ECN 106 VIDEOS of Lectures on DECISION MAKING on YOUTUBE

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
.
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
.
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
.
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
.
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
.
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
.
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
.
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
.
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
.
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
.