ECON 5350 - Behavioral Economics

This course surveys critical research questions, findings, and methodologies from the field of Behavioral Economics (BE). BE typically incorporates psychological insights into economic analysis with the continued use of sophisticated analytical and experimental tools to shed fresh light on existing topics in economics and develop more encompassing models of human behavior. This approach has led to the creation of more evidence-based models of human behavior. As a result, BE is developed hand-in-hand by theorists and experimentalists, with many scholars having a foot in each camp. Examples of potential topics include altruism, reciprocity, cooperation, guilt, envy, lying, regret, discrimination based on social status, gender, and race, bargaining, auctions, risk and time preferences, loss aversion, social norms, and framing. Graduate students should register for ECON 6350 and will be held to higher standards and/or additional work.