Universität Wien
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040075 UK Principles of Behavioral and Experimental Economics (BA) (2021S)

Track in Behavioral Economics and Experiments

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

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

The lectures will be online and synchronous. Video recordings will be available after each meeting.

Dienstag 02.03. 16:45 - 18:15 Digital
Mittwoch 03.03. 16:45 - 18:15 Digital
Dienstag 09.03. 16:45 - 18:15 Digital
Mittwoch 10.03. 16:45 - 18:15 Digital
Dienstag 16.03. 16:45 - 18:15 Digital
Mittwoch 17.03. 16:45 - 18:15 Digital
Dienstag 23.03. 16:45 - 18:15 Digital
Mittwoch 24.03. 16:45 - 18:15 Digital
Dienstag 13.04. 16:45 - 18:15 Digital
Mittwoch 14.04. 16:45 - 18:15 Digital
Dienstag 20.04. 16:45 - 18:15 Digital
Mittwoch 21.04. 16:45 - 18:15 Digital
Dienstag 27.04. 16:45 - 18:15 Digital
Mittwoch 28.04. 16:45 - 18:15 Digital
Dienstag 04.05. 16:45 - 18:15 Digital
Mittwoch 05.05. 16:45 - 18:15 Digital
Dienstag 11.05. 16:45 - 18:15 Digital
Mittwoch 12.05. 16:45 - 18:15 Digital
Dienstag 18.05. 16:45 - 18:15 Digital
Mittwoch 19.05. 16:45 - 18:15 Digital
Mittwoch 26.05. 16:45 - 18:15 Digital
Dienstag 01.06. 16:45 - 18:15 Digital
Mittwoch 02.06. 16:45 - 18:15 Digital
Dienstag 08.06. 16:45 - 18:15 Digital
Mittwoch 09.06. 16:45 - 18:15 Digital
Dienstag 15.06. 16:45 - 18:15 Digital
Mittwoch 16.06. 16:45 - 18:15 Digital
Dienstag 22.06. 16:45 - 18:15 Digital
Mittwoch 23.06. 16:45 - 18:15 Digital
Dienstag 29.06. 16:45 - 18:15 Digital
Mittwoch 30.06. 16:45 - 18:15 Digital

Information

Ziele, Inhalte und Methode der Lehrveranstaltung

Knowledge in introductory microeconomics is highly recommended.

Content:

In this course, we will discuss the most important topics in Behavioral Economics and Experimental Economics. In Behavioral Economics, we study deviations from conventional rational Economics and apply the insights to relevant settings to better understand the issues at hand. Experimental economics adapts experimental methods developed in the natural sciences to study economic behavior. Experiments are valuable in empirically underpinning causal mechanisms, which can be obstructed in observational data.

Behavioral and Experimental Economics are vibrant and fast-growing fields of research in Economics. It continues to shed new light on many important issues in Economics. The fields have received wide recognition in recent years: many Nobel Prize laureates have contributed to these fields (Reinhard Selten 1994, George Akerlof 2001, Daniel Kahneman and Vernon Smith 2002, Elinor Ostrom in 2009, and Alvin Roth 2012, Robert Shiller 2013, Richard Thaler 2017, Abhijit Banerjee and Esther Duflo 2019).

In this course, we will discuss the most important topics in behavioral and experimental economics. By the end of the course you will have acquired:
1. a good intuition for behavioral deviations from conventional rational settings,
2. a toolbox for formalizing your intuitions using simple math representations,
3. an understanding of how to design experiments,
4. and hands-on experience in solving real-world problems using behavioral insights.

A preview of questions we will discuss in this course (the list is non-exhaustive):
• Why do people procrastinate? How can we combat procrastination?
• Why are some people overly confident despite feedback?
• Why are people altruistic? What makes them behave more selfishly?
• Are people equally willing to take risks?
• …
We will identify the anomalies causing the observed behavior and discuss their importance in economically relevant settings, such as education, finance, poverty, etc.

Aims:

When discussing these questions, we aim to be both practical and scholarly. The goal of the course is three-fold: We aim to
1. leave the students with take-away messages applicable to their understanding of the related problems;
2. provide the students with frameworks that help them to think about these questions rigorously;
3. emphasize the importance of causal inference and the role of experiments in this regard.

Methods:

This course is a combination of lectures, discussions, and student presentations. A list of references will be provided. While those readings are not mandatory readings they may support understanding the material covered in the lecture slides.

Art der Leistungskontrolle und erlaubte Hilfsmittel

In the course, a student can collect up to 100 points. 50 points are required to pass. The composition of the evaluations is as follows:
1. A presentation (English, 20-30min depending on participation, 30 points)
2. Class participation (English, 20 points)
3. A final exam (closed-book, English, 50 points) *

* The exam will be based on the material covered in the lectures. A retake can be offered upon request.

Mindestanforderungen und Beurteilungsmaßstab

In the course, a student can collect up to 100 points. 50 points are required to pass.

Prüfungsstoff

The exam will cover all the material discussed in the lectures.

Literatur

To be announced in the lecture.

Zuordnung im Vorlesungsverzeichnis

Letzte Änderung: Fr 12.05.2023 00:12