Dan Ariely, author of Predictably Irrational speaks about his work in this 16 minute video from February 2009. He introduces the idea of experimental testing of economic hypotheses, applying it to experienced utility and to cheating behaviour. He contrasts the experimental results on cheating with what is predicted by rational choice analysis and draws implications for ethics in the financial sphere. The video can be watched online, with transcripts in multiple languages, or downloaded in various formats.
Video and Audio Lectures in Experimental Economics
Five hours of lectures from a free online course that ran in 2012, broken up into chunks of about ten minutes. The video format combines a live-annotated slide presentation with a small window showing the speaker.
This is a five minute YouTube video, dating from June 2008 and featuring Dan Ariely talking about how his experience as patient suffering 70 percent burns led him to explore pain management and question how supposed rational choices can be irrational. It looks at how cognitive psychology can effect choices and behaviour, especially in the sphere of economics. The video is presented as part of the Predictably Irrational website, that promotes Ariely's book of the same title.
Audio from a public lecture by Prof. Dolan from 8 February 2011. He considers the evidence for the idea that people make decisions that go against their own well-being, and also explores policy implications. It lasts 72 minutes and can be listened to online or downloaded as an MP3.
Maps of bounded rationality : a perspective on intuitive judgement and choice is Daniel Kahneman's 2002 Nobel Prize lecture, reviewing psychological and behavioural perspectives on economic choice following from his pioneering work with Amos Tversky. Includes a summary of their 'prospect theory', an alternative to rational choice theory that is consistent with their empirically discovered judgement biases, and a review of evidence for the main heuristics and their associated biases. Available as text or as a video of the lecture.
Why do smart people make irrational decisions every day? Why do we repeatedly make the same mistakes when we make our selections? How do our expectations influence our actual opinions and decisions? Dan Ariely of MIT applies behavioural economics to these questions in this 75 minute podcast. This event was recorded on 17 March 2008 at the London School of Economics. It can be listened to online or downloaded as an mp3.