Episode 6 part 2/4 excerpt – Prof Scott Huettel’s course, “Behavioral Economics: When Psychology and Economics Collide” on The Great Courses Plus website is an amazing course, and I would definitely recommend it to anybody interested in economics.
However – he reviews Jeremy Benthams claim that value is attributable to pain and pleasure, and then continues to deliver his own analysis as to what the fundamental variables are that we see as value.
I would have to disagree with both Prof Huettel and Jeremy Bentham.
If you’re interested in checking out Huettel’s course, here is the link: https://www.thegreatcoursesplus.com/behavioral-economics-when-psychology-and-economics-collide