Universität Wien

040319 VO Economic Psychology (2023W)

(MA)

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften
VOR-ORT

Moodle

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Details

Sprache: Englisch

Prüfungstermine

Lehrende

Termine (iCal) - nächster Termin ist mit N markiert

  • Mittwoch 04.10. 11:30 - 13:00 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Mittwoch 11.10. 11:30 - 13:00 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Mittwoch 18.10. 11:30 - 13:00 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Mittwoch 25.10. 11:30 - 13:00 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Mittwoch 08.11. 11:30 - 13:00 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Mittwoch 15.11. 11:30 - 13:00 Digital
  • Mittwoch 22.11. 11:30 - 13:00 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Mittwoch 29.11. 11:30 - 13:00 Digital
  • Mittwoch 06.12. 11:30 - 13:00 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Mittwoch 13.12. 11:30 - 13:00 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Mittwoch 10.01. 11:30 - 13:00 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Mittwoch 17.01. 11:30 - 13:00 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Mittwoch 24.01. 11:30 - 13:00 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Mittwoch 31.01. 13:15 - 14:45 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock

Information

Ziele, Inhalte und Methode der Lehrveranstaltung

This lecture gives an introduction to economic psychology. We cover:
1. The development of economic thought with respect to psychology: Difference between economic psychology and behavioral economics. In what aspect does psychology inform economics, historical milestones in the development of economics with respect to behavioral/psychological insights.
2. How preferences and values are constructed: Psychological approaches advance the idea that preferences are constructed on the spot and are susceptible to context, circumstances that give fertile ground for constructed preferences, regularities of constructed preferences, decoy and compromise effects, coherent arbitrariness.
3. The decision under uncertainty and ambiguity aversion: Prospect theory, Ellsberg-paradox, and their consequences in judgment and decision-making.
4. Choice over time: Challenges of standard discounted utility and their remedies. Hyperbolic discounting, present-biased behavior. Dynamic inconsistency. Self-control.
5. (Mis)predicting future taste and utility: Regularities in people’s inability to correctly predict their future preferences and tastes and the practical and daily consequences of these behaviors.
6. Choice architecture: An overview of behaviorally informed public policy. Rationales and tools for interventions rely on behavioral regularities. Reviewing some basic success in using nudges to beneficially change behavior.

Art der Leistungskontrolle und erlaubte Hilfsmittel

The exam will be closed-book in the classroom. You will get a 10-item, multiple-choice test with one answer correct. Plus, you will get two open questions to elaborate on a maximum of 1 page/question.
- 20 Points total
- 11 Points to pass
PLEASE NOTE: IT IS NOT ENOUGH THAT YOU ARE SIGNED UP FOR THE COURSE. TOWARDS THE END OF THE SEMESTER, YOU MUST ALSO SIGN UP FOR AN EXAM DATE. WE CAN NOT GRADE THOSE STUDENTS WHO DID NOT SIGN UP FOR THE EXAM.
Lectures
E-Learning (Moodle)

Mindestanforderungen und Beurteilungsmaßstab

You need 11 points to pass.

Prüfungsstoff

Course slides. Therefore it is highly recommended that you attend class even though it is not mandatory.

Literatur

Recommended but not mandatory (!!) readings will be announced in the lectures. These are mostly journal articles and book chapters that are nontrivial to process and hence, not required to read. However, the exam will not exceed the material from the slides. This means that you really need to understand what is on the slides. When, however, something is unclear please email me. I respond to your question asap and rediscuss the focal issue at the next class. Should it still be unclear, please ask for a personal appointment.

Zuordnung im Vorlesungsverzeichnis

Letzte Änderung: Fr 16.02.2024 17:05