Behavioral theories of decision-making

  • Description of the course:

    Behavioral economics studies the effects of psychological, cognitive and emotional factors on decision-making to help explain discrepancies between observed behavior and behavior implied by classical theory. Resorting to a combination of experimental methods and interdisciplinary approaches, researchers are starting to pin down the underlying biological mechanisms that govern cognition and emotions, and can further apply this knowledge to build credible models of decision-making. Results can provide valuable insights to design intervention in the area of financial decisions, health care, aging or education. The objective of this course is to review traditional and behavioral theories of decision-making and to discuss the state of the art in the field.

  • Date and Time: M 1-3:50pm

  • Location: KAP 335

  • Books: (only recommended)
    - Advances in Behavioral Economics, Colin F. Camerer, G. Loewenstein, and M. Rabin (Eds.), Princeton university press, (2011).
    - Behavioral Game Theory: Experiments in Strategic Interaction (The Roundtable Series in Behavioral Economics), Colin F. Camerer , Princeton University Press (2003)

  • Syllabus

ECON 606