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Cognitive Biases: Reference Dependence and Loss Aversion
Khan Academy
5
0
A ~5-minute video explaining how reference dependence and loss aversion are cognitive biases that cause us to deviate from rational economic models, with real-world examples. Features Dr. Laurie Santos of Yale University.
Subjects Covered:
Behavioral Economics
Psychology
Critical Thinking
Decision Making
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Resource Details
Platform:Khan Academy
Duration:5
Price:0
Category:Resources