Foundations of Behavioral Economics

4-0-8 units · Graduate

Presents the core concepts of behavioral economics, including: key models and theories, how to run a mechanism experiment in the field and online, and how to effectively read the psychology literature and bring key insights into economics. Models and theories covered include, but are not limited to: non-standard preferences (such as social preferences; reference-dependence; temptation, self-control, and quasi-hyperbolic preferences), non-standard beliefs (selective attention, selective memory, and misspecification; failures of contingent reasoning), and non-standard decision-making (anchoring, complexity aversion, imitation heuristics).