Introduction to Behavioral Economics

Catalog description

The goal of the course is multi-fold: To understand the underlying psychological assumptions made in classical economic theory; to assert the contributions of the behavioral economics literature; to look at the intersection of the two disciplines (psychology and economics) as they explain human behavior; and to analyze empirical work in the field of behavioral economics. At the end of the course, students will have a thorough understanding of the psychological assumptions embedded in the economics literature, and how these have been supported or adjusted via empirical research in the recent field of behavioral economics. Pre-requisites: Students must have taken at least one course in introduction to statistics or probability, microeconomics, and in cognition or problem solving.