Behavioral Economics

Welcome to the homepage of Behavioral Economics !
Tips: We are not perfectly rational, we are human.
——Daniel Kahneman

Course Introduction

Course number: 09010580 Credit: 3

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Behavioral Economics Course Outline

The teaching content of this course is as follows:

Lecture Content
Lecture 1: Introduction
  • Introduction to the basic methods and theories of behavioral economics
  • In-class experiments
Lecture 2: Choice Theory Under Certainty
  • Choice theory under certain conditions
Lecture 3: Judgment and Decision Biases
  • Common judgment and decision biases
Lecture 4: Decision Making Under Risk (Expected Utility Theory)
  • Expected Utility Theory for decision making under risk
Lecture 5: Decision Making Under Risk (Prospect Theory)
  • Prospect Theory for decision making under risk
Lecture 6: Reference Point Theory
  • Reference Point Theory
Lecture 7: Gender (Gender Wage Gap)
  • Gender-related economic issues: gender wage gap
Lecture 8: Gender (Gender Differences in Competitiveness)
  • Gender-related economic issues: gender differences in competitiveness
Lecture 9: Time Preference (Common Intertemporal Choice Utility Functions)
  • Time preference: common utility functions for intertemporal choice
Lecture 10: Time Preference (Do it Now or Later Model)
  • Time preference: Do it Now or Later model
Lecture 11: Time Preference (Temptation and Self-Control)
  • Time preference: temptation and self-control
Lecture 12: Social Preferences (Fehr & Schmidt Model)
  • Social preferences: Fehr & Schmidt model
Lecture 13: Social Preferences (Public Goods Game, Gift Exchange Game)
  • Social preferences: public goods game and gift exchange game
Lecture 14: Social Preferences (Psychological Game Theory, Charness & Rabin Model)
  • Social preferences: psychological game theory and Charness & Rabin model
Lecture 15: Behavioral Game Theory (Level-k Model)
  • Behavioral game theory: level-k model
Lecture 16: Behavioral Game Theory (Cognitive Hierarchy Model)
  • Behavioral game theory: cognitive hierarchy model
Lecture 17: Behavioral Game Theory (Quantal Response Equilibrium)
  • Behavioral game theory: Quantal Response Equilibrium
Lecture 18: Experimental Design Theory
  • Theories of experimental design

Course Resourse

Reference of Behavioral Economics

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Courseware of Behavioral Economics

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Review.

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Notes and Homework of Behavioral Economics

HW1. HW1 sol. HW2. HW2 sol.


Tips of Behavioral Economics

The elective courses are moderately challenging and cover some mathematical concepts. The instructor is very approachable, and the classes are engaging.