Jan12 EPF Behavioral Economics

Friday Jan 12 Unit 1
Behavioral Economics

Confirmation Bias

• Watch the short video then answer the question

https://www.youtube.com/watch?v=yxDDrEA497E

​1. Explain what is Confirmation Bias 2. How does Confirmation Bias Work?

Overconfidence

• Watch the short video then answer the question that follows

https://www.youtube.com/watch?v=GZmedqB4P1s

3. How does winning the lottery changes a person's happiness?

Hedonic Adaptation

• Watch the short video and answer the question that follows

https://www.youtube.com/watch?v=juO4zxsjSjw

4. How much money does a typical person need to make to be happy?

Watch the short video and answer the question that follows

https://www.youtube.com/embed/Y-s0_yD3NOw?start=0&end=325

5. Why does or doesn't more stuff increases happiness?

• Watch the short video and answer the question that follows

https://www.youtube.com/watch?v=avj9aHiU13g

6. How does social media makes us poor?