WEEK | # | Name | Duration (mins) |
TOPICS | LINK | |
1 (Chapters 2 and 3 of textbook) |
1 | 01A | 24 | Introduction: Part 1 | https://youtu.be/MvCGeopx6I8 | |
2 | 01B | 26 | Introduction: Part 2 | https://youtu.be/oth31zVd3Vk | ||
3 | 01C | 34 | Preferences and utility |
https://youtu.be/oP-j0MGjVKg | ||
4 | 01D | 43 | Acts, states and outcomes | https://youtu.be/dyersnGgfLs | ||
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2 (Chapters 3 and 4 of textbook) |
5 | 02A | 34 | More on acts, states and outcomes | https://youtu.be/Mumzwzmb010 | |
6 | 02B | 31 | Decision trees, money lotteries, risk neutrality | https://youtu.be/4v05QQU-qyA | ||
There is an error at minute 4:21 of Video 02B: I wrote "a and b" and "a and c" whereas it should have been "a and c" and "a and d". One more error at minute 6:20: I wrote z2>z1 whereas it should have been z1>z2. | ||||||
7 | 02C | 43 | More on decision trees | https://youtu.be/CERjKYBvNTw | ||
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3 (Chapter 5 of textbook) |
8 | 03A | 34 | Money lotteries, attitudes to risk, Expected Utility Part 1 | https://youtu.be/3Zyi9cX84to | |
9 | 03B | 23 | Expected Utility Part 2 | https://youtu.be/r2Arek4jp0c | ||
10 | 03C | 42 | Expected Utility Part 3 | https://youtu.be/BeVoRUZwX78 |
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4 (Chapter 6 of textbook) |
11 | 04A | 25 | "Paradoxes" and the role of Expected Utility Theory | https://youtu.be/RKtqf9xW1Rs | |
12 | 04B | 31 | Applications of Expected Utility | https://youtu.be/fk_NfkgM4wk | ||
13 | 04C | 23 | The Hurwicz index and the notion of Regret | https://youtu.be/9W0om0Rc9nM | ||
14 | 04D | 25 | More on MinMax Regret | https://youtu.be/vLhPy38cMzo | ||
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5 (Chapters 7 and 8 of textbook) |
15 | 05A | 28 | Conditional reasoning: the frequency approach | https://youtu.be/T7cUzHASvbc | |
16 | 05B | 57 | Probability, conditional probability and Bayes' rule | https://youtu.be/Hxz-hpJef3k | ||
17 | 05C | 50 | Examples revisited, Simpson's paradox | https://youtu.be/Vh9Pc_r1x8Y | ||
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6 (Chapter 9 of textbook) |
18 | 06A | 32 | Uncertainty and information. Free information is always valuable. | https://youtu.be/YZFmyjtbWLo | |
19 | 06B | 34 | Monetary outcomes and the value of perfect information (risk neutrality and risk aversion) | https://youtu.be/RSRwcYAe6ZA | ||
There is an error at minute 18:04 of Video 06B: I wrote ≥ whereas I should have written ≤ | ||||||
20 | 06C | 35 | Monetary outcomes and the value of imperfect information (risk neutrality and risk aversion) | https://youtu.be/amkPa4gahlA | ||
There is an error at minute 28:21 of Video 06C: at the bottom right-hand corner of the screen I wrote E[U(c)] > E[U(b)] whereas the inequality should have been reversed: E[U(c)] < E[U(b)] | ||||||
21 | 06D | 33 | The general case (non-monetary outcomes) | https://youtu.be/IwaG2nY8Bwo | ||
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7 (Chapter 10 of textbook) |
22 | 07A | 34 | Future value and present value of a sum of money | https://youtu.be/ABEBv9txeoM | |
23 | 07B | 57 | The discounted (or exponential) utility model | https://youtu.be/BcA5dPFOt2I | ||
24 | 07C | 40 | The hyperbolic utility model | https://youtu.be/jOaNtcY1fjI | ||
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8 (Chapter 11 of textbook) |
25 | 08A | 40 | The aggregation of individual preferences | https://youtu.be/qgpKiuausbo | |
26 | 08B | 33 | Arrow' axioms and Arrow's theorem | https://youtu.be/K4JJ1dwA98M | ||
27 | 08C | 54 | Some common decision procedures | https://youtu.be/FgFXS3ZyPpw | ||
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9 (Chapter 12 of textbook) |
28 | 09A | 48 | Social choice functions. The Gibbard-Satterthwaite theorem | https://youtu.be/Nz2BaAbSEhA | |
29 | 09B | 41 | More on manipulability | https://youtu.be/Dxx8gsTKAts | ||
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10 (Chapters 13, 9.4, 10.5 of textbook) |
30 | 10A | 49 | Biases in decision making | https://youtu.be/NJRkdPtyyHg | |
31 | 10B | 49 | What information is useful? Consulting an expert. | https://youtu.be/dbdNmGwjy7g | ||
32 | 10C | 30 | Sophisticated decision making with time-inconsistent preferences | https://youtu.be/12-qfrzb4b4 | ||
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