Behavioral Economics

Catalog description

This course is an introduction to behavioral economics and its applications. The course will focus on the statistical analysis of experimental data using non-parametric techniques (no previous statistics coursework required), and the application of experimental methods to identify behavioral regularities related to risk preferences, the endowment effect, overconfidence, framing, probabilistic assessment and other areas of decision-making. Students are required to complete a final experimental design project, which will include motivating theory, novel research hypotheses, proposed analytics, and implementation details. Prerequisite(s): IDS 1131 or STAT 1021 , and ECON 1010 or ECON 1031 . Crosslisted with FIN 2828 , MAR 2828 .