Enroll Course: https://www.udemy.com/course/behavioral_economics/
Have you ever found yourself succumbing to a “buy one, get one free” deal, even when you didn’t need the second item? Or perhaps you’ve put off an important task, telling yourself you’ll do it ‘later’? These seemingly small, irrational choices are precisely what Udemy’s ‘Behavioral Economics’ course delves into. This course offers a fascinating exploration into why we humans, despite our best intentions, often make decisions that aren’t purely logical, but rather driven by emotions and cognitive biases.
The course kicks off by highlighting a common scenario: comparing two discounts. Would you rather get 500 yen off a 1,500 yen item, or 999,000 yen off a 1,000,000 yen item? Logically, both offer the same discount. Yet, most of us perceive the 500 yen discount as more appealing. This is a classic example of how our emotional responses and cognitive framing influence our choices, a core concept in behavioral economics.
The instructor then presents a series of thought-provoking questions, such as “Do you find yourself buying unnecessary clothes during sales?” or “Do you feel compelled to finish a book you’ve started, even if you’re not enjoying it?” The course reveals that many of our deeply held beliefs about our decision-making processes are, in fact, flawed. By understanding the principles of behavioral economics, we can begin to identify and potentially mitigate these ‘bad habits’ that lead to overspending, procrastination, and other suboptimal outcomes.
Whether it’s understanding why you overspend at sales or why you might make poor investment decisions, this course provides the ‘why’ behind our often illogical actions. It’s not just about recognizing these patterns; it’s about gaining insights that could potentially lead to a more fulfilling and financially sound life. Even if the direct financial benefits aren’t immediately apparent, the knowledge gained is incredibly eye-opening and makes for fascinating conversation. If you’ve ever wondered about the hidden forces that shape your decisions, this course is a must-take. It’s an invitation to understand yourself better and to discover the fascinating, often irrational, operating system that guides your daily life.
Enroll Course: https://www.udemy.com/course/behavioral_economics/