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Lecture 15: Utility from Beliefs; Learning I
Description
MIT 14.13 Psychology and Economics, Spring 2020
Instructor: Prof. Frank Schilbach
View the complete course: https://ocw.mit.edu/14-13S20
YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP63Z979ri_UXXk_1zrvrF77Q
In this video, the professor discusses why people miss information and fail to learn. People derive utility from (wrong) beliefs. Specifically the instructor explains anticipatory utility and ego utility.
License: Creative Commons BY-NC-SA
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