Behavioral Economics I

Catalog description

This course provides an overview of the field of behavioral economics. The course reviews evidence on how human behavior systematically departs from the standard assumptions of economics, and discusses how one might formally model alternative assumptions based on this evidence. The course then examines attempts to empirically test these theories. The goal is not merely to point out problems with traditional economic assumptions, rather, it is to develop alternative assumptions and to investigate whether these alternative assumptions can be usefully incorporated into mainstream economics.