This video explains Prospect Theory, one of the foundational contributions of Behavioral Economics. I go over three important parts to Prospect Theory: (1) Loss aversion, (2) Reference point origin and (3) risk-seeking behavior in the negative realm / risk-averse behavior in the positive realm.

0:26 - Three Features
1:48 - Loss Aversion
5:57 - Reference point / Expectations
9:25 -