| WEEK | # | Name | Duration (mins) |
TOPICS | LINK |
| 1 (Chapter 2 of textbook) |
1 | 01A | 38 | Introduction. Money lotteries. Attitudes to risk. | https://youtu.be/oqwS6VMjDjY |
| 2 | 01B | 50 | Insurance markets: basic
notions. |
https://youtu.be/MZ761TC8oFs | |
| 3 | 01C | 22 | Review and example |
https://youtu.be/a9WxyDV-B94 | |
| At minutes 7:50, 8:18 and 8:55 of Video 01C, there are three instances where I wrote h_D whereas I should have written d_D. | |||||
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| 2 (Chapter 3 of textbook) |
4 | 02A | 34 | Review
of attitudes to risk. Expected Utility Part 1 |
https://youtu.be/H-ZH2P66SEo |
| 5 | 02B | 24 | Expected Utility Part 2 | https://youtu.be/ZBWfjplk3Nc | |
| 6 | 02C | 42 | Expected Utility Part 3 | https://youtu.be/0QYt23hD0Hw | |
| 7 | 02D | 25 | "Paradoxes" and the role of Expected Utility Theory | https://youtu.be/qEBQAajCBmc | |
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| 3 (Chapter 4 of textbook) |
8 | 03A | 29 | Attitudes to risk and the shape of the utility function | https://youtu.be/kdFk8Gr1V44 |
| 9 | 03B | 47 | Measures of risk aversion |
https://youtu.be/qMIGw2X32D4 |
|
| 10 | 03C | 47 | Ranking lotteries in terms of risk. Stochastic dominance. | https://youtu.be/j5zR24VRsBo | |
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| 4 (Chapter 5 of textbook) |
11 | 04A | 47 | Binary lotteries and indifference curves | https://youtu.be/FGovuQ-8u5k |
| 12 | 04B | 46 | The demand for insurance and market equilibrium | https://youtu.be/hw3-lDGCuC4 | |
| 13 | 04C | 54 | Choosing from a menu of contracts | https://youtu.be/1aAvloWTOmw | |
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| 5 (Chapter 6 of textbook) |
14 | 05A | 50 | Principal-Agent relationships. Edgeworth box | https://youtu.be/S_lpBrDs8NM |
| 15 | 05B | 39 | Risk sharing and Pareto efficiency | https://youtu.be/EofLm9d4usM | |
| 16 |
05C | 54 | Pareto efficiency on the
boundary of the Edgeworth box. The case where initial wealth is positive. |
https://youtu.be/PXaPbZzb95o | |
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| 6 (Chapter 7 of textbook) |
17 |
06A | 33 | Probability and conditional probability | https://youtu.be/-t-X_ORSBIE |
| 18 |
06B | 26 | Adverse selection: Part 1 | https://youtu.be/8vlTAHtCWdQ | |
| 19 |
06C | 33 | Adverse selection: Part 2 | https://youtu.be/d6aFSHGvvKQ | |
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| 7 (Chapter 8 of textbook) |
20 |
07A | 34 | Adverse selection in insurance markets: Part 1 | https://youtu.be/eTFUf9Itl0c |
| 21 |
07B | 25 | Adverse selection in insurance markets: Part 2 | https://youtu.be/qXJGIjIfgHE | |
| 22 |
07C | 26 | Adverse selection in insurance markets: Part 3 | https://youtu.be/G9pPWHWDaf4 | |
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| 8 (Chapter 9 of textbook) |
23 |
08A | 43 | Signaling: Part 1 | https://youtu.be/4SiLG9n3u4I |
| 24 |
08B | 20 | Signaling: Part 2 | https://youtu.be/1cPw6KYUMWs | |
| 25 |
08C | 29 | Signaling: Part 3 | https://youtu.be/xCGZX-H6_tQ | |
| In video 08C at minute 13 the commentary stops for about 90 seconds. Keep watching: at minute 14:40 I go back to the earlier slide and restart the commentary. | |||||
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| 9 (Chapter 10 of textbook) |
26 |
09A | 32 | Insurance and moral hazard | https://youtu.be/J-MAZi279g8 |
| 27 |
09B | 40 | Moral hazard in insurance: the reservation utility locus |
https://youtu.be/bDnt4hN6_1k | |
| 28 | 09C | 23 | Moral
hazard in insurance: two examples |
https://youtu.be/g4_uIZDJiJ4 | |
| In video 09C two corrections: (1) at minute 9:33 the two expressions just written should both be equated to 98 and (2) at minute 15:34, I write 10ln(10,000 - hF) whereas it should have been 10ln(8,000 - hF); the calculations reflect the correct figure of 8,000. | |||||
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| 10 (Chapter 11 of textbook) |
29 |
10A | 27 | Moral hazard in Principal-Agent relationships | https://youtu.be/INeMxT8nB1I |
| 30 |
10B | 31 | Principal-Agent with moral hazard: Pareto efficiency - Part 1 | https://youtu.be/0dFgL1hap_A | |
| 31 |
10C | 57 | Principal-Agent with moral hazard: Pareto efficiency - Part 2 | https://youtu.be/p4M_mLZ-vRw | |
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