USYD

Semester 2, 2017


ECOS3016 Summary Notes

14 pages

4,731 words

$34.00

1

Description

Comprehensive course summary notes including explanations, examples, diagrams, and equations. Topics covered include:
- The standard model
- Non-standard behaviour
- Choice under certainty
- Non-standard decision making
- Endowment effect
- Prospect theory
- Loss aversion and applications
- Non-standard beliefs
- Gambler's fallacy
- Choice under risk
- Probability
- Decision making under risk
- Risk averse vs. risk seeking
- Sure thing principle
- Time discounting
- Other-regarding preferences