AEM 4140

AEM 4140

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 Spring.

Fees Lab fee: $40.
Permission Note Enrollment limited to: juniors or seniors. Enrollment preference given to: Dyson students.
Prerequisites/Corequisites Prerequisite: AEM 2600 or 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: 1 available
  •   Regular Academic Session.  Choose one lecture and one discussion.

  • 3 Credits Graded

  • 17755AEM 4140  LEC 001

    • TOnline Meeting
    • Feb 8 - May 14, 2021
    • Fisher, G

  • Instruction Mode: Online
    Prerequisite: AEM 2600, ECON 3030 or PAM 2000. Enrollment limited to: juniors and seniors. Preference given to Dyson students. Non-Dyson students should place themselves on the waitlist during the pre-enrollment period.

  • 17756AEM 4140  DIS 201

    • ROnline Meeting
    • Feb 8 - May 14, 2021
    • Fisher, G

  • Instruction Mode: Online

  • 17758AEM 4140  DIS 203

    • ROnline Meeting
    • Feb 8 - May 14, 2021
    • Fisher, G

  • Instruction Mode: Online