Behavioral Economics
The course introduces students to behavioral economics as a method of analysis that incorporates insights from several disciplines, including psychology and sociology, into the basic economic model of decision-making. Behavioral economics broadens the scope of analysis of how people make decisions to take into account, for example, social norms, the role of trust and the prevalence of biases. By unpacking the varied and complex motivations behind decision-making, behavioral economics enriches the standard economic model.