040062 UK Behavioral Economics (MA) (2019S)
Track in Behavioral Economics and Experiments
Continuous assessment of course work
Labels
Registration/Deregistration
Note: The time of your registration within the registration period has no effect on the allocation of places (no first come, first served).
- Registration is open from Mo 11.02.2019 09:00 to We 20.02.2019 12:00
- Registration is open from Tu 26.02.2019 09:00 to We 27.02.2019 12:00
- Deregistration possible until Th 14.03.2019 23:59
Details
max. 50 participants
Language: English
Lecturers
Classes (iCal) - next class is marked with N
- Thursday 07.03. 16:45 - 18:15 Seminarraum 5 Oskar-Morgenstern-Platz 1 1.Stock
- Friday 08.03. 15:00 - 16:30 Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Stock
- Thursday 14.03. 16:45 - 18:15 Seminarraum 5 Oskar-Morgenstern-Platz 1 1.Stock
- Friday 15.03. 15:00 - 16:30 Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Stock
- Thursday 21.03. 16:45 - 18:15 Seminarraum 5 Oskar-Morgenstern-Platz 1 1.Stock
- Friday 22.03. 15:00 - 16:30 Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Stock
- Thursday 28.03. 16:45 - 18:15 Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Stock
- Friday 29.03. 15:00 - 16:30 Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Stock
- Thursday 04.04. 16:45 - 18:15 Seminarraum 5 Oskar-Morgenstern-Platz 1 1.Stock
- Friday 05.04. 15:00 - 16:30 Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Stock
- Thursday 11.04. 16:45 - 18:15 Seminarraum 5 Oskar-Morgenstern-Platz 1 1.Stock
- Friday 12.04. 15:00 - 16:30 Seminarraum 16 Oskar-Morgenstern-Platz 1 3.Stock
- Thursday 02.05. 16:45 - 18:15 Seminarraum 5 Oskar-Morgenstern-Platz 1 1.Stock
- Friday 03.05. 15:00 - 16:30 Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Stock
- Thursday 09.05. 16:45 - 18:15 Seminarraum 5 Oskar-Morgenstern-Platz 1 1.Stock
- Friday 10.05. 15:00 - 16:30 Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Stock
- Thursday 16.05. 16:45 - 18:15 Seminarraum 5 Oskar-Morgenstern-Platz 1 1.Stock
- Friday 17.05. 15:00 - 16:30 Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Stock
- Wednesday 22.05. 16:45 - 18:15 Seminarraum 5 Oskar-Morgenstern-Platz 1 1.Stock
- Thursday 23.05. 16:45 - 18:15 Seminarraum 5 Oskar-Morgenstern-Platz 1 1.Stock
- Friday 24.05. 15:00 - 16:30 Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Stock
- Friday 31.05. 15:00 - 16:30 Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Stock
- Thursday 06.06. 16:45 - 18:15 Seminarraum 5 Oskar-Morgenstern-Platz 1 1.Stock
- Friday 07.06. 15:00 - 16:30 Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Stock
- Friday 21.06. 15:00 - 16:30 Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Stock
- Thursday 27.06. 16:45 - 18:15 Hörsaal 3 Oskar-Morgenstern-Platz 1 Erdgeschoß
- Friday 28.06. 15:00 - 16:30 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
Information
Aims, contents and method of the course
Assessment and permitted materials
The grade of the course will be assessed using these criteria:
-Final exam and quizzes (40%).
-Presentation (30%).
-Research Proposal (30%).
-Final exam and quizzes (40%).
-Presentation (30%).
-Research Proposal (30%).
Minimum requirements and assessment criteria
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.
Examination topics
Reading list
Association in the course directory
Last modified: Mo 07.09.2020 15:28
-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 and that I will use data from experiments, data from surveys, data from economic phenomena, and your own decisions!