reasoning

Veritasium explains Bayes' theorem with examples and introduces the 'Bayesian trap', where repeated events get mistaken for inevitable ones. It discusses how priors shape our expectations and behavior.

A rap battle in which John Maynard Keynes and F. A. Hayek debate the causes of boom and bust, stimulus, and bailouts. It was produced by Econstories to teach the two schools of thought.

An illustrated 23-minute summary of David Friedman's talk based on The Machinery of Freedom. It describes how law, police and courts could work as market services in a stateless society, covering private law, polycentric law and objections.

Wendover Productions explains how airlines make money from different cabin classes and why premium seats matter so much to profits. It also touches on how this shaped decisions such as the decline of supersonic travel.

Kurzgesagt makes a selfish case for improving the world, arguing that helping people far away raises prosperity and innovation for everyone, including yourself. The animated video frames this as egoistic altruism and positive-sum cooperation.

An Adam Ruins Everything segment arguing that tipping should be banned. It covers the history of tipping, its weak link to service quality, and why employers should pay a fair wage.

A short animated TED-Ed lesson in which two competing ice cream vendors on a beach illustrate why rival shops cluster together. It introduces game theory and the Nash equilibrium through the Hotelling model.

Comedian Dominic Frisby gives a ten-minute explanation of land value tax. He argues it would fix problems of rent-seeking and the economics of land ownership.

A short film from the Competitive Enterprise Institute adapting Leonard Read's 1958 essay I, Pencil, showing how no one person knows how to make a pencil and how many people cooperate without central planning.

CGP Grey's short animated argument for abolishing the US penny, covering its cost and history.

Chuck Marohn of Strong Towns explains how a land value tax differs from an ordinary property tax, why it makes economic sense, and why it is rarely used. It is a short six-minute explainer.

John Green explains why the US spends far more on health care than other countries, going through insurers, drug companies, hospitals and lawyers. He argues the causes are complicated rather than a simple blame game.

An RSA Animate adaptation of a Dan Ariely lecture on dishonesty. It explores when ordinary people lie or cheat and how they rationalize small acts of dishonesty.

A two-minute clip in which Milton Friedman uses a humble pencil to show how thousands of strangers across many countries cooperate, without central direction, to make a simple product. It is a short visual version of the 'I, Pencil' essay's argument about free markets and dispersed knowledge.

A Vox reporter tries to learn what his son's birth would cost before it happens and fails, showing how opaque US hospital pricing is even for the most common procedure.

An Extra Credits episode on how MMO economies get overrun by inflation when players can mint unlimited gold by killing monsters. It covers approaches borrowed from real-world economics, such as anchoring or pegging currency, as alternatives to simple gold sinks.

A Vox explainer on how mandatory parking minimums and free parking impose hidden costs on cities. It draws on Donald Shoup's work and gives the history of parking requirements.

3Blue1Brown presents Bayes' theorem through a geometric diagram, showing how evidence should update beliefs. It works through the Kahneman and Tversky style questions and base rates.

Tom Scott explains the design of the British BS 1363 plug and socket, including fuses, shutters and safety features, and why he thinks it beats other plugs.

A doctor from Medlife Crisis explains in under three minutes why even a rich patient should not simply order every medical test, touching on pre-test probability and Bayesian reasoning. False positives make blanket testing counterproductive.