Behavioral Economics

3 Credits · Level: Graduate, Undergraduate

This course explores the relatively new field of Behavioral Economics. We will examine parsimonious models that attempt to explain systematic departures from economic behavior generated by classical preferences and rationality. The scope of the course is articulated into four segments. We begin with economic behavior that pertains to a single agent in a static set up, and then move to examine behavior concerning a single agent in a dynamic environment. The course then proceeds to consider models of multiple (strategic) agents, first in static and then in a dynamic environment.