ECON 476
Behavioral Economic Theory and Methods Fall 2015
Division II
This is not the current course catalog

Class Details

The field of behavioral economics emphasizes that economic models should account for the psychological plausibility of its assumptions and consequences. This course will systematically review the ways in which prominent behavioral economics models of decision-making differ from the classical models found in standard microeconomics textbooks, including how these differences add to our understanding of the psychological processes that underlie economic models. The material will also rigorously introduce the many methods that behavioral economists use in order to empirically verify these models. These methods include using laboratory experiments, field experiments, and observational data to causally infer the effects of various psychological incentives on our decision-making in different contexts. In some cases, these methods may include biological or neurological measures, such as fMRI. Class discussions will cover applications of these behavioral models to many disparate contexts that could include asset markets, firm-level strategy, public sector policy, and managerial decision-making. Students will be expected to analyze academic papers that are appropriate for advanced undergraduate economics students.
The Class: Format: seminar
Limit: 19
Expected: 15
Class#: 1950
Grading: yes pass/fail option, no fifth course option
Requirements/Evaluation: an original research paper, several short paper critiques, oral presentation(s), class participation
Extra Info: not available for the fifth course option
Prerequisites: ECON 251 and (ECON 255 or STAT 346)
Enrollment Preferences: Economics majors, seniority
Distributions: Division II

Class Grid

Course Catalog Archive Search

TERM/YEAR
TEACHING MODE
SUBJECT
DIVISION



DISTRIBUTION



ENROLLMENT LIMIT
COURSE TYPE
Start Time
End Time
Day(s)