26 min listen
Ep. 15 - Scarcity and Loss Aversion
Ep. 15 - Scarcity and Loss Aversion
ratings:
Length:
31 minutes
Released:
Sep 30, 2022
Format:
Podcast episode
Description
We love to think that we act rationally most of the time, especially when it comes to the choices we make with our money. However, behavioral economics tells us that humans are notoriously irrational when dealing with money. Today we dive into two basic behavioral economic principles and discuss things to be aware of when it comes to money.
References:
Worchel, S., Lee, J., & Adewole, A. (1975). Effects of supply and demand on ratings of object value. Journal of personality and social psychology, 32(5), 906.
Novemsky, N., & Kahneman, D. (2005). The Boundaries of Loss Aversion. Journal of Marketing Research, 42(2), 119–128.
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This episode is sponsored by
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Send in a voice message: https://anchor.fm/noggin-psychologypodcast/message
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References:
Worchel, S., Lee, J., & Adewole, A. (1975). Effects of supply and demand on ratings of object value. Journal of personality and social psychology, 32(5), 906.
Novemsky, N., & Kahneman, D. (2005). The Boundaries of Loss Aversion. Journal of Marketing Research, 42(2), 119–128.
---
This episode is sponsored by
· Anchor: The easiest way to make a podcast. https://anchor.fm/app
---
Send in a voice message: https://anchor.fm/noggin-psychologypodcast/message
Support this podcast: https://anchor.fm/noggin-psychologypodcast/support
Released:
Sep 30, 2022
Format:
Podcast episode
Titles in the series (31)
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