Concept

Preference (economics)

Related lectures (25)

Explores the state's role in market economy, resource allocation, income redistribution, and consumer optimization.

Explores Stated Preferences (SP) methods, choice models, and experimental design for predicting individual behavior and market demand.

Valuation of Impacts and Resources

Explores translating preferences into money, using WTP and WTA, revealed and stated preferences, and methods like travel cost and hedonic price.

Assessing Environmental Goods: Methods and Impacts

Discusses methods for assessing environmental goods, including damage and production function methods, and explores impacts of global warming on agricultural land values.

Climate Economics: Solar Radiation Management and Preference Change

Explores climate economics, solar radiation management, and preference change in the context of innovation and policy levers.

Consumer Preferences: Optimal Choices and Economic Effects

Explores consumer preferences, optimal choices, labor supply, and saving supply in microeconomics.

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Preference-based assessment: Valuation methods

Explores preference-based assessment in valuation methods, focusing on translating preferences into monetary values using concepts like willingness to pay (WTP) and willingness to accept (WTA).

Valuation of Priceless Resources and Impacts

Explores preference-based assessment methods for valuing priceless resources and impacts.

Need for Economic Growth: GDP and Happiness

Explores the relationship between economic growth, GDP, and happiness, highlighting the complexities of measuring well-being.

Choice Models: Predicting Consumer Behavior

Explores the use of choice models to predict consumer behavior in various contexts.

Optimal Betting Strategy

Explores the optimal betting strategy in a dynamic programming gambling problem, emphasizing risk preference impact.

Understanding Preference Elicitation

Explores preference elicitation, latent variables, and the impact of external events on decision-making.

Economic Discovery and Innovation

Explores economic discovery and innovation, showcasing how new ideas must grip the economy to transform society and improve living standards.

Demand and Supply Curves

Covers movements along and shifts of demand and supply curves, explaining price impacts and investment analysis principles.

Valuation of Priceless Resources and Impacts

Covers the valuation of environmental and human impacts, natural resources, and the challenges of assessing total economic value.

Internalizing External Costs

Explores internalizing external costs through taxes and subsidies, market equilibrium effects, and the role of information campaigns in influencing consumer behavior.

Climate Economics: Solar Radiation Management

Explores climate economics, focusing on solar radiation management and the challenges of changing preferences to mitigate climate change.

Market Mechanisms: Crowdfunding, Prediction Markets, Quadratic Voting

Explores crowdfunding, prediction markets, and quadratic voting as market-based mechanisms.

Lowimpact Food: From Idea to Sustainable Business

Explores the journey of Lowimpact Food founders from idea to sustainable business, focusing on reusing food byproducts and transforming mealworms into protein powder.