ECOS3016 Summary Notes

Description

Comprehensive course summary notes including explanations, examples, diagrams, and equations. Topics covered include: - The standard model - Non-standard behaviour - Choice under certainty - Non-standard decision making - Endowment effect - Prospect theory - Loss aversion and applications - Non-standard beliefs - Gambler's fallacy - Choice under risk - Probability - Decision making under risk - Risk averse vs. risk seeking - Sure thing principle - Time discounting - Other-regarding preferences