Economics and Psychology, Spring 2004
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| Type: | Course Related Materials |
| Grade Level: | Post-secondary |
Author: Gabaix, Xavier
Subject: Social Sciences
Institution Name:
M.I.T.
Collection Name: MIT OpenCourseWare
Abstract: Integrates psychological insights into economic models of behavior. Discusses the limitations of standard economic models and surveys the ways in which psychological experiments have been used to learn about preferences, cognition, and behavior. Topics include trust, vengence, fairness, impatience, impulsivity, bounded rationality, learning, reinforcement, classical conditioning, loss-aversion, over-confidence, self-serving biases, cognitive dissonance, altruism, subjective well-being, and hedonic adaptation. Economic concepts such as equilibrium, rational choice, utility maximization, Bayesian beliefs, game theory, and behavior under uncertainty are discussed in light of these phenomena.
Details
Course Type: Full Course
Material Types: Homework and Assignments, Lecture Notes, Syllabi
Media Formats: Text/HTML, Downloadable docs
Language: English
Additional Information
Geographic
Regional Relevance: All
