ECON130 PO

The field of behavioral economics draws on insights from psychology, neuroscience and experimental economics to deepen our understanding of individual and aggregate economic behavior. The course explores experimental evidence of systematic departures in human behavior from the predictions of the standard economic framework and presents models that have been developed to explain these behaviors. Topics include risk and uncertainty, reference dependence, temptation and self-control, fairness, reciprocity and cooperation. Prerequisites: ECON 052 PO; ECON 057 PO or PSYC 051 PO.