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Endowment effect: Easy explanation. [Video]

Endowment effect: Easy explanation.

In this video, you will learn about a concept in behavioural economics, the endowment effect.

#endowmenteffect #behavioraleconomics #wallstreetmojo #decisionmaking #finance

Chapters:
00:00 – Introduction
00:28 – What is the endowment effect?
01:17 – How does the endowment effect work?
02:26 – Example
03:35 – How to overcome the endowment effect?
04:36 – Conclusion

What is the endowment effect?
The endowment effect is a concept in behavioural economics that states that when a person owns something, they tend to value it more than when they don’t own it.

The endowment bias is a cognitive bias that ultimately increases the probability of you retaining a thing compared to the likelihood of you acquiring it.

(Explained in detail in the video)

How does the endowment effect work?
Because of the endowment effect, sellers may ask for a higher price for items they have used and owned. Unfortunately, this may often exceed the true value of the item.

But, the endowment effect can cause by three things: loss aversion, status quo bias, or even the psychological law of inertia.

Researchers also use other theories to define the endowment effect, like reference price theory and motivated taste change theory.

Example
An actual experiment by Daniel Kahneman, Jack Knetsch, and Richard Thaler led them to propound this endowment effect theory.

(Explained in detail in the video)

How to overcome the endowment effect?
If you want to avoid this effect, you need to look at things from an objective perspective rather than a subjective perspective.

Another way to avoid this bias is through the application of motivation.

Motivation is a psychological factor influencing consumer decision-making, and several industries use motivation-based strategies to change people’s feelings about things.

(Explained in detail in the video)

This is all about the endowment effect. We regularly come up with such content on finance. So, subscribe to the channel, and give this video a like.

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All about Stock halt- Part 2 [Video]

In this video, you will learn about stock halt, the reasons for it coming into force, and some advantages and disadvantages.#stockhalt #stockmarket #wallstreetmojo #stockexchange #regulatorChapters:00:00 – Introduction00:32 – What happens when a stock is halted?01:16 – Reasons for a halt02:11 – Advantages02:54 – Disadvantages03:27 – ConclusionWhat happens when a stock is halted?When a stock is halted, it cannot be traded on any exchange. Even brokers are restricted from buying or selling the stocks for themselves and their clients.Stock halts are not seen often; it happens only when the situation arises and is in place for a small period of time. Reasons for haltTrading in stock is halted because its price keeps increasing or decreasing a lot, and it becomes difficult to control. This happens when there’s a lot of volatility caused by many people speculating on the stock’s price.One primary reason for this behavior would be news releases. However, the SEC may also impose a stock halt if they discover that a company has been involved in some malpractices.AdvantagesThe most apparent advantage of a stock halt is that it protects stocks from becoming victims of panic buying or selling. By halting trading in a stock for a while, market participants are given time to re-evaluate and reconsider.(Explained in detail in the video)DisadvantagesIt is seen that after a stock’s price increases unprecedently, a halt is imposed, and after it is lifted, the price comes crashing down, showing no signs of stopping.This can cause losses to traders and investors that were unfortunately caught buying the top.This will be all for this video. Subscribe to the channel, like the video, and share it with others.==========================================================================Subscribe to Our Channel –Youtube https://www.youtube.com/channel/UChlNXSK2tC9SJ2Fhhb2kOUw?sub_confirmation=1LinkedIn https://www.linkedin.com/company/wallstreetmojo/Facebook https://www.facebook.com/wallstreetmojoInstagram https://www.instagram.com/wallstreetmojoofficial/Twitter https://twitter.com/wallstreetmojo

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5 Best Sports Betting Apps ★ 2022 | Online Sports Betting Tips [Video]

Discover the best 5 sports betting sites and apps. Here’re our picks for the 5 best sports betting sites, apps and sportbooks: 1. Bovada (bonus: $750): https://record.revenuenetwork.com/_4FiJyM5mQu397H-d5Ks7MGNd7ZgqdRLk/1/ 2. BetUS (Bonus: up to $2500): https://record.revmasters.com/_GDJId2cL3emhvo5nC3tZQ2Nd7ZgqdRLk/1/ 3. XBet (Bonus: up to $500): https://record.webpartners.co/_pI3eS84syUppj9fKdCJ9umNd7ZgqdRLk/1/ 4. BUSR (Bonus: up to $1000): https://record.webpartners.co/_pI3eS84syUrYGgllr3Vm5GNd7ZgqdRLk/1/ 5. MyBookie (Bonus: double first deposit): https://record.webpartners.co/_pI3eS84syUo-tw2NZ2I77WNd7ZgqdRLk/1/One of the most critical factors in sports betting success is finding the right sportsbook to bet at. Problem is, there are so many of them. It’s easy to lose time scanning the net for sports betting sites, time which could be better spent winning a few bucks on tonight’s game. Now, to help you quickly find the betting site best suited to your needs, we have tried and evaluated dozens of sites to come up with a list of 5 top sports betting sites. The above are our picks for the 5 best sports betting sites, apps, and sportsbooks. Note that we may earn a small commission from some of the links at no additional cost to you to help support this channel.

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Resources for Accountants

IFRS CPE Courses [Video]

Check out our IFRS CPE at - https://www.cpethink.com/ifrs-cpe-for-cpasToday, we're going to go over the IFRS CPE courses for CPAs course list on CPE think.com. IFRS, which stands for International Financial Reporting Standards refers to a set f International Accounting Standards in a global economy that US companies sometimes need to be aware of and how they compare to GAAP. We have 16 courses that deal with IFRS issues. We have comparison courses, business combination of several that we have a series here of seven courses that a lot of people have a lot of positive feedback on. We've got a comparison course here real short one, US GAAP versus IFRS new guidelines, new lease accounting standards and how that applies or how IFRS fits into that. And then US GAAP and IFRS revenue recognition and business combinations. Any questions? Click the chat bubble down in the lower right. Let us know. To Contact Us please go to https://www.cpethink.com/contact-us or just open a chat on any page on our site.