Behavioral Economics - The Probability Weighting Function

This video introduces the probability weighting function used in prospect theory and discusses some of its properties. As told to my students at Northeastern University. For more information and a complete listing of videos and online articles by topic or textbook chapter, see http://www.economistsdoitwithmodels.c... For t-shirts and other EDIWM items, see http://www.economistsdoitwithmodels.c... By Jodi Beggs - Economists Do It With Models http://www.economistsdoitwithmodels.com Facebook:   / economistsdoitwithmodels   Twitter:   / jodiecongirl   Tumblr:   / economistsdoitwithmodels