Behavioral Economics for Life

Catalog description

Are we humans or econs? Econs are analytical, make rational judgments and decisions, are deliberate and patient, and are able to perfectly implement their plans. Humans, however, are influenced by emotions, have systematic biases in their judgment and decision-making, can be impulsive and lack self-control, and often struggle implementing their plans. College students (and professors) are humans and as such we sometimes procrastinate, eat poorly, don't get enough sleep, skip out on going to the gym, make money mistakes, feel lonely, misjudge others, inadvertently discriminate against others, engage in unnecessary conflict, and don't live up to our own ethical standards. This course teaches you the science of behavioral economics-how it developed and is evolving as a field and how it can help you to improve your life now during college and later in your professional life. You will learn about evidence-based behavioral strategies and how they can help you to be happier, healthier and wealthier. You will also have the opportunity to try some of these strategies yourself and reflect on whether to incorporate them into your daily routines.