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Economics 119: Psychology and Economics (Fall 2014, UC Berkeley). Instructor: Professor Daniel J. Acland
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Description
This course presents psychological and experimental economics research demonstrating departures from perfect rationality, self-interest, and other classical assumptions of economics and explores ways that these departures can be mathematically modeled and incorporated into mainstream positive and normative economics. The course will focus on the behavioral evidence itself, especially on specific formal assumptions that capture the findings in a way that can be incorporated into economics. The implications of these new assumptions for theoretical and empirical economics will be explored
Course content
- Lecture 01 – Introduction Unlimited
- Lecture 02 – Consumer Demand Theory and the Endowment Effect Unlimited
- Lecture 03 – Reference Dependent Preferences Unlimited
- Lecture 04 – Normative Implications of Reference Dependence Unlimited
- Lecture 05 – Normative Implications of Reference Dependence (cont.) Unlimited
- Lecture 06 – Applications of Reference Dependence Unlimited
- Lecture 07 – Reference Dependent Preferences in Labor Supply, Reference Point Determination Unlimited
- Lecture 08 – Exponential Discounting Theory and Anomalies Unlimited
- Lecture 09 – Present-Biased Preferences and Quasi-Hyperbolic Discounting Unlimited
- Lecture 10 – Beliefs about Future Intertemporal Preferences Unlimited
- Lecture 11 – Sophistication and the Two Self Model Unlimited
- Lecture 12 – Misprediction of Self-Control and Demand for Commitment Devices Unlimited
- Lecture 13 – Applications, Policy Implications, Normative Implications of β, δ Unlimited
- Lecture 14 – State-Dependent Preferences and Projection Bias Unlimited
- Lecture 15 – Applications of Projection Bias Unlimited
- Lecture 16 – Behavioral Economics and Public Policy, Part 1 Unlimited
- Lecture 17 – Behavioral Economics and Public Policy, Part 2 Unlimited
- Lecture 18 – Behavioral Economics and Public Policy, Part 3 Unlimited
- Lecture 19 – Behavioral Economics and Public Policy, Part 4 Unlimited
- Lecture 20 – Introduction to Probability Inference: Bayes’ Rule Unlimited
- Lecture 21 – Quasi-Bayesian Modeling – Base-Rate Neglect Unlimited
- Lecture 22 – Heuristics and Biases Unlimited
- Lecture 23 – Why Behavioral Economics Matters Unlimited
- Lecture 24 – Review Unlimited
Instructor
