Record lectures
without racing to write.

Classp is the app that records lectures and takes notes for you: it captures class live, builds a transcript, then turns it into summaries, infographics, and quizzes.

How memory works

18:00

Okay, let's keep going. So far we've been treating memory like a recording — you experience something, you store it, you play it back later. Today I want to complicate that picture, because memory isn't really a recording. It's a reconstruction.

18:07

Live
18:07
/01How it works

Record now, review later — without racing to write.

One tap when class starts. Classp captures the lecture so you can stay with your professor, not your notes.

01

Hit record when class starts.

Start a session and put your laptop or phone down. Classp captures the lecture live, however long it runs.

02

Every word, transcribed live.

The transcript builds as your professor talks — with translation alongside in 100+ languages when you need it.

03

Walk out with notes, not a wall of text.

When class ends, the recording is already a structured summary and review set — not a raw transcript you still have to read.

/02After class

Your study set, already built.

Class ends, and your review is ready. Go from catching up to checking what you actually understood.

Summary

The lecture, cleaned up.

Skip the transcript wall. Get the lecture’s main ideas, details, and takeaways in a structure you can review fast.

Behavioral Economics Lecture 5 — Prospect Theory, Loss Aversion, and Framing

Prospect theory describes how people often choose under risk: they evaluate gains and losses relative to a reference point, losses feel more powerful than equal gains, and framing can change decisions even when the math is identical.

Expected Utility Theory vs. Prospect Theory

Expected Utility Theory

Traditional model

  • Assumes people evaluate final wealth or final outcomes.

  • A gamble is judged by comparing the expected utility of possible final outcomes.

  • Often treats risk aversion as coming from concave utility.

Prospect Theory

Descriptive model

  • Describes how people often actually choose under risk.

  • People evaluate outcomes as gains or losses relative to a reference point.

  • Choices are shaped by reference dependence, loss aversion, framing, and probability weighting.

  • Risk attitudes can change depending on whether people are in the domain of gains or losses.

Core Concepts from the Lecture

Reference dependence

People judge outcomes relative to a reference point, such as what they currently have, what they expected, what someone else got, or what they feel entitled to.

Loss aversion

Losses hurt more than equivalent gains feel good; a common shorthand is that losses feel about twice as powerful as gains of the same size.

Framing

The same objective choice can lead to different decisions when described as lives saved versus lives lost, or survival rate versus mortality rate.

/03When it helps most

Made for the lectures that are hard to keep up with.

Fast talkers and heavy accents

When you lose the next point looking up the last word, the live transcript keeps the lecture in front of you.

Long lectures, back-to-back days

Record the whole thing and review the summary later, instead of re-listening at 0.7x for hours.

Online classes you half-tune out of

Record the lecture playing in your browser, and find the parts you drifted past waiting in your review set.

/04FAQ

Questions about recording lectures.

Yes. Start a session and Classp records the lecture live while it transcribes and summarizes it. How long you can record depends on your plan's transcription minutes.

Try the next lecture with Classp.

Start free with 90 minutes for your next lecture.