200110 SE Advanced Seminar: Work, Economy, and Society (2018W)
From heuristics to nudges with a practical mindset.
- Registration is open from Mo 03.09.2018 07:00 to Tu 25.09.2018 07:00
- Deregistration possible until We 03.10.2018 07:00
Classes (iCal) - next class is marked with N
Aims, contents and method of the course
Assessment and permitted materials
- grade for group presentation
- at the beginning of every seminar, you will be taking a mini-test (three-four brief questions, 10 minutes and you can choose which 3-4 you want to answer from a pool of 20 questions) involving questions about the papers that are scheduled to be discussed on the particular occasion. This will not be hard (don't be scared :), like I said you will be able to cherry pick the questions you want to answer) but assures that you have read the to-be-discussed papers. Teaching is much more productive if we all have read the material we are discussing :). Performance on these mini-tests will be counted towards your final grade.
- participation in the discussions
Minimum requirements and assessment criteria
- group presentation
- completed mini-tests
Camerer, C. (1999). Behavioral economics: Reunifying psychology and economics. Proceedings of National Academy of Sciences, 96, 10575-10577.
Camerer, C. & Loewenstein, G. (2011). "Behavioral Economics: Past, Present, Future." In: Camerer, C., Loewenstein, G. & Rabin, M. (eds.), Advances in Behavioral Economics. 3-51.
Kahneman, D. (2003) "Maps of Bounded Rationality: Psychology for Behavioral Economics." American Economic Review, 93(5), 1449-1475.2. Heuristics, biases and framing
Tversky, A., and D. Kahneman. (1974). Judgement Under Uncertainty: Heuristics and Biases. Science, 185, 1124-1131.
Tversky, A., and D. Kahneman. (1981). The Framing of Decisions and The Psychology of Choice. Science, 211, 453-458.
Heath, C., & Soll, J. B. (1996). Mental budgeting and consumer decisions. Journal of Consumer Research, 23(1), 40-52.3. Endowment Effect:
Kahneman, D., Knetsch, J. L., & Thaler, R. H. (1991). Anomalies: The endowment effect, loss aversion, and status quo bias. Journal of Economic Perspectives, 5(1), 193-206.
Carmon, Z., & Ariely, D. (2000). Focusing on the forgone: How value can appear so different to buyers and sellers. Journal of Consumer Research, 27(3), 360-370.
Brenner, L., Rottenstreich, Y., Sood, S., & Bilgin, B. (2007). On the psychology of loss aversion: Possession, valence, and reversals of the endowment effect. Journal of Consumer Research, 34(3), 369-376.4. Ambiguity and Ambiguity aversion:
Fox, C. R., & Tversky, A. (1995). Ambiguity aversion and comparative ignorance. The Quarterly Journal of Economics, 110(3), 585-603.
Fox, C. R., & Weber, M. (2002). Ambiguity aversion, comparative ignorance, and decision context. Organizational Behavior and Human Decision Processes, 88(1), 476-498.
Pulford, B. D. (2009). Short article: Is luck on my side? Optimism, pessimism, and ambiguity aversion. Quarterly Journal of Experimental Psychology, 62(6), 1079-1087.
Van Dijk, E., & Zeelenberg, M. (2003). The discounting of ambiguous information in economic decision making. Journal of Behavioral Decision Making, 16(5), 341-352.5. Affective forecasting:
Wilson, T. D., & Gilbert, D. T. (2005). Affective forecasting: Knowing what to want. Current Directions in Psychological Science, 14(3), 131-134.
Daniel T. Gilbert, Michael J. Gill, Timothy D. Wilson (2002). The Future Is Now: Temporal Correction in Affective Forecasting. Organizational Behavior and Human Decision Processes, 88(1), 430-444.
Deborah A. Kermer, Erin Driver-Linn, Timothy D. Wilson, Daniel T. Gilbert Loss Aversion Is an Affective Forecasting Error. Psychological Science 17(8), 649 – 653.6. Asymmetric paternalism and Choice architecture:
Thaler, R. H., & Sunstein, C. R. (2003). Libertarian paternalism. American Economic Review, 93(2), 175-179.
Johnson, E. J., & Goldstein, D. (2003). Do defaults save lives?. Science, 302(5649), 1338.
Thaler, R. H., Sunstein, C. R., & Balz, J. P. (2014). Choice architecture. Find here: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2536504
Loewenstein, G., & Chater, N. (2017). Putting nudges in perspective. Behavioural Public Policy, 1(1), 26-53.
Sunstein, C. R. (2017). Misconceptions About Nudges. Find here: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3033101