AEM 4140

AEM 4140

Course information provided by the Courses of Study 2023-2024.

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 Course fee: $40 for behavioral experiments in discussion sections.
Prerequisites/Corequisites Prerequisite: AEM 2600 or ECON 3030 or PUBPOL 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

Syllabi:
  •   Regular Academic Session.  Choose one lecture and one discussion.

  • 3 Credits Graded

  •  8414 AEM 4140   LEC 001

  • Instruction Mode: In Person
    Prerequisite: AEM 2600, ECON 3030 or PAM 2000. There is a $40 course fee. Students will need to bring their own laptop to discussion (DIS) each week.

  •  8415 AEM 4140   DIS 201

  • Instruction Mode: In Person

Syllabi:
  •   Regular Academic Session.  Choose one lecture and one discussion.

  • 3 Credits Graded

  •  8498 AEM 4140   LEC 002

  • Instruction Mode: In Person
    Prerequisite: AEM 2600, ECON 3030 or PAM 2000. There is a $40 course fee. Students will need to bring their own laptop to discussion (DIS) each week.

  •  8502 AEM 4140   DIS 202

  • Instruction Mode: In Person