Behavioural Economics

I currently teach master-level Behavioral Economics course at Ca’ Foscari University of Venice.

2016/2017 BEHAVIOURAL ECONOMICS EM2Q09

The course aims to provide students with a grounding in the main areas of behavioral economics, by focusing on behavioral implications of theoretical models and on experimental evidence in economics. These main areas include bounded rationality, non-rational expectations, decision-making under risk and uncertainty, inattention, imperfect understanding of probabilities,  other regarding preferences, inter-temporal decision-making, behavioral game theory, emotions and libertarian paternalism.

For each area, the focus will be on three points:

  • discussion/review of traditional economic models and evidence that indicates that such models of fully-informed economic agent fail to adequately capture and explain some important real-world behavioral aspects or anomalies, at both individual- and group-levels;
  • study of the behavioral models that have been developed to capture these aspects;
  • application of these models to different economic fields, especially with respect to more recent contributions.

In particular, lectures will deal with the first two points, while the third one will be developed by means of assignments over the semester. Course activities include 90 minute lectures, frequent quizzes on assigned readings at the beginning of selected classes, a 2 person group class presentation on a paper focusing on a method or instrument frequently used by behavioral economists, a group experimental research project, a paper, a homework portfolio of exercises and analyses on an example data set, and a final exam.The course syllabus well be available for download from the official course website. The course is taught in English.