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Advanced Behavioral Economics and Finance

Objectives

This course introduces students to the theory of behavioral economics. This course is not meant to be a comprehensive overview of all theoretical work in the field, but will emphasize core results, and provide an introduction to the theoretical modelling of irrational behavior. Game theory will be utilized.

General characterization

Code

2197

Credits

3.5

Responsible teacher

Alexander Coutts

Hours

Weekly - Available soon

Total - Available soon

Teaching language

English

Prerequisites

Available soon

Bibliography

A Course in Behavioral Economics by Erik Angner (Second Edition)


Teaching method

Teaching will expand on required course readings, including relevant articles in economics journals. Students will be expected to have read assigned readings, and are encouraged to participate in class discussions. There will be two individual assignments which applies the material covered in-class. There will be one group project which will require working in a team to propose an experiment or study based on behavioral economics concepts.

Evaluation method

The Final Exam is mandatory and must cover the entire span of the course. Its weight in the final grade can be between 30 to 70%. The remainder of the evaluation can consist of class participation, midterm exams, in class tests, etc. Overall, written in class assessment (final exam, midterm) must have a weight of at least 50%.

?    Individual Homework (2) 15% each
?    Group Project (1) 30%
?    Final Exam (1) 40%


Subject matter

Main topics include: bounded rationality, choice under certainty, judgement under uncertainty, intertemporal choice, and social preferences. Previous experience with game theory is highly recommended.