Information failure and Rational Choice | Livestream | Aiming for A-A* Economics 2024 - Video

Join Geoff live for this fast-paced revision session on Information failure and rational choice

#aleveleconomics #tutor2ueconomics #alevels2024

VIDEO CHAPTERS
00:00 Introduction
04:03 Exam gold on information failure
06:29 MCQs
12:16 Information gaps & sub-optimal choices
16:17 Causes of information failure in the car insurance market
20:19 Causes of increases in car insurance premiums
24:41 Information failure in the fast fashion market
29:38 Bounded rationality
32:35 Heuristics in action
34:47 Akerlofs lemons
38:48 Overcoming information failure in the used car market

Hot topics for Paper 1 (2024)

Don't forget to catch this must-watch 8-minute video from Geoff on Paper 1 Hot Topics for 2024: packed with essential application. https://youtu.be/1uqrmQyeQ3A