EP 4: And The Key To Token Success? Behavioural Economics

Economics Design

English - April 10, 2020 11:23 - 25 minutes - 58.9 MB - ★★★★★ - 9 ratings
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Previous Episode: Economics Design Episode 3: Economics, Reinventing The World

Next Episode: EP 5: Token Economics Principle 2, Supply and Demand

So far, we focused on classic economics and how we can apply classic economics into the design of economics systems. In this episode, let's talk about a key underlying principle to manage the ecosystem, behavioural economics.

Economics design of the crypto ecosystems are in 2 layers. Layer 1 on classic economics and beautiful mathematical formulas. Layer 2 on behaviours of participants and actions.

In this episode, we will dive into

What behavioural economics is
Why are we like that? Why are we so prone to influence?
How can we apply behavioural economics applied to token economics?

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