Please note that there will be no lecture on the 19th of September. The course will instead start on the 26th of September at 12:15 in E230.
This course covers topics in Behavioral Economics, which aims at integrating insights from psychology into economics, but also management and communications. Behavioral economics departs from “mainstream economic theory” by weakening its strong assumptions, such as perfect rationality or pure self-interest. The course will cover central themes in psychology and economics, including time preferences and present-biasedness, the role of social preferences, reciprocity and emotions, reference-dependent preferences and loss aversion, as well as belief formation and learning.
The goal of the course is to introduce students to some of the key applications of behavioral economics. This involves both formal modeling of behavioral assumptions and the empirical assessment and identification of behavioral biases. As a consequence, the course is suited both for students interested in theoretical and in empirical work.