Richard Thaler just received the Nobel prize for this contribution to economics, financial market analysis and irrational decision making. I analyze Thaler’s concepts: the endowment effect, anchoring, hyperbolic discounting, mental accounting, misplacing, price targets and ask you 7 questions during the video that can really help you it seeing your behavioral mistakes and perhaps avoid them. If you are not irrational, then you will see how to take advantage of the irrational behavior of others on financial markets.
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