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Microeconomics

JoVE Business

Microeconomics

Video textbook for business education: Visualized concepts and real-world case studies

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20 Chapters

250+ Videos

1,700+ Multiple Choice Questions

Table of Contents

Chapter 1

Introduction to Microeconomics

10 Videos

13 Minutes

Introduction to Economics
1:19

Introduction to Economics

2.7K views

Micro vs Macro
1:30

Micro vs Macro

1.9K views

Need to Study Microeconomics
1:23

Need to Study Microeconomics

1.1K views

Trade-offs
1:25

Trade-offs

672 views

Opportunity Cost
1:20

Opportunity Cost

521 views

Market
1:21

Market

429 views

Production Possibility Frontier (PPF)
1:15

Production Possibility Frontier (PPF)

898 views

Rotations in PPF
1:18

Rotations in PPF

695 views

Shifts in PPF
1:21

Shifts in PPF

652 views

Positive and Normative Economics
1:17

Positive and Normative Economics

1.4K views

Chapter 2

Demand and its Elasticities

21 Videos

28 Minutes

Demand
1:26

Demand

861 views

Law of Demand
1:09

Law of Demand

833 views

Mathematical Representation of the Demand Curve
1:17

Mathematical Representation of the Demand Curve

449 views

Market Demand
1:19

Market Demand

299 views

Effect of Related Goods on Demand Curve: Substitutes
1:20

Effect of Related Goods on Demand Curve: Substitutes

382 views

Effect of Related Goods on Demand Curve: Complementary Goods
1:12

Effect of Related Goods on Demand Curve: Complementary Goods

621 views

Effect of Income on Demand Curve: Normal Goods and Luxury Goods
1:15

Effect of Income on Demand Curve: Normal Goods and Luxury Goods

494 views

Effect of Income on Demand Curve: Inferior Goods
1:26

Effect of Income on Demand Curve: Inferior Goods

268 views

Other Factors Affecting Demand
1:25

Other Factors Affecting Demand

182 views

Elasticity of Demand (E<sub>d</sub>)
1:20

Elasticity of Demand (Ed)

296 views

Ed through Percentage Method
1:18

Ed through Percentage Method

277 views

Degrees of Elasticity of Demand
1:25

Degrees of Elasticity of Demand

637 views

Degrees of Elasticity of Demand and the Demand Graph
1:28

Degrees of Elasticity of Demand and the Demand Graph

506 views

Ed through Mid-point Method
1:31

Ed through Mid-point Method

414 views

Elasticity and Slope
1:18

Elasticity and Slope

287 views

Elasticity of a Linear Demand Curve
1:28

Elasticity of a Linear Demand Curve

2.3K views

Effect of Close Substitutes on Elasticity of Demand
1:24

Effect of Close Substitutes on Elasticity of Demand

201 views

Effect of Necessities and Luxuries on Elasticity of Demand
1:17

Effect of Necessities and Luxuries on Elasticity of Demand

284 views

Effect of Time Horizon and Other Factor on Elasticity of Demand
1:21

Effect of Time Horizon and Other Factor on Elasticity of Demand

376 views

Cross-Price Elasticity of Demand
1:21

Cross-Price Elasticity of Demand

205 views

Income Elasticity of Demand
1:21

Income Elasticity of Demand

217 views

Chapter 3

Supply and its Elasticities

12 Videos

15 Minutes

Supply
1:19

Supply

338 views

Law of Supply
1:19

Law of Supply

408 views

Mathematical Representation of the Supply Curve
1:08

Mathematical Representation of the Supply Curve

225 views

Market Supply
1:21

Market Supply

265 views

Impact of Input Prices on Supply Curve
1:25

Impact of Input Prices on Supply Curve

410 views

Impact of Technology on Supply Curve
1:27

Impact of Technology on Supply Curve

291 views

Impact of Expectations of Future Prices on Supply Curve
1:11

Impact of Expectations of Future Prices on Supply Curve

669 views

Impact of Number of Sellers on Supply Curve
1:13

Impact of Number of Sellers on Supply Curve

437 views

Elasticity of Supply (E<sub>S</sub>)
1:28

Elasticity of Supply (ES)

203 views

Factors Affecting Elasticity of Supply
1:27

Factors Affecting Elasticity of Supply

375 views

Elasticity of Supply Through Percentage Method
1:05

Elasticity of Supply Through Percentage Method

170 views

Degrees of Elasticity of Supply
1:31

Degrees of Elasticity of Supply

294 views

Chapter 4

Market Equilibrium

8 Videos

10 Minutes

Market Equilibrium
1:16

Market Equilibrium

795 views

Surplus and Shortages
1:28

Surplus and Shortages

607 views

The Mathematics of Equilibrium
1:16

The Mathematics of Equilibrium

197 views

Effect of Shift in Demand Curve on Market Equilibrium
1:23

Effect of Shift in Demand Curve on Market Equilibrium

426 views

Effect of Shift in Supply Curve on Market Equilibrium
1:17

Effect of Shift in Supply Curve on Market Equilibrium

290 views

Simultaneous Shifts in Demand and Supply Curves I
1:23

Simultaneous Shifts in Demand and Supply Curves I

556 views

Simultaneous Shifts in Demand and Supply Curves II
1:20

Simultaneous Shifts in Demand and Supply Curves II

296 views

Price Gouging
1:20

Price Gouging

151 views

Chapter 5

Consumer Behavior

9 Videos

12 Minutes

Concept of Utility
1:29

Concept of Utility

424 views

Marginal Utility
1:09

Marginal Utility

385 views

Relationship between Total Utility and Marginal Utility
1:25

Relationship between Total Utility and Marginal Utility

706 views

The Consumer Preferences I
1:29

The Consumer Preferences I

255 views

The Consumer Preferences II
1:23

The Consumer Preferences II

240 views

Indifference Curves
1:28

Indifference Curves

285 views

Features of Indifference Curves I
1:23

Features of Indifference Curves I

180 views

Features of Indifference Curves II
1:19

Features of Indifference Curves II

297 views

Calculating Marginal Rate of Substitution
1:21

Calculating Marginal Rate of Substitution

519 views

Chapter 6

Producer Behavior

20 Videos

27 Minutes

Assumptions on Producer Behavior
1:29

Assumptions on Producer Behavior

233 views

Production Function
1:23

Production Function

209 views

Short run
1:14

Short run

115 views

Marginal Product I
1:19

Marginal Product I

174 views

Marginal Product II
1:22

Marginal Product II

158 views

Total Product and Average Product
1:26

Total Product and Average Product

182 views

Relation between Total Product, Marginal Product and Average Product
1:23

Relation between Total Product, Marginal Product and Average Product

648 views

Long Run
1:26

Long Run

104 views

Isoquants
1:31

Isoquants

114 views

Features of Isoquants
1:24

Features of Isoquants

207 views

Marginal Rate of Technical Substitution I
1:28

Marginal Rate of Technical Substitution I

394 views

Marginal Rate of Technical Substitution II
1:13

Marginal Rate of Technical Substitution II

103 views

Types of Isoquants
1:28

Types of Isoquants

384 views

Isocost Line I
1:08

Isocost Line I

175 views

Isocost Line II
1:19

Isocost Line II

133 views

Cost Minimization Point
1:27

Cost Minimization Point

238 views

Returns to Scale I
1:29

Returns to Scale I

105 views

Returns to Scale II
1:29

Returns to Scale II

106 views

Technological Change
1:26

Technological Change

164 views

Expansion Path and Long-Run Total Cost Curve
1:15

Expansion Path and Long-Run Total Cost Curve

331 views

Chapter 7

Costs

14 Videos

19 Minutes

Sunk and Opportunity Cost
1:16

Sunk and Opportunity Cost

244 views

Fixed and Variable Cost
1:21

Fixed and Variable Cost

220 views

Total Fixed, Total Variable, and Total Cost Curves
1:28

Total Fixed, Total Variable, and Total Cost Curves

384 views

Average Fixed, Average Variable, and Average Total Cost I
1:27

Average Fixed, Average Variable, and Average Total Cost I

282 views

Average Fixed, Average Variable, and Average Total Cost II
1:29

Average Fixed, Average Variable, and Average Total Cost II

190 views

Marginal Cost I
1:20

Marginal Cost I

148 views

Marginal Cost II
1:11

Marginal Cost II

269 views

Relationship between Average and Marginal Costs
1:24

Relationship between Average and Marginal Costs

1K views

Nature of Costs in the Long Run
1:27

Nature of Costs in the Long Run

140 views

Short-run vs Long-run: Average Costs
1:23

Short-run vs Long-run: Average Costs

144 views

Short-run vs Long-run: Marginal Costs
1:25

Short-run vs Long-run: Marginal Costs

390 views

Economies of Scale
1:25

Economies of Scale

151 views

Diseconomies of Scale
1:30

Diseconomies of Scale

139 views

Economies of Scope
1:26

Economies of Scope

183 views

Chapter 8

Perfect Competition

12 Videos

16 Minutes

Perfect Competition
1:25

Perfect Competition

293 views

Demand Curve in a Perfectly Competitive Market
1:19

Demand Curve in a Perfectly Competitive Market

353 views

Revenues in Perfect Competition
1:17

Revenues in Perfect Competition

231 views

Short-run Profit Maximization I
1:20

Short-run Profit Maximization I

295 views

Short-run Profit Maximization II
1:22

Short-run Profit Maximization II

261 views

Shut Down Point
1:19

Shut Down Point

204 views

Short-run Supply Curve in Perfect Competition
1:23

Short-run Supply Curve in Perfect Competition

259 views

Zero Economic Profit
1:27

Zero Economic Profit

496 views

Long-run Competitive Equilibrium I
1:30

Long-run Competitive Equilibrium I

249 views

Long-run Competitive Equilibrium II
1:20

Long-run Competitive Equilibrium II

120 views

Long-run Supply Curve in Perfect Competition
1:22

Long-run Supply Curve in Perfect Competition

583 views

Long-run Supply Curve in Increasing and Decreasing Cost Industries
1:28

Long-run Supply Curve in Increasing and Decreasing Cost Industries

384 views

Chapter 9

Monopoly

11 Videos

15 Minutes

Monopoly
1:13

Monopoly

314 views

Reasons for the Existence of Monopoly
1:27

Reasons for the Existence of Monopoly

359 views

Monopsony
1:25

Monopsony

210 views

Demand Curve under Monopoly
1:28

Demand Curve under Monopoly

594 views

Revenues in Monopoly
1:13

Revenues in Monopoly

332 views

Profit Maximization in Monopoly
1:21

Profit Maximization in Monopoly

220 views

Price Discrimination under Monopoly
1:25

Price Discrimination under Monopoly

1.9K views

Public Policy toward Monopolies: Antitrust Laws
1:20

Public Policy toward Monopolies: Antitrust Laws

224 views

Public Policy toward Monopolies: Regulation
1:24

Public Policy toward Monopolies: Regulation

299 views

Public Policy toward Monopolies: Public Ownership
1:21

Public Policy toward Monopolies: Public Ownership

277 views

Monopoly vs Perfect Competition
1:24

Monopoly vs Perfect Competition

360 views

Chapter 10

Monopolistic Competition

7 Videos

9 Minutes

Monopolistic Competition
1:24

Monopolistic Competition

217 views

Differentiated Products under Monopolistic Competition
1:26

Differentiated Products under Monopolistic Competition

380 views

Advertisement under Monopolistic Competition
1:20

Advertisement under Monopolistic Competition

383 views

MR, MC and Demand Curve under Monopolistic Competition
1:15

MR, MC and Demand Curve under Monopolistic Competition

347 views

Short-run Equilibrium under Monopolistic Competition
1:16

Short-run Equilibrium under Monopolistic Competition

1.4K views

Long-run Equilibrium under Monopolistic Competition
1:25

Long-run Equilibrium under Monopolistic Competition

1.3K views

Monopolistic vs Perfect Competition vs Monopoly
1:29

Monopolistic vs Perfect Competition vs Monopoly

239 views

Chapter 11

Oligopoly

14 Videos

20 Minutes

Oligopoly Competition
1:26

Oligopoly Competition

260 views

Type of Oligopoly: Collusive
1:12

Type of Oligopoly: Collusive

413 views

Type of Oligopoly: Non-Collusive
1:24

Type of Oligopoly: Non-Collusive

386 views

Oligopoly and its Unfair Practices
1:25

Oligopoly and its Unfair Practices

118 views

Public Policy under Oligopoly: Antitrust Laws
1:30

Public Policy under Oligopoly: Antitrust Laws

298 views

Differentiating Types of Markets
1:21

Differentiating Types of Markets

182 views

Bertrand Competition
1:30

Bertrand Competition

93 views

Nash Equilibrium of a Bertrand Oligopoly
1:30

Nash Equilibrium of a Bertrand Oligopoly

103 views

Cournot Competition
1:28

Cournot Competition

67 views

Equilibrium in a Cournot Oligopoly
1:30

Equilibrium in a Cournot Oligopoly

110 views

Stackelberg Competition
1:25

Stackelberg Competition

98 views

Stackelberg and First Mover Advantage
1:30

Stackelberg and First Mover Advantage

113 views

Differentiated Goods: Bertrand Competition
1:29

Differentiated Goods: Bertrand Competition

141 views

Equilibrium in a Differentiated-Products Bertrand Market
1:30

Equilibrium in a Differentiated-Products Bertrand Market

135 views

Chapter 12

Consumer Surplus, Producer Surplus, and Market Efficiency

8 Videos

11 Minutes

Consumer Surplus
1:15

Consumer Surplus

123 views

Consumer Surplus: Graphical Explanation
1:22

Consumer Surplus: Graphical Explanation

155 views

Producer Surplus for a Firm
1:27

Producer Surplus for a Firm

105 views

Producer Surplus: Graphical Explanation
1:22

Producer Surplus: Graphical Explanation

101 views

Shift in Supply Curve
1:28

Shift in Supply Curve

60 views

Shift in Demand Curve
1:29

Shift in Demand Curve

65 views

Supply and Demand, and Efficiency in a Perfectly Competitive Market I
1:21

Supply and Demand, and Efficiency in a Perfectly Competitive Market I

77 views

Supply and Demand, and Efficiency in a Perfectly Competitive Market II
1:25

Supply and Demand, and Efficiency in a Perfectly Competitive Market II

84 views

Chapter 13

Analysis of Competitive Markets

11 Videos

14 Minutes

Price Ceiling
1:24

Price Ceiling

131 views

Price Ceiling and Elastic Demand
1:14

Price Ceiling and Elastic Demand

104 views

Price Ceiling and Inelastic Demand
1:21

Price Ceiling and Inelastic Demand

94 views

Price Floor
1:17

Price Floor

73 views

Taxes
1:30

Taxes

95 views

Tax Size and Deadweight Loss
1:22

Tax Size and Deadweight Loss

170 views

Incidence of Tax I
1:18

Incidence of Tax I

66 views

Incidence of Tax II
1:22

Incidence of Tax II

68 views

Quotas
1:23

Quotas

153 views

Tariffs
1:20

Tariffs

157 views

Subsidy
1:19

Subsidy

160 views

Chapter 14

General Equilibrium Theory and Welfare Economics

22 Videos

31 Minutes

Partial Equilibrium Analysis
1:21

Partial Equilibrium Analysis

395 views

General Equilibrium Analysis
1:29

General Equilibrium Analysis

160 views

Social Welfare Function
1:26

Social Welfare Function

158 views

Drawback of Social Welfare Function
1:24

Drawback of Social Welfare Function

107 views

Pareto Efficiency
1:28

Pareto Efficiency

174 views

Edgeworth Box
1:27

Edgeworth Box

284 views

Exchange Efficiency: Gains from Trade I
1:25

Exchange Efficiency: Gains from Trade I

92 views

Exchange Efficiency: Gains from Trade II
1:29

Exchange Efficiency: Gains from Trade II

71 views

Prices and the Allocation of Goods
1:28

Prices and the Allocation of Goods

75 views

Exchange Efficiency: Consumption Contract Curve
1:24

Exchange Efficiency: Consumption Contract Curve

141 views

Input Efficiency I
1:26

Input Efficiency I

79 views

Input Efficiency II
1:15

Input Efficiency II

64 views

Input Efficiency III
1:28

Input Efficiency III

129 views

Input Efficiency: Production Contract Curve
1:25

Input Efficiency: Production Contract Curve

95 views

Derivation of Production Possibility Frontier
1:25

Derivation of Production Possibility Frontier

70 views

Output Efficiency
1:26

Output Efficiency

51 views

Output Efficiency: MRT
1:28

Output Efficiency: MRT

51 views

Output Efficiency: Achieving Output Efficiency
1:26

Output Efficiency: Achieving Output Efficiency

54 views

First Welfare Theorem I
1:28

First Welfare Theorem I

124 views

First Welfare Theorem II
1:29

First Welfare Theorem II

139 views

Second Welfare Theorem
1:21

Second Welfare Theorem

132 views

Lump-Sum Transfers
1:28

Lump-Sum Transfers

85 views

Chapter 15

Economics for Labor Markets

21 Videos

27 Minutes

Factors of Production
1:26

Factors of Production

117 views

The Demand for Labor: Firm
1:14

The Demand for Labor: Firm

88 views

The Competitive Profit Maximizing Firm's Demand for Labor: Assumptions
1:22

The Competitive Profit Maximizing Firm's Demand for Labor: Assumptions

73 views

The Marginal Product of Labor I
1:15

The Marginal Product of Labor I

110 views

The Marginal Product of Labor II
1:24

The Marginal Product of Labor II

95 views

The Value of the Marginal Product of Labor and the Demand for Labor
1:21

The Value of the Marginal Product of Labor and the Demand for Labor

243 views

The Competitive Firm's Decision to Hire Labor
1:14

The Competitive Firm's Decision to Hire Labor

86 views

The Market Demand for Labor
1:14

The Market Demand for Labor

81 views

The Market Supply of Labor
1:29

The Market Supply of Labor

82 views

Equilibrium in the Labor Market
1:22

Equilibrium in the Labor Market

159 views

Shift in Labor Demand I
1:18

Shift in Labor Demand I

105 views

Shift in Labor Demand II
1:30

Shift in Labor Demand II

84 views

Shift in Labor Supply
1:24

Shift in Labor Supply

93 views

Effect on Equilibrium: Shift in Labor Supply
1:17

Effect on Equilibrium: Shift in Labor Supply

66 views

Effect on Equilibrium: Shift in Labor Demand
1:14

Effect on Equilibrium: Shift in Labor Demand

54 views

The Trade-Off Between Work and Leisure
1:26

The Trade-Off Between Work and Leisure

261 views

Backward Bending Supply of Labor
1:13

Backward Bending Supply of Labor

102 views

The Other Factors of Production
1:17

The Other Factors of Production

79 views

Equilibrium Rent: The Market for Land
1:12

Equilibrium Rent: The Market for Land

81 views

Equilibrium Rent: The Market for Capital
1:12

Equilibrium Rent: The Market for Capital

57 views

Linkages Among the Factors of Production
1:12

Linkages Among the Factors of Production

115 views

Chapter 16

Externalities and Public Goods

21 Videos

29 Minutes

Externalities
1:20

Externalities

106 views

Private Cost and Benefit
1:16

Private Cost and Benefit

126 views

Social Cost and Benefit
1:25

Social Cost and Benefit

99 views

Negative Externalities
1:23

Negative Externalities

102 views

Positive Externalities
1:20

Positive Externalities

87 views

The Efficient Level of Pollution
1:19

The Efficient Level of Pollution

129 views

Price Mechanism: Taxes
1:24

Price Mechanism: Taxes

70 views

Price Mechanism: Subsidies
1:27

Price Mechanism: Subsidies

59 views

Quantity Mechanism: Quota
1:29

Quantity Mechanism: Quota

50 views

Price vs. Quantity-Based Interventions
1:20

Price vs. Quantity-Based Interventions

53 views

Tradable Permits Market
1:28

Tradable Permits Market

105 views

The Efficient Amount of Recycling I
1:30

The Efficient Amount of Recycling I

213 views

The Efficient Amount of Recycling II
1:29

The Efficient Amount of Recycling II

86 views

Coase Theorem
1:17

Coase Theorem

169 views

Private Goods and Common Resources
1:13

Private Goods and Common Resources

121 views

Club Goods and Public Goods
1:21

Club Goods and Public Goods

170 views

Important Public Goods
1:23

Important Public Goods

64 views

The Optimal Level of Public Goods
1:29

The Optimal Level of Public Goods

73 views

Free Rider Problem
1:27

Free Rider Problem

114 views

Tragedy of the Commons
1:18

Tragedy of the Commons

164 views

Property Rights
1:29

Property Rights

94 views

Chapter 17

Asymmetric Information and Moral Hazard

15 Videos

21 Minutes

Complete Information and Asymmetric Information: Meaning
1:26

Complete Information and Asymmetric Information: Meaning

121 views

Observable Quality
1:27

Observable Quality

74 views

The Lemons Problem: Sellers Have More Information
1:28

The Lemons Problem: Sellers Have More Information

97 views

The Lemons Problem: Adverse Selection in the Market for Used Cars
1:24

The Lemons Problem: Adverse Selection in the Market for Used Cars

141 views

Mitigating Lemons Problem I: Reducing Asymmetric Information
1:30

Mitigating Lemons Problem I: Reducing Asymmetric Information

66 views

Mitigating Lemons Problem II: Increasing the Average Quality in the Market
1:10

Mitigating Lemons Problem II: Increasing the Average Quality in the Market

57 views

Mitigating Lemons Problem III: Truthful Quality Reporting
1:29

Mitigating Lemons Problem III: Truthful Quality Reporting

61 views

Adverse Selection When Buyers Have More Information: The Market for Insurance
1:25

Adverse Selection When Buyers Have More Information: The Market for Insurance

90 views

Mitigating Adverse Selection in the Market for Insurance
1:28

Mitigating Adverse Selection in the Market for Insurance

54 views

Moral Hazard
1:19

Moral Hazard

85 views

Moral Hazard in the Market for Insurance
1:27

Moral Hazard in the Market for Insurance

77 views

Moral Hazard in the Banking Sector
1:22

Moral Hazard in the Banking Sector

76 views

Mitigating Moral Hazard
1:16

Mitigating Moral Hazard

71 views

Principal-Agent Relationships
1:26

Principal-Agent Relationships

63 views

Incentives in the Principal-Agent Relationship
1:25

Incentives in the Principal-Agent Relationship

45 views

Chapter 18

Game Theory

22 Videos

31 Minutes

Introduction to Game Theory
1:30

Introduction to Game Theory

215 views

Cooperative vs. Non-Cooperative Games
1:23

Cooperative vs. Non-Cooperative Games

327 views

Player and Strategies
1:28

Player and Strategies

90 views

Zero-Sum and Non-Zero-Sum Game
1:23

Zero-Sum and Non-Zero-Sum Game

580 views

Payoffs
1:27

Payoffs

88 views

Dominant and Dominated Strategies
1:29

Dominant and Dominated Strategies

167 views

Equilibrium in Dominant Strategies
1:30

Equilibrium in Dominant Strategies

85 views

Prisoner&#39s Dilemma I
1:18

Prisoner&#39s Dilemma I

113 views

Prisoner&#39s Dilemma II
1:30

Prisoner&#39s Dilemma II

73 views

Nash Equilibrium in One-Period Games
1:30

Nash Equilibrium in One-Period Games

77 views

Multiple Equilibria
1:30

Multiple Equilibria

67 views

Mixed Strategies
1:22

Mixed Strategies

142 views

The Maximin Strategy I
1:25

The Maximin Strategy I

192 views

The Maximin Strategy II
1:31

The Maximin Strategy II

78 views

Finitely Repeated Games
1:20

Finitely Repeated Games

67 views

Infinitely Repeated Games
1:28

Infinitely Repeated Games

116 views

Sequential Games
1:21

Sequential Games

87 views

Sequential Game: Backward Induction
1:24

Sequential Game: Backward Induction

102 views

Strategic Moves: Side Payments
1:28

Strategic Moves: Side Payments

69 views

Commitment
1:29

Commitment

234 views

Entry Deterrence: Credibility Applied
1:31

Entry Deterrence: Credibility Applied

124 views

Reputation
1:29

Reputation

81 views

Chapter 19

Behavioral Economics

9 Videos

12 Minutes

Behavioral Economics
1:28

Behavioral Economics

140 views

Biases I
1:21

Biases I

103 views

Biases II
1:30

Biases II

70 views

Heuristic
1:29

Heuristic

64 views

Availability Heuristic
1:18

Availability Heuristic

76 views

Representativeness Heuristic
1:29

Representativeness Heuristic

63 views

Anchoring Heuristic
1:26

Anchoring Heuristic

73 views

Prospect Theory: Certainty of Gains
1:26

Prospect Theory: Certainty of Gains

65 views

Prospect Theory: Isolation Effect
1:24

Prospect Theory: Isolation Effect

114 views

Chapter 20

Uncertainty

6 Videos

8 Minutes

Uncertainty and Expected Value
1:23

Uncertainty and Expected Value

88 views

Diminishing Marginal Utility of Income
1:28

Diminishing Marginal Utility of Income

104 views

Expected Income, Expected Utility, and Risk Aversion I
1:08

Expected Income, Expected Utility, and Risk Aversion I

72 views

Expected Income, Expected Utility, and Risk Aversion II
1:19

Expected Income, Expected Utility, and Risk Aversion II

47 views

Insurance and Diversification
1:24

Insurance and Diversification

79 views

Risk Neutral and Risk Loving
1:29

Risk Neutral and Risk Loving

69 views

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