Watch The Economics of Uncertainty

The Economics of Uncertainty from The Great Courses Signature Collection is a fascinating educational series starring Connel Fullenkamp, a professor of economics and finance at Duke University. In this series, Fullenkamp delves into the complex and fascinating world of decision-making under uncertainty.

Throughout the course, Fullenkamp covers a wide range of topics related to economic uncertainty, including risk aversion, game theory, and the role of information in decision-making. He draws on a diverse range of examples and case studies to illustrate these concepts, from the history of insurance to real-world examples of strategic decision-making in business.

One of the key themes of the course is the idea that economic decisions are inherently uncertain, and that the best strategies for making these decisions involve taking into account the probabilities of various outcomes. Fullenkamp explains how we can use statistical techniques and other tools to estimate these probabilities, and how we can use this information to make better decisions in the face of uncertainty.

Another important theme of the course is the concept of risk aversion, which relates to how people are willing to take risks in different situations. Fullenkamp explores the different factors that can influence risk aversion, such as personal preferences and financial constraints, and he discusses strategies for managing risk in various contexts.

Throughout the course, Fullenkamp also touches on a variety of other topics related to decision-making, such as the role of emotions and cognition in the decision-making process, and the effects of social factors such as peer pressure and group dynamics.

One of the strengths of the course is the way that Fullenkamp takes complex concepts and makes them accessible to a broad audience. He uses clear language and accessible examples to help viewers understand the often-challenging concepts involved in decision-making under uncertainty.

Overall, The Economics of Uncertainty is an excellent resource for anyone who wants to learn more about decision-making under uncertainty, whether as a student of economics or as someone looking to make better decisions in their personal or professional life. With its engaging style, clear presentation of complex ideas, and practical insights into the psychology of decision-making, this course is sure to be a valuable learning experience for viewers of all levels.

The Economics of Uncertainty is a series that ran for 1 seasons (24 episodes) between May 29, 2015 and on The Great Courses Signature Collection