In the course, we will study how behavioral economists explain a range of psychological and social phenomena, and how those explanations differ from the ones provided by standard economic literature. In particular, we will study various ways in which cognitive limitations influence decision-making and strategic interactions.
The tentative course outline is as follows:
1 Introduction
2 Decision under certainty
Basic Consumer Theory
Violations (Binary Cycles, Context Dependence, Framing)
Reference Dependent Models
3 Decision under uncertainty
Expected Utility Theory
Prospect Theory
4 Intertemporal Choice
Exponential Discounting
Quasi-Hyperbolic Discounting
5 Behavioral Game Theory
Other-regarding Preferences
Dominance Solvable Games
Mixed Strategy Equilibrium
Students are expected to be familiar with standard materials in microeconomics and game theory.
1. The Foundation of Behavioral Economic Analysis, by Sanjit Dhami (Oxford University Press, 2016).
2. Behavioral Game Theory: Experiments in Strategic Interaction, by Colin F. Camerer (Princeton University Press, 2003).
Frequency | Weekday | Time | Format / Place | Period | |
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weekly | Mi | 14-16 | V10-122 | 16.10.2017-02.02.2018 |
Date | Time | Format / Room | Comment about examination |
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Thursday, February 15, 2018 | 10:00-12:00 | H3 | |
Monday, March 26, 2018 | 10:00-12:00 | U2-233 |
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Module | Course | Requirements | |
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31-M-El1 Elective Courses 1 | Gewählte Veranstaltungen aus dem Bereich "Spezialkenntnisse in ökonomischer Theorie und/oder quantitativen Methoden" 4 LP | Student information | |
31-M-El2 Elective Courses 2 | Gewählte Veranstaltungen aus dem Bereich quantitativen Methoden 4 LP | Student information | |
31-M-El3 Elective Courses 3 | Gewählte Veranstaltungen aus dem Bereich ökonomischer Theorie 4 LP | Student information | |
31-M-Micro3 Microeconomics 3 | Microeconomics 3 | Graded examination
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Student information |
The binding module descriptions contain further information, including specifications on the "types of assignments" students need to complete. In cases where a module description mentions more than one kind of assignment, the respective member of the teaching staff will decide which task(s) they assign the students.
Degree programme/academic programme | Validity | Variant | Subdivision | Status | Semester | LP | |
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Economics and Management (BiGSEM) / Promotion | Economics; Field Courses |
A corresponding course offer for this course already exists in the e-learning system. Teaching staff can store materials relating to teaching courses there: