Currently writing Lecture III of XXV · Expected Utility, concluded · The Evidence Against It begins
Last revised Tuesday, the 8th of September
A ledger of recent edits, in reverse chronological order. Each line is a lecture the instructor has touched since the last reading.
- Tue, Sep 8 III — Expected Utility, concluded · The Evidence Against It begins Two applications that finish the standard model; what the numbers a utility function returns do and do not mean; how to say that one person is more risk averse than another; and then the first cracks, where the theory stops describing anybody. deck rewrite
- Tue, Sep 8 II — The Standard Model: Expected Utility What a lottery is and how to write one down; why expected value describes nobody in this room; what risk aversion means, as against what it feels like; and the first appearance of the utility function. deck rewrite
- Wed, Sep 2 I — Welcome to Behavioral Economics What this course is and how to succeed in it; what behavioral economics is, and is not; how each topic will unfold; and what this website does and doesn't know about you. deck rewrite