ECON.4160 Experimental and Behavioral Economics
Id: 040438
Credits: 3-3
Description
This course will introduce students to the experimental economics methodology. Experimental economics utilizes lab and natural experiments to investigate decision-making and motivations for observed behavior. After and overview of the method, the course will explore several specific topics where experimental economics has made particular contributions to the discipline. Experimental results often motivate theories of behavior that incorporate concepts such as altruism, reciprocity, and inequality aversion. Such, non-traditional, models of behavior were once considered to be solely the realm of psychology. As a result, this course will also serve as an introduction to behavioral economics - the incorporation of motivations other than self-interest into one's utility function.
Prerequisites
Pre-Req: ECON.2010 Principles of Microeconomics
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Course prerequisites/corequisites are determined by the faculty and approved by the curriculum committees. Students are required to fulfill these requirements prior to enrollment. For courses offered through online or GPS delivery, students are responsible for confirming with the instructor or department that all enrollment requirements have been satisfied before registering.