Economics
ECON 3416: Behavioral Economics
Lecture - 4 credits
ND
EI
IC
FQ
SI
AD
DD
ER
WF
WD
WI
EX
CE
- Questions assumptions made in standard microeconomic utility-driven models, using insights from psychology and other social sciences.
- Examines behavior that departs from these assumptions and tests theories with data.
- Incorporates empirical evidence from a wide range of fields, including development economics, health economics, labor economics, industrial organization, and finance.
- Topics include deviations from standard models in terms of preferences (present bias, reference dependence, and social preferences); beliefs (projection bias); and decision making (cognition, attention, and framing); as well as market and policy reactions to such deviations.
Questions assumptions made in standard microeconomic utility-driven models, using insights from psychology and other social sciences. Show more.