AEM 6140

Course information provided by the Courses of Study 2017-2018.

Behavioral economics integrates psychology and economics by identifying systematic anomalies in decision making. These are now recognized to be an important source of error in business decisions, and they provide the foundation for both behavioral marketing and finance. The course compares rational choice theory with behavior both in lecture and through a series of economics experiments in which students face situations that are likely to lead to anomalies such as "the winner's curse," the status quo bias, hyperbolic discounting, and bias in assessing risks. Students have the opportunity to evaluate their own decision making.

When Offered Fall.

Fees Course fee: $40.
Permission Note Enrollment limited to: graduate students.
Prerequisites/Corequisites Prerequisite: ECON 3030 or PAM 2000.

Outcomes
  • Students will be able to explain the major decision making anomalies that constitute the core of behavioral economics.
  • Apply lessons from behavioral economics to actual business decision making.
  • Design laboratory experiments testing hypotheses from economics and psychology that relate to economic decision making.
  • Explain IRB requirements and procedures regarding human subjects and confidentiality.
  • Administer experiments and analyze the data.

View Enrollment Information

Enrollment Information
Syllabi: none
  •   Choose one lecture and one discussion. Combined with: AEM 4140

  • 3 Credits Graded

  •  5057AEM 6140  LEC 001

  • Graduate students only. Undergrads must enroll in AEM 4140.

  •  5058AEM 6140  DIS 201

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    • Schulze, W