Framing & Mental Accounting: Segregate Gains, Integrate Losses
This lesson is part of the course
In this lesson
You value four pairs of outcomes once as separate events and once combined, using the value function, and derive the hedonic-editing rules: segregate gains, integrate losses, net out mixed outcomes.
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Lessons in this course
- Exponential vs Hyperbolic Discounting: β-δ Weights & Preference Reversals Locked
- Present Bias & Saving: a β-δ Saver vs a Commitment Device Locked
- The Value Function: Diminishing Sensitivity, Loss Aversion λ & Mixed Gambles Locked
- Probability Weighting: Decision Weights, Long Shots & Certainty Equivalents Locked
- Framing & Mental Accounting: Segregate Gains, Integrate Losses Locked
- Anchoring Experiment: Group Means, Effect Size d & the Anchoring Index Locked
- Defaults & Nudges: Opt-In vs Opt-Out Uptake, Uplift & a Confidence Interval Locked
- Decoy Effect & Choice Architecture: Share Shifts and a Policy Summary Locked