Behavioral and Experimental Economics

Catalog description

(cross-leveled with AAE 7286 ). This course provides an introduction to behavioral economics and experimental methods. Behavioral and experimental economics are exciting fields in the broader economics discipline, with experimental economics focusing on controlled identification and behavioral economics research tackling situations in which the observed behavior of economic agents deviates from the predictions of standard economic theory. The course introduces state-of-the-art research methodology in experimental and behavioral economics, and provides tools that can be applied to a variety of economic situations, including social dilemmas, auction markets, and individual decision-making. Credit Hour s : 3 Prerequisites: ABM 4240 or ECONOM 4351 , or instructor's permission. Game theory is helpful but not required