Many of you know that I like behavioral economics. Here is a short video (with Dan Ariely from Duke University) which explains what it is. http://www.youtube.com/watch?v=Fa-mIosWOK8
If you want to learn more about behavioral finance and the role of Psychology, here is a long and popular video (viewed 80,000 times!) of a class of Robert Shiller, Professor of Economics at Yale University.
This video shows:
-The stock market and the random walk looks the same
-Some charts of the stock market since 1870, including some comments about the great depression
-Human behavior and the role of overconfidence (for men and women) with some experiments
-Prospect/Utility Theory-How people make choices…
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