitable region in space, not too far or close to the sun, necessary for the possibility of life to flourish. The new planet appears to have a rocky surface as well as liquid water, which is another key ingredient for life to subsist. Although not much is known about if there is life beyond Earth, it makes sense to take notice of planets similar to our own. 1. Animal Re-animation Scientists have always been intrigued by the prospect of re-animating creatures that have been extinct for many years. While bringing a dinosaur back to life would be kind of cool, bringing a Wooly Mammoth back to life would be just as cool, and that is just what scientists are trying to do. Because Wooly Mammoths and Saber-Toothed Tigers have only been extinct for tens of thousands of years, unlike the millions of years dinosaurs have been extinct, intact DNA samples are much easier to find. Scientists believe it is possible to recreate these extinct beasts by cloning them with DNA and tissue samples, which have been found, over the years, preserved in ice.
Views: 4437246 Talltanic
Behavioral Economics - The Impact of Irrationality
 
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This video gives a brief discussion about when and why deviations from economic rationality are meaningful and worth documenting and studying, as told to my students at Northeastern University. For more information and a complete listing of videos and online articles by topic or textbook chapter, see http://www.economistsdoitwithmodels.com/economics-classroom/ For t-shirts and other EDIWM items, see http://www.economistsdoitwithmodels.com/merch/ By Jodi Beggs - Economists Do It With Models http://www.economistsdoitwithmodels.com Facebook: http://www.facebook.com/economistsdoitwithmodels Twitter: http://www.twitter.com/jodiecongirl Tumblr: http://economistsdoitwithmodels.tumblr.com
Views: 782 jodiecongirl
What Does Genetic Engineering Mean for Humanity?
 
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In this video we think about what the future of genetic engineering in humans might look like! A bit of history, some scientific sparknotes, and of course...speculation! If you're interested in learning more about genetic engineering, check out the links below. Don't forget to subscribe! Music by the incredibly talented Ross Bugden, whose channel you can find here: https://www.youtube.com/channel/UCQKGLOK2FqmVgVwYferltKQ Resources: https://peh-med.biomedcentral.com/articles/10.1186/1747-5341-1-9 http://pitjournal.unc.edu/article/prospect-designer-babies-it-inevitable https://www.omicsonline.org/scholarly/human-genetic-engineering-journals-articles-ppts-list.php Social Media Links! Facebook: https://www.facebook.com/secondthoughtchannel Twitter: https://twitter.com/_SecondThought Reddit: https://www.reddit.com/r/SecondThought/
Views: 164110 Second Thought
Howard Gardner - Excellence, Engagement and Ethics
 
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Howard Gardner is the John H. and Elisabeth A. Hobbs Professor of Cognition and Education at the Harvard Graduate School of Education. He also holds positions as Adjunct Professor of Psychology at Harvard University and Senior Director of Harvard Project Zero. Among numerous honors, Gardner received a MacArthur Prize Fellowship in 1981 and the University of Louisville’s Grawemeyer Award in Education in 1990. He has received honorary degrees from thirty colleges and universities, including institutions in Bulgaria, Chile, Greece, Hong Kong, Ireland, Israel, Italy, South Korea, and Spain. He has twice been selected by Foreign Policy and Prospect magazines as one of the 100 most influential public intellectuals in the world. In 2011, Gardner received the Prince of Asturias Award for Social Sciences, and in 2015, he was awarded the Brock International Prize in Education. The author of thirty books translated into thirty-two languages, and several hundred articles, Gardner is best known in educational circles for his theory of multiple intelligences, a critique of the notion that there exists but a single human intelligence that can be adequately assessed by standard psychometric instruments. During the past two decades, Gardner and colleagues at Project Zero have been involved in the design of performance-based assessments; education for understanding; the use of multiple intelligences to achieve more personalized curriculum, instruction, and pedagogy; and the quality of interdisciplinary efforts in education. Since the middle 1990s, in collaboration with psychologists Mihaly Csikszentmihalyi and William Damon, Gardner has directed the Good Project, a group of initiatives that investigate work, collaboration, citizenship, digital life, and more. Recently, with long time Project Zero colleagues Lynn Barendsen and Wendy Fischman, he has conducted reflection sessions designed to enhance the understanding and incidence of good work among young people. With Carrie James and other colleagues at Project Zero, he is also investigating the ethical dimensions entailed in the use of the new digital media. Among new research undertakings are a study of effective collaboration among non-profit institutions in education; a study of conceptions of quality, nationally and internationally, in the contemporary era; and a major study of the traditional 4-year residential college experience. His latest book with co-author Katie Davis, The App Generation: How Today’s Youth Navigate Identity, Intimacy, and Imagination in the Digital World, was published in October 2013. In 2014, in honor of Gardner’s 70th birthday, his Festschrift entitled Mind, Work, and Life was published and is available for free electronically.
Behavioral Economics - Motivation for the Disposition Effect
 
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This video introduces the rationale behind the disposition effect- the tendency to sell winning stocks and hold losing stocks- via an investing thought exercise. As told to my students at Northeastern University. For more information and a complete listing of videos and online articles by topic or textbook chapter, see http://www.economistsdoitwithmodels.com/economics-classroom/ For t-shirts and other EDIWM items, see http://www.economistsdoitwithmodels.com/merch/ By Jodi Beggs - Economists Do It With Models http://www.economistsdoitwithmodels.com Facebook: http://www.facebook.com/economistsdoitwithmodels Twitter: http://www.twitter.com/jodiecongirl Tumblr: http://economistsdoitwithmodels.tumblr.com
Views: 818 jodiecongirl
Pressure mounts on Theresa May to agree to 3 month BREXIT extension
 
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The Duran – News in Review – Episode 181. The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris take a look at how the EU, in coordination with forces inside the British Parliament, are pushing for Theresa May to agree to a three month "Brexit day" extension. According to a Bloomberg (https://www.bloomberg.com/news/articles/2019-02-22/theresa-may-is-said-to-face-calls-to-quit-within-three-months), Theresa May must resign as British prime minister and Conservative leader later this year after delivering Brexit, according to politicians at the highest levels of her own government.  May has promised her party she will stand down before the next general election, slated for 2022, but she’s likely to face pressure to go within the next three months. Once the U.K. is out of the European Union, and local district elections on May 2 are over, the premier will have no reason to stay in office, one senior minister said, speaking privately. Britain is scheduled to leave the bloc on March 29. A person familiar with another minister’s views agreed with the timescale, arguing that the prime minister should leave in the summer, so a new leader can be in place in time for the party’s annual conference in October. A third senior member of May’s administration pointed out that Tories had no way of formally seeking to remove May before December under the party’s internal leadership rules. May will never voluntarily resign, despite her previous pledge, the person said. ***** ▶️ SUPPORT US ON PATREON: https://www.patreon.com/theduran ▶️ VISIT. Bookmark our site: http://theduran.com ▶️ BUY. Pass by our shop and pick up a t-shirt: http://drnshop.com ▶️ DONATE. Every little bit helps us broadcast: https://www.paypal.me/theduran/10 NEW VIDEO NOTIFICATIONS 🔴 Subscribe to The Duran Channel on Blankchat. Android: https://play.google.com/store/apps/details?id=com.blankchat_v2.app iPhone: https://itunes.apple.com/us/app/blankchat/id942264796?mt=8 AUDIO: 🔴 Listen to our podcast on Apple iTunes: https://itunes.apple.com/us/podcast/the-duran-podcast/id1442883993 🔴 Listen to our podcast on Soundcloud: https://soundcloud.com/user-901836666 VIDEO: 🔴 Subscribe to our YouTube channel: https://www.youtube.com/theduran 🔴 Subscribe to our BitChute Channel: https://www.bitchute.com/theduran/ 🔴 Subscribe to our Brighteon Channel: https://www.brighteon.com/channel/theduran SOCIAL: 🔴 Find us on Gab: https://gab.ai/TheDuran 🔴 Follow us on Minds: https://www.minds.com/theduran 🔴 Like us on Facebook: https://www.facebook.com/thedurancom 🔴 Follow us on Twitter: https://twitter.com/theduran_com ***** #Brexit #May #EU #TheDuran
Views: 21009 The Duran
Behavioural economics has its nobel moment but take it with a pinch of salt
 
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Behavioural economics has received the ultimate accolade. Richard Thaler of the University of Chicago Business School has been awarded the Nobel Prize in economics for his work in this area. Economics over the past 20 to 30 years has become far more empirical. Leading academic journals do still carry purely theoretical articles, but far less than they once did. Read more The academic behind nudge theory has won the 2017 Nobel Economics Prize This shift towards the empirical takes two forms. Major advances have taken place in the heavy duty statistical theory of analysing large scale databases containing information on individuals and their decisions. This was recognised when James Heckman and Daniel McFadden were awarded the Nobel Prize in 2000. Behavioural economics is much less technical. In any given situation, the decision which a purely rational person would take is identified. We then look how people actually behave, and see if there are any deviations from the rational way of doing things. Perhaps the main finding of behavioural economics is socalled prospect theory, first set out nearly 40 years ago by Daniel Kahneman. In essence, prospect theory says that people dislike making losses more than they like making gains of the same amount. Another important discovery is that, when weighing up how to value future costs and benefits, people often place much more weight on the present and very immediate future than standard economic theory assumes. Last month I wrote about ... Thank for watching, Please Like Share And SUBSCRIBE!!!
Views: 3 Brian Kontur
Making Sense with Sam Harris #34 — The Light of the Mind (with David Chalmers)
 
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In this episode Sam Harris speaks with philosopher David Chalmers about the nature of consciousness, the challenges of understanding it scientifically, and the prospect that we will one day build it into our machines. David Chalmers is Professor of Philosophy and co-director of the Center for Mind, Brain, and Consciousness at New York University, and also holds a part-time position at the Australian National University. He is well-known for his work in the philosophy of mind, especially for his formulation of the “hard problem” of consciousness. His 1996 book The Conscious Mind: In Search of a Fundamental Theory was successful with both popular and academic audiences. Chalmers co-founded the Association for the Scientific Study of Consciousness and has organized some of the most important conferences in the field. He also works on many other issues in philosophy and cognitive science, and has articles on the possibility of a “singularity” in artificial intelligence and on philosophical issues arising from the movie The Matrix. Do you find the Making Sense podcast valuable? You can support the show directly at: https://samharris.org/subscribe Supporters get access to Sam's "Ask Me Anything" episodes, advance tickets to live events, and other exclusive content. More information at https://www.samharris.org -- Subscribe to the podcast on YouTube: https://www.youtube.com/user/samharrisorg Follow Sam on Twitter: https://twitter.com/samharrisorg Follow Sam on Facebook: https://www.facebook.com/Samharrisorg/
Views: 2604 Sam Harris
Quantum SHAPE-SHIFTING: Neutrino Oscillations
 
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Thanks to the Heising-Simons Foundation for supporting this video: http://www.heisingsimons.org CRAZY Double Pendulum Footnote: https://youtu.be/gbJYK7q5ejY Support MinutePhysics on Patreon! http://www.patreon.com/minutephysics Link to Patreon Supporters: http://www.minutephysics.com/supporters/ This video is about the phenomenon of neutrino oscillations, which is where neutrinos can change flavors (ie, change between electron, muon, or tau neutrinos) because those interaction states are in non-trivial superpositions of the free traveling/mass eigenstates (𝜈1, 𝜈2 and 𝜈3). MinutePhysics is on twitter - @minutephysics And facebook - http://facebook.com/minutephysics And Google+ (does anyone use this any more?) - http://bit.ly/qzEwc6 REFERENCES History of Neutrino Oscillations: https://arxiv.org/pdf/hep-ph/0610064.pdf Solar Neutrino Problem: https://en.m.wikipedia.org/wiki/Solar_neutrino_problem Neutrino Oscillation on Wikipedia: https://en.wikipedia.org/wiki/Neutrino_oscillation#Propagation_and_interference Current best fit data for the mixing of neutrinos: http://www.nu-fit.org/?q=node/139 Neutrino Mixing Matrix: https://en.wikipedia.org/wiki/Pontecorvo–Maki–Nakagawa–Sakata_matrix Neutrino Oscillation https://profmattstrassler.com/articles-and-posts/particle-physics-basics/neutrinos/neutrino-types-and-neutrino-oscillations/ Neutrino Masses paper: https://arxiv.org/pdf/1307.3518.pdf Neutral Particle Oscillation: https://en.wikipedia.org/wiki/Neutral_particle_oscillation Technical Intro to Neutrino Mass Mixing: http://pdg.lbl.gov/2015/reviews/rpp2015-rev-neutrino-mixing.pdf PROSPECT project: http://prospect.yale.edu/science Neutrino/nucleon deep inelastic scattering: https://www.nevis.columbia.edu/ccfr/index.html Minute Physics provides an energetic and entertaining view of old and new problems in physics -- all in a minute! Created by Henry Reich
Views: 524506 minutephysics
Behavioral Economics - A Brief Note on Predicting Stock Returns
 
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This video shows a brief discussion regarding how to think about the relationship between past and future stock returns. As told to my students at Northeastern University. For more information and a complete listing of videos and online articles by topic or textbook chapter, see http://www.economistsdoitwithmodels.com/economics-classroom/ For t-shirts and other EDIWM items, see http://www.economistsdoitwithmodels.com/merch/ By Jodi Beggs - Economists Do It With Models http://www.economistsdoitwithmodels.com Facebook: http://www.facebook.com/economistsdoitwithmodels Twitter: http://www.twitter.com/jodiecongirl Tumblr: http://economistsdoitwithmodels.tumblr.com
Views: 746 jodiecongirl
Collapse and Liberation: Politics at the Peak of the Anthropocene | Uri Gordon | TEDxLoughborough
 
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What if the long-term prospect for industrial civilization is not stabilisation, but a drawn-out collapse? In this talk I argue that this scenario is widely accepted today, even if not vocally admitted. Global capitalism and its puppet governments will never abandon their path of growth and profit, and the pattern of inaction on climate change and habitat destruction is most likely to continue. Those who act for social justice should therefore abandon any naïve expectation that the world’s rich and powerful countries will turn away from the path towards ecological disaster. But this does not mean resignation and passivity. Instead, we must think of ways to turn collapse into a process of liberation, yielding more – rather than less – freedom and equality. Uri Gordon (DPhil, Oxon.) is Lecturer in Politics at Loughborough University. A veteran environmental and peace activist, he is author of the book ‘Anarchy Alive! – Anti-authoritarian politics from practice to theory’ and numerous articles on radical theory, technological politics and environmental history. His work has been translated into thirteen languages. Twitter: @anarchyalive This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at http://ted.com/tedx
Views: 1064 TEDx Talks
Behavioral Economics - Disposition Effect Evidence Results
 
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This video describes the main results used to document the disposition effect in stock-market behavior, specifically relating to Terrance Odean's paper "Are Investors Reluctant to Realize Their Losses?" As told to my students at Northeastern University. For more information and a complete listing of videos and online articles by topic or textbook chapter, see http://www.economistsdoitwithmodels.com/economics-classroom/ For t-shirts and other EDIWM items, see http://www.economistsdoitwithmodels.com/merch/ By Jodi Beggs - Economists Do It With Models http://www.economistsdoitwithmodels.com Facebook: http://www.facebook.com/economistsdoitwithmodels Twitter: http://www.twitter.com/jodiecongirl Tumblr: http://economistsdoitwithmodels.tumblr.com
Views: 557 jodiecongirl
Baumeister experiments
 
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click the link below to go to the article that describes the experiment. http://www.wsj.com/articles/SB10001424052748703478704574612052322122442
NOMURA SPEAKS ON ROXAS RETURNING IN KINGDOM HEARTS 3!
 
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PAPA NOMURA TALKS ABOUT THE PROSPECT AND NARRATIVE ON ROXAS RETURNING IN KINGDOM HEARTS 3!!! Source - http://www.ign.com/articles/2017/07/18/8-cool-things-we-learned-about-kingdom-hearts-3-at-d23-expo Join the Hectic Force! - http://bit.ly/1ZZdZSY Stay up to date with all my posts! Like on Facebook! http://www.facebook.com/HecticHMK Follow on Twitter! https://twitter.com/hmkilla Live on Twitch! http://www.twitch.tv/hmkilla Follow on Google+ https://plus.google.com/+HMK9CAPN Support HMK on Patreon! Awesome Rewards! https://www.patreon.com/HMK SEND ME STUFF! PO Box 612313 Miami, FL 33261 VG Metal Tracks - https://www.youtube.com/channel/UCtZH-VpdKcaWq3x_4_u4FpA HMK Shirts and Merch! - http://hectichmk.spreadshirt.com/ I use XSPLIT for all my streams! If you want to get into live streaming grab Xsplit! use the code "HMK" for 10% off a license! https://www.xsplit.com/buy?pp=WWW_NAVBAR Are You a Content Creator? Join Maker Studios Today! http://awe.sm/jJed8 Royalty Free Music by http://audiomicro.com/royalty-free-musicSound Effects by http://audiomicro.com/sound-effects #KingdomHearts #KingdomHearts3 #KingdomHeartsIII #KH3
Views: 29214 HMK
What is IDENTITY ECONOMICS? What does IDENTITY ECONOMICS mean? IDENTITY ECONOMICS meaning
 
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What is IDENTITY ECONOMICS? What does IDENTITY ECONOMICS mean? IDENTITY ECONOMICS meaning - IDENTITY ECONOMICS definition - IDENTITY ECONOMICS explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. SUBSCRIBE to our Google Earth flights channel - https://www.youtube.com/channel/UC6UuCPh7GrXznZi0Hz2YQnQ Identity economics captures the idea that people make economic choices based on both monetary incentives and their identity: holding monetary incentives constant, people avoid actions that conflict with their concept of self. The fundamentals of identity economics was first formulated by Nobel Prize–winning economist George Akerlof and Rachel Kranton in their article "Economics and Identity," published in Quarterly Journal of Economics. This article provides a framework for incorporating social identities into standard economics models, expanding the standard utility function to include both pecuniary payoffs and identity utility. The authors demonstrate the importance of identity in economics by showing how predictions of the classic principal-agent problem change when the identity of the agent is considered. Akerlof and Kranton provide an overview of their work in the book "Identity Economics," published in 2010. In the book, they provide a layman's approach to Identity Economics and apply the concept to workplace organization, gender roles, and educational choice, summarizing several previous papers on the applications of Identity Economics. While this macro-economic theory deals exclusively with already well established categories of social identity, Laszlo Garai when applied the concept of social identity in economic psychology takes into consideration identities in statu nascendi (i.e. in the course of being formed and developed). This theory that is referred to the macro-processes based on a "large-scale production" later gets applied to the individual creativity's psychology: Garai derived it from the principal's and, resp., agent's "identity elaboration". A further special feature of Garai's theory on social identity is that it resolved the contradiction between the inter-individual phenomena studied by the social identity theories and the intra-individual mechanisms studied by the brain theories: L. Garai presented a theory on an inter-individual mechanism acting in the world of social identity. The theory that was referred in the beginning to the macro-processes based on a large-scale production later has been applied by Garai to the micro-processes of individual creativity. Following papers have used social identity to examine a variety of subjects within economics. Moses Shayo uses the concept of social identity to explain why countries with similar economic characteristics might choose substantially different levels of redistribution. The paper won the 2009 Michael Wallerstein Award, given to the best article published in the area of political economy. Daniel Benjamin, James Choi, and Joshua Strickland examine the effect of social identity, focusing on ethnic identity, on a wide range of economic behavior. For a review of papers that study economics and identity, see articles by Claire Hill (2007) and John Davis (2004).
Views: 347 The Audiopedia
The Status of the Fire-Ravaged Notre Dame Cathedral
 
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Articles: https://www.i24news.tv/en Live: https://video.i24news.tv/page/live?clip=5a94117623eec6000c557fec  Replay: https://video.i24news.tv/page/5a97b81f23eec6000c55857d?utm_source=youtube.com&utm_medium=social&utm_campaign=the_rundown&utm_content=en2  Facebook: https://www.facebook.com/i24newsEN/ Twitter: https://twitter.com/i24NEWS_EN Instagram: https://www.instagram.com/i24news/ THE RUNDOWN | With the fire at the Notre Dame cathedral having ravaged the roof and damaged key parts of the church, what will be the status of it in the near future? Is part of it beyond repair? Journalist Eduardo Cue analyzes. Story: President Emmanuel Macron on Tuesday vowed to rebuild Notre-Dame cathedral 'even more beautifully' within five years, as France reeled with shock from the fire that gutted the great Paris landmark. Macron announced the fast timescale — for a process some experts said would take decades — in an address to the nation where he hailed how the disaster had shown the capacity of France to mobilize and unite. Pledges worth around 700 million euros ($790 million) have already been made Tuesday from French billionaires and businesses to restore the Gothic masterpiece. Most of the roof has been destroyed, its steeple has collapsed and an unknown number of artifacts and paintings have been lost. The main organ, which had close to 8,000 pipes, has also suffered damage. But the cathedral's walls, bell towers and the most famous circular stained-glass windows at France's most visited tourist attraction remain intact. Junior interior minister Laurent Nunez said that 'some weaknesses' have been identified in the structure of the fire-ravaged cathedral, but overall the monument 'is holding up ok'.  Donations and offers of help began to pour in on Tuesday as day broke over the City of Light, revealing the extent of the damage from the fire which took around 15 hours to extinguish. Even before the French government launched their plans to rebuild, money from private donors and organizations had already raked in hundreds of millions of dollars. French luxury group Kering, whose brands include Yves Saint Laurent and Gucci, kicked off the campaign late Monday with a promise of 100 million euros ($113 million). That was followed Tuesday by a 200-million-euro pledge from its crosstown rival LVMH and the family of its founder Bernard Arnault. The chief executive of French oil giant Total said the firm would contribute 100 million euros. Other high-profile French donors so far included the investor Marc Ladreit de Lacharriere with 10 million euros, and construction magnates Martin and Olivier Bouygues, also with 10 million euros. Pledges were also pouring in from anonymous donors to groups including the privately run French Heritage Foundation, which said it had already secured pledges totalling 1.6 million euros. On a more modest scale, a fund set up by an 'anonymous Parisian' on the Leetchi fundraising platform had topped 20,000 euros at midday Tuesday. And the Hungarian city of Szeged promised to donate 10,000 euros to the reconstruction effort, in recognition of the help it received from the French capital after a devastating flood in 1879. Paris Mayor Anne Hidalgo on Tuesday proposed organizing an international donor conference to coordinate the pledges to restore the gothic architectural masterpiece. The United Nations' cultural agency UNESCO has also promised to stand 'at France's side' to restore the site, which it declared a world heritage site in 1991.
Views: 13346 i24NEWS English
Jack Balkin: The Recent Unpleasantness: How to Understand the Cycles of Constitutional Time
 
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The Addison C. Harris Lecture with Jack Balkin The Recent Unpleasantness: How to Understand the Cycles of Constitutional Time Abstract: The 2016 election and the first year of the Trump Administration have been chaotic, uncertain times. To understand recent events in American constitutional politics, we have to think about constitutional development in terms of a series of overlapping cycles. In this lecture, Professor Balkin explains why recent events have unfolded in the way they have, and what the future holds in store. Bio: Jack Balkin is the Knight Professor of Constitutional Law and the First Amendment at Yale Law School. He is the founder and director of Yale’s Information Society Project, an interdisciplinary center that studies law and new information technologies. He also directs the Abrams Institute for Freedom of Expression, and the Knight Law and Media Program at Yale. Professor Balkin is a member of the American Academy of Arts and Sciences and the author of over a hundred articles in different fields, including constitutional theory, Internet law, freedom of speech, reproductive rights, jurisprudence, and the theory of ideology. He founded and edits the group blog Balkinization, and has written widely on legal issues for such publications as the New York Times, the New England Journal of Medicine, the American Prospect, the Atlantic, Washington Monthly, the New Republic, and Slate. His books include Living Originalism; Constitutional Redemption: Political Faith in an Unjust World; The Constitution in 2020 (with Reva Siegel); Processes of Constitutional Decisionmaking (5th ed. with Brest, Levinson, Amar, and Siegel); Cultural Software: A Theory of Ideology; The Laws of Change: I Ching and the Philosophy of Life; What Brown v. Board of Education Should Have Said; and What Roe v. Wade Should Have Said.
Views: 2134 IU Maurer
The MOST INSANE Basketball Player Story: Alex Owumi
 
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We always hear about the success stories of NBA players, but they are only a very small percentage of basketball players who made it. For the other 99% of players, they're forced to play basketball elsewhere, and sometimes it can lead to a life or death situation. I make all kinds of NBA videos which include trivia, player stories, rankings, conspiracies, mysteries, and 'What If' videos. Make sure to leave a like and subscribe if you enjoyed this video! ► Twitter: @AndyHoopsYT ► Music: EDM Tropical House by Lyfo (link to song - https://www.youtube.com/watch?v=V-ZVhAlxkgg) Spirit Garden by Gavin Luke (http://www.epidemicsound.com) Hiding in Darkness by Magnus Ringblom (http://www.epidemicsound.com) ► Sources: http://archive.boston.com/sports/schools/articles/2012/04/09/globe_scholar_athletes_represent_boston_best/ http://www.slamonline.com/other-ballers/international/story-alex-owumi/#Dk6XptAGe7dds1dS.97 http://www.espn.com/mens-college-basketball/story/_/id/6912465/alex-owumi-escapes-libyan-civil-war-finds-hoops-haven-college-basketball http://www.bbc.com/news/magazine-25933297 #nba
Views: 218151 Andy Hoops