432072 VO Behavioral Economics

summer semester 2014 | Last update: 04.06.2014 Place course on memo list
432072
VO Behavioral Economics
VO 2
3
weekly
each semester
English
Behavioral economics combines results from experiments and insights from psychology in order to study how people make decisions. This course will introduce some of the major issues, methods and models currently debated in this field.
Behavioral economics is a diverse subject, focusing on situations where observed behavior systematically deviates from standard theoretical models and what this implies for both positive and normative economics. The content of this course includes areas related to decisions made over risk, time and the income of others. Topics include: Subjective well-being: the Easterlin paradox, relationship between decision and experienced utility. Choice under certainty: reference dependence, endowment effect, menu dependence, mental accounting. Expected Utility Theory (EUT): failures of EUT, probability weighting, loss aversion, prospect theory, preference reversal. Other regarding preferences: positional goods, distributional preferences, warm glow, reciprocity. Time preferences: exponential and hyperbolic discounting, present bias and quasi-hyperbolic discounting, diversification bias, intra-personal conflict.
Lectures and excercises
The course will be completed with a written exam

Will be discussed in the first lesson.

Prerequisites for bachelor students (C 033 571): a pass grade of 4 or better in the compulsory courses “Theorie ökonomischer Entscheidungen 1: Märkte und Preise“ and “Theorie ökonomischer Entscheidungen 2: Strategisches Verhalten“ as stated in § 6 Abs. 3 Z 1 and § 6 Abs. 3 Z 2.

05.03.2014
Group 0
Date Time Location
Wed 2014-03-05
13.00 - 14.45 SR 9 (Sowi) SR 9 (Sowi) Barrier-free
Wed 2014-03-12
13.00 - 14.45 SR 2 (Sowi) SR 2 (Sowi) Barrier-free
Wed 2014-03-19
13.00 - 14.45 SR 2 (Sowi) SR 2 (Sowi) Barrier-free
Wed 2014-03-26
13.00 - 14.45 SR 2 (Sowi) SR 2 (Sowi) Barrier-free
Wed 2014-04-02
13.00 - 14.45 SR 2 (Sowi) SR 2 (Sowi) Barrier-free
Wed 2014-04-09
13.00 - 14.45 SR I (Theologie) SR I (Theologie) Barrier-free
Wed 2014-04-30
13.00 - 14.45 SR I (Theologie) SR I (Theologie) Barrier-free
Wed 2014-05-07
13.00 - 14.45 SR I (Theologie) SR I (Theologie) Barrier-free
Wed 2014-05-14
13.00 - 14.45 SR VI (Theologie) SR VI (Theologie) Barrier-free Exams/Prüfung
Wed 2014-05-14
15.00 - 16.00 SR I (Theologie) SR I (Theologie) Barrier-free Exams/Klausur
Wed 2014-05-21
13.00 - 14.45 SR I (Theologie) SR I (Theologie) Barrier-free
Wed 2014-05-28
13.00 - 14.45 SR I (Theologie) SR I (Theologie) Barrier-free
Wed 2014-06-04
13.00 - 14.45 SR I (Theologie) SR I (Theologie) Barrier-free
Wed 2014-06-11
13.00 - 14.45 SR I (Theologie) SR I (Theologie) Barrier-free
Wed 2014-06-18
13.00 - 14.45 SR I (Theologie) SR I (Theologie) Barrier-free
Wed 2014-06-25
13.00 - 14.45 SR I (Theologie) SR I (Theologie) Barrier-free
Fri 2014-06-27
13.30 - 17.00 SR 9 (Sowi) SR 9 (Sowi) Barrier-free Exam