15 Essential Concepts in Behavioral Economics in 7 Minutes Each

15 Essential Concepts in Behavioral Economics in 7 Minutes Each

Unlocking the Subconscious Influences on Decision-Making for Everyday Life and BusinessBy Nietsnie Trebla
Michael Caine
Listen with Sir Michael Caine™ and 1,000+ voices
Length2h 6m

About this audiobook

Unlock the intriguing world of behavioral economics with '15 Essential Concepts in Behavioral Economics in 7 Minutes Each', a concise and engaging guide designed for readers who seek to understand the complexities of decision-making in just a few short minutes. This book demystifies key principles that govern human behavior and economic choices, making them accessible to everyone, from students to seasoned professionals. Each chapter of this book presents a fundamental concept in behavioral economics, carefully crafted to be digestible in a brief seven-minute read. These concepts are not just theoretical; they are woven into the fabric of our everyday lives, influencing how we shop, invest, and interact with others.

Audiobook details

GenreBusiness and Economics
Length2 hrs 6 mins
Narrated byListen with 1,000+ voices
FormateBook with Audio
Publish dateMar 1, 2025
LanguageEnglish

Table of contents

1Introduction
11Mental Accounting: How We Categorize Money
2Foreword
12The Sunk Cost Fallacy: Sticking to Bad Decisions
3Introduction
13Social Norms: The Influence of Others on Our Choices
4The Invisible Hand: A Behavioral Perspective
14The Availability Heuristic: Judging Risk by Memory
5Loss Aversion: The Pain of Losing vs. the Pleasure of Gaining
15Present Bias: The Struggle Between Now and Later
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6The Endowment Effect: Valuing What We Own
16Choice Overload: When Too Many Options Lead to Paralysis
7Anchoring: How First Impressions Set Expectations
17Reciprocity: The Principle of Mutual Exchange
8The Status Quo Bias: Fear of Change
18Horizon Bias: How the Future Shapes Our Decisions
9Overconfidence: The Dangers of Self-Assurance
19See you next time!
10Framing Effects: The Power of Presentation

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