Universität Wien FIND

040832 UK Behavioral and Experimental Economics (MA) (2018W)

8.00 ECTS (4.00 SWS), SPL 4 - Wirtschaftswissenschaften
Continuous assessment of course work

Details

max. 50 participants
Language: English

Lecturers

Classes (iCal) - next class is marked with N

Tuesday 02.10. 18:30 - 20:00 Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Stock
Thursday 04.10. 15:00 - 16:30 Seminarraum 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
Tuesday 09.10. 18:30 - 20:00 Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Stock
Thursday 11.10. 15:00 - 16:30 Seminarraum 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
Tuesday 16.10. 18:30 - 20:00 Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Stock
Thursday 18.10. 15:00 - 16:30 Seminarraum 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
Tuesday 23.10. 18:30 - 20:00 Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Stock
Thursday 25.10. 15:00 - 16:30 Seminarraum 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
Tuesday 30.10. 18:30 - 20:00 Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Stock
Tuesday 06.11. 18:30 - 20:00 Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Stock
Thursday 08.11. 15:00 - 16:30 Seminarraum 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
Tuesday 13.11. 18:30 - 20:00 Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Stock
Thursday 15.11. 15:00 - 16:30 Seminarraum 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
Tuesday 20.11. 18:30 - 20:00 Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Stock
Thursday 22.11. 15:00 - 16:30 Seminarraum 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
Tuesday 27.11. 18:30 - 20:00 Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Stock
Thursday 29.11. 15:00 - 16:30 Seminarraum 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
Tuesday 04.12. 18:30 - 20:00 Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Stock
Thursday 06.12. 15:00 - 16:30 Seminarraum 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
Tuesday 11.12. 18:30 - 20:00 Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Stock
Thursday 13.12. 15:00 - 16:30 Seminarraum 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
Tuesday 08.01. 18:30 - 20:00 Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Stock
Thursday 10.01. 15:00 - 16:30 Seminarraum 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
Tuesday 15.01. 18:30 - 20:00 Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Stock
Thursday 17.01. 15:00 - 16:30 Seminarraum 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
Tuesday 22.01. 18:30 - 20:00 Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Stock
Thursday 24.01. 15:00 - 16:30 Seminarraum 1 Oskar-Morgenstern-Platz 1 Erdgeschoß
Tuesday 29.01. 18:30 - 20:00 Seminarraum 3 Oskar-Morgenstern-Platz 1 1.Stock
Thursday 31.01. 15:00 - 16:30 Seminarraum 1 Oskar-Morgenstern-Platz 1 Erdgeschoß

Information

Aims, contents and method of the course

The course provides an overview on the most important topics in Behavioral and Experimental Economics. Behavioral economics attempts to make economics a more relevant and powerful science of human behavior by integrating insights from psychology and the social sciences into economics. Experimental economics adapts methods developed in the natural sciences to study economic behavior. Experiments are valuable in testing to what extent the integration of insights from other disciplines into economics is necessary and fruitful.

Behavioral and Experimental Economics is a vibrant field of research in economics and sheds new light on many old and important issues in economics. The field has received wide recognition in recent years, for example by the award of the Nobel Prize in Economics 2002 to Daniel Kahneman and Vernon Smith (the Nobel Prize winners Reinhard Selten 1994, Elinor Ostrom in 2009, and Alvin Roth 2012 have also importantly contributed to Experimental Economics; the winners George Akerlof 2001 and Robert Shiller 2013 have contributed to Behavioral Economics). The field is rapidly growing. While this course can therefore not completely review every aspect of the field, it nonetheless tries to present an overview of important topics.

In particular, the course will discuss the following topics:
• Introduction: experimental method
• Individual Choice: biases & heuristics
• Market experiments & auctions
• Modeling of boundedly rationale behavior
• Fairness, social norms and public goods
• Happiness, neuroeconomics, and field experiments.

Assessment and permitted materials

Grading will be as follows. There will be two exams:
1) Midterm exam (closed book, English, 50% of final grade). It reviews what has been discussed during the lecture so far.
2) The final exam covers the content of the entire lecture but concentrates on what has been
discussed in the second half of the course (closed book, English, 50% of final grade).

Minimum requirements and assessment criteria

A good knowledge of microeconomics and game theory is required.

Examination topics

Reading list

The main references are selected journal articles to be announced in the respective lectures notes.

Association in the course directory

Last modified: Fr 25.01.2019 09:27