This video surpassed my EXPECTATION!

You explained the concept better in 13 minutes than my lecturer managed in 3 hours. Thankyou!

Hands down, the best explanation of Prospect Theory. Thanks Ashley!

I never comment on how well things are explained in youtube videos but I had to on this one. Great job!

Explanation clearer than some professors’. Thank you.

What a fascinating concept. Impeccable explanation!

Such a nice explanation. made so simple to understand. It helped in my CMT Exam. People are occupied with junk stuff on the internet. Channels like this are Gems.

Explained the risk seeking in loss aversion excellently.

Wow thank you soooo much you explained this concept so well that I am not gonna forget this for sure , god I wish I had a teacher like you, your students are the luckiest.

This is mindblowing ngl

This is so clearly explained! This video should have had a lot more views than this

I would say that people fair loses more than they desire gains. not that they hate loses more than they love gains. there is quite difference and since we are talking about subjectivity and emotions, this should take into account. Thanks for the content.

Thank you for your brilliant explanation! I spent hours reading my notes and listened to lecturer online and still not clear. I understood it after listening for 5 minutes, great work Ashley!

Beautiful teacher, beautiful topic, am very inspiring to learn. Subscribed.

Someone who can actually explain stuff. Hats off to you and keep on doing what you do best

wow, this explanation answer a lot of social and psychological questions in human behavior. At least, the ones that I think of

These videos are incredibly well done and helpful! Great work and I hope you keep them coming!!

Very informative. Thank you so much!

This video had a lot of utility for me I feel like I own it. I really don't want to loose it so I saved it for free. ;)

Thank you for explaining this in such easy to understand manner. My MSc prof went too much of a complicated direction

Awesome! Ashley, you should consider breaking down the 1000 most important econ concepts in videos, labs, data, etc. and shut the field down completely:) from the 10,000 average to well below avg. professors that have butchered the learning pedagogy in the field the last 40yrs.. you can be the Khan Academy of Econ.. Seriously.. you could teach a course in how to teach econ..

You explain things perfectly. Thanks for the videos.

Thanks for explaining this so precisely!

That was an exceptional summary. Thank you :-)

beautiful explanation...

Ashley .. I am so fortunate to have stumbled upon this .. You are such an incredibly gifted teacher .. wanted to use this concept for a consumer behaviour problem .. is there a way to connect for further questions .. Thanks

Ashley you literally saved me. So clear, thanks a lot

Thank you for making the explanation so clear! :)

This is very good, thank you.

Great explanation

Thanks for a clear and easy-to understand explanation!

How does Prospect Theory differ from Expected Utility Theory? Also, for confirmation, if I am correct: 1) The function being relatively steep in the loss zone and relativelt horizontal in the gains zone explains loss aversion. 2) The 0,0 interval is the reference point. 3) The function being convex in the loss area and concave in the gains area explains risk aversion and risk seeking behaviour in different situations. Please correct me if I am wrong, thank you.

I love your channel, thank you!

Good teacher.

Excellent explanation Ashley

Great video! Thanks for the easy explanations and practical examples 😊

Similarly, Christmas bonus : most can relate with expectation management by bosses before performance payouts ;-)

clear and concise explanation. thanks

Thank you. The examples helped a lot.

Day before the exam, you just saved my grade!

Marvelous... Well explained..

this is very well explained! tq so much!

This covers the value function i propsect theory but not probability warping which is also important

Thank you very much

THANK YOU!

Awesome explanation!!

Great video, super useful

you are the best . Thank you so much

Preferring not to trade the pen for the mug because you have it, makes sense since you know how you feel about the pen, but you do not know quite how you feel about having the mug. It is not that these are not phenomena. It is the further declaration about what is rational that is questionable. The extra price you add to your bundle, is for covering the cost/risk of learning about other bundles/perhaps being wrong about its utility.

Thank you. Very Informative

Wow, thank you.

that was so good - thank you & very helpful!

Very good

Amazing! Thank you so much for this!

So well done

This is amazing!!

Great. Kind regards from São Paulo.

Thank you! really great content

Thank you

great explanation thank you!

Brilliant - thanks for the hard work :)

Thank you for your videos! Your examples help me a lot in understanding the materials. In this particular video, though, I haven't understood how the mug-pen example connects to the graph. According to my understanding, holding the assigned mug or pen makes the person more attached to it (thinking it is more valuable). Hence, they wouldn't trade it for something that value less (in their perspective). I do not see how this act of trading is like moving along the graph. If it is, then what the x-axis represents here?

Amazing!! Thank you

thanks so much

Good explanation Ashley! Could you pls shed light on Editing and Evaluation phase of the theory? Thanks…

Nice explanation!

good stuff

its a good explanation maam. can we measure prospect theory as a secondary data what are those variables?

really great！thank you！

really helpful thanks!!

Thank you 🙏

Replace pen and mug example with stocks of 2 diff cos, and everyone can relate

I Love you

What Behavioral Economics textbooks are using for these courses? Thaler, Wilkinson, et al?

Damn I thought I was smart by taking the sure bet😂