Behavioural economics
Informacje ogólne
Kod przedmiotu: | 2400-ZEWW803 |
Kod Erasmus / ISCED: |
14.3
|
Nazwa przedmiotu: | Behavioural economics |
Jednostka: | Wydział Nauk Ekonomicznych |
Grupy: |
Anglojęzyczna oferta zajęć WNE UW |
Punkty ECTS i inne: |
(brak)
|
Język prowadzenia: | angielski |
Rodzaj przedmiotu: | nieobowiązkowe |
Skrócony opis: |
Course lecturers • Introduction to the philosophy of science • Heterodox tradition vs Orthodox economics • The History of Rationality • From Bounded Rationality to Behavioral Economics • Preferences and Utility • Weak and Strong Revealed Preference axiom • Decision under Uncertainty • Expected Utility Theory, Probability and Statistic • Classical and Behavioral Game Theory • Some Paradoxes • Prospect Theory • Introduction to neuroeconomics |
Pełny opis: |
Course description (1000 characters max) This course provides an overview of behavioral economics a relatively new field of economics. Behavioral economics looks to explain how individual actually behave and make choices in practice by combining psychology and economics and explain its irrational behavior. In this course, we will be looking at models with precisely formulated by relaxing traditional assumptions and incorporating descriptively accurate assumptions about cognitive ability and human behaviors. The course is graded based on tuition group grade (30%) and a final exam (70%). The final exam is a multiple choice test which verifies theoretical knowledge and practical skills |
Literatura: |
There is no required textbook for this class. The course will be based mainly on research articles but below are some interesting books for this course: • Introduction to behavioral economics by: David R. Just • Theory of games and economic behavior by: John von Neuman and Oskar Morgenstern • Risk, Uncertainty and Profit by: Frank.H.Knight • Cognitive Psychology by: Robert.J.Sternberg and Karin Stenberg • The Bounds of Reasons by : Herber Ginits • Neuroeconomics , Decision Making and the Brain Edited by: Paul W. Glimcher and Ernst Fehr • Prospect Theory for Risk and Ambiguity by: Peter P.Wakker |
Efekty uczenia się: |
On successful completion of this course students should be able to : • Understand the oppositeness between conventional economics and behavioral economics. • Understand historical roots and development of behavioral economics and how we can relate it to traditional neoclassical economics. • Demonstrate the key theoretical and empirical tools of modern behavioral economics. • Understand of how psychology often affects economic decisions and how experimental findings have shaped modern economics. • Understand how Neuroeconomics make bridge between the disciplines of neuroscience, psychology, and economics. |
Metody i kryteria oceniania: |
Assessment criteria and evaluation methods ( 4000 characters max) Students will be assessed by the following parts: Final exam (70%) Project report and homework (20%) In-class Performance (10%) So attendance in class is highly encouraged. |
Właścicielem praw autorskich jest Uniwersytet Warszawski, Wydział Nauk Ekonomicznych.