AEM 6140

AEM 6140

Course information provided by the Courses of Study 2020-2021.

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 preference given to: MPS students in Applied Economics and Management.
Prerequisites/Corequisites Prerequisite: AEM 2600 or ECON 3030 or PAM 2000 or equivalent.
Forbidden Overlaps Forbidden Overlap: due to an overlap in content, students will not receive credit for both AEM 4140 and AEM 6140.

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: 2 available
  •   Regular Academic Session.  Choose one lecture and one discussion.

  • 3 Credits Graded

  • 14242AEM 6140  LEC 001

  • Instruction Mode: In Person Transition to Online
    Enrollment limited to students in MPS-AEM.
    Enrollment limited to students who are able to attend in-person classes in the Ithaca area.

  • 21299AEM 6140  LEC 002

    • MOnline Meeting
    • Sep 2 - Dec 16, 2020
    • Just, D

  • Instruction Mode: Online

  • 14243AEM 6140  DIS 201

    • WOnline Meeting
    • Sep 2 - Dec 16, 2020
    • Just, D

  • Instruction Mode: Online

  • 14632AEM 6140  DIS 202

    • WOnline Meeting
    • Sep 2 - Dec 16, 2020
    • Just, D

  • Instruction Mode: Online