Universität Wien

040062 UK Behavioral Economics (MA) (2019S)

Track in Behavioral Economics and Experiments

8.00 ECTS (4.00 SWS), SPL 4 - Wirtschaftswissenschaften
Prüfungsimmanente Lehrveranstaltung
Moodle

An/Abmeldung

Hinweis: Ihr Anmeldezeitpunkt innerhalb der Frist hat keine Auswirkungen auf die Platzvergabe (kein "first come, first served").

Details

max. 50 Teilnehmer*innen
Sprache: Englisch

Lehrende

Termine (iCal) - nächster Termin ist mit N markiert

  • Donnerstag 07.03. 16:45 - 18:15 Seminarraum 5 Oskar-Morgenstern-Platz 1 1.Stock
  • Freitag 08.03. 15:00 - 16:30 Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Stock
  • Donnerstag 14.03. 16:45 - 18:15 Seminarraum 5 Oskar-Morgenstern-Platz 1 1.Stock
  • Freitag 15.03. 15:00 - 16:30 Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Stock
  • Donnerstag 21.03. 16:45 - 18:15 Seminarraum 5 Oskar-Morgenstern-Platz 1 1.Stock
  • Freitag 22.03. 15:00 - 16:30 Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Stock
  • Donnerstag 28.03. 16:45 - 18:15 Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Stock
  • Freitag 29.03. 15:00 - 16:30 Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Stock
  • Donnerstag 04.04. 16:45 - 18:15 Seminarraum 5 Oskar-Morgenstern-Platz 1 1.Stock
  • Freitag 05.04. 15:00 - 16:30 Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Stock
  • Donnerstag 11.04. 16:45 - 18:15 Seminarraum 5 Oskar-Morgenstern-Platz 1 1.Stock
  • Freitag 12.04. 15:00 - 16:30 Seminarraum 16 Oskar-Morgenstern-Platz 1 3.Stock
  • Donnerstag 02.05. 16:45 - 18:15 Seminarraum 5 Oskar-Morgenstern-Platz 1 1.Stock
  • Freitag 03.05. 15:00 - 16:30 Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Stock
  • Donnerstag 09.05. 16:45 - 18:15 Seminarraum 5 Oskar-Morgenstern-Platz 1 1.Stock
  • Freitag 10.05. 15:00 - 16:30 Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Stock
  • Donnerstag 16.05. 16:45 - 18:15 Seminarraum 5 Oskar-Morgenstern-Platz 1 1.Stock
  • Freitag 17.05. 15:00 - 16:30 Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Stock
  • Mittwoch 22.05. 16:45 - 18:15 Seminarraum 5 Oskar-Morgenstern-Platz 1 1.Stock
  • Donnerstag 23.05. 16:45 - 18:15 Seminarraum 5 Oskar-Morgenstern-Platz 1 1.Stock
  • Freitag 24.05. 15:00 - 16:30 Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Stock
  • Freitag 31.05. 15:00 - 16:30 Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Stock
  • Donnerstag 06.06. 16:45 - 18:15 Seminarraum 5 Oskar-Morgenstern-Platz 1 1.Stock
  • Freitag 07.06. 15:00 - 16:30 Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Stock
  • Freitag 21.06. 15:00 - 16:30 Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Stock
  • Donnerstag 27.06. 16:45 - 18:15 Hörsaal 3 Oskar-Morgenstern-Platz 1 Erdgeschoß
  • Freitag 28.06. 15:00 - 16:30 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock

Information

Ziele, Inhalte und Methode der Lehrveranstaltung

This course is designed to make you familiar with the most relevant concepts from behavioral economics. After following this course, you will be able to understand and provide an answer to the following paradoxes (in economics):

- Why do people pay more for a diamond than for a month’s water consumption even though water is more useful?
-How could the same individual gamble and buy insurance at the same time?
-How is it possible that there exists a market of insurance for extremely low probability events?
-Why do individuals incur in consistent credit card debt?
-Why do individuals fall short from their saving goals?
- Why do individuals donate to charities?
- Why are there tragedies of the commons and how can we solve them?

To explain these paradoxes, you are going to get acquainted with the most relevant theories and solution concepts of the field, namely (Cumulative) Prospect Theory, Rank-Dependent Utility Theory, Hyperbolic Discounting, Inequity Aversion, Level-K theory and Quantal Response Equilibrium.

To understand these alternative theories, we will also review and understand in depth the assumptions of the most relevant standard theories and solution concepts in economics, namely expected value, expected utility theory, exponential discounting utility, and Nash equilibrium.

Finally, note that my job is to convince you that the alternative theories are better descriptive approximations than their standard counterparts with the support of data from experiments, data from surveys, data from economic phenomena, and your own decisions!

Art der Leistungskontrolle und erlaubte Hilfsmittel

The grade of the course will be assessed using these criteria:
-Final exam and quizzes (40%).
-Presentation (30%).
-Research Proposal (30%).

Mindestanforderungen und Beurteilungsmaßstab

Students should have completed an introductory econometrics course where they gained basic knowledge of regression analysis, including ordinary least squares (OLS). Also, they should have completed an intermediate microeconomics course, where they gained basic knowledge on decision-making under uncertainty and basic game theory.

Prüfungsstoff

Literatur

Zuordnung im Vorlesungsverzeichnis

Letzte Änderung: Mo 07.09.2020 15:28