Experimental Economics

Catalog description

Credits 3. 3 Lecture Hours. Study of how experiments and behavioral insights advance understanding of economic decision-making; examines deviations from standard models of rationality and self-interest in choices under risk, time and social interaction; introduces experimental methods for testing economic theories and evaluating policy-relevant behavior in laboratory, field and online settings; explores issues of experimental design, data reliability and statistical analysis; emphasizes the development and interpretation of experiments to study individual and group behavior in economics and related fields. Prerequisite: Grade of C or better in ECON 323 .