Behavioral Economics
- Bachelor, study Phase 2
- Summer term
- Lecture and tutorial
- Teaching language: English
Description:
Behavioral Economics is a branch of economics that seeks to explain many of the departures of decision-makers from what would be predicted by standard economic theory. If you have ever paid for a gym membership and never gone, if you buy a lottery ticket but also buy insurance, if you donated blood, or given in to temptation, your decision is not explainable by the standard theory. Behavioral Economics makes use of knowledge from psychology to make sense of and construct alternative models of individual decision-making.
GRIPS-course
Content
- Choice under Certainty
- Risk and Uncertainty
- Choice under Risk and Uncertainty
- Intertemporal Choices
- Social Preferences
Objectives
The three main objectives are:
- To reinforce students' knowledge of the core models of decision making used in economics.
- To make students aware of a broad range of departures from the "rational" and "self-interested" behavior assumed by models in economics and introduce them to the most popular alternative models from behavioral economics that are used to explain them.
- To give students sufficient knowledge so that they can recognise departures from rational behavior in their own decisions and those of others so that they can make better decisons in the future.
Florian Engl - 08.04.2024 17:05 
- Faculty of Business, Economics, Management Information Systems
- Institut für Volkswirtschaftslehre und Ökonometrie
Chair of Economic Psychology and Ethics
CHAIRHOLDER
Prof. Dr. Florian Engl
E-Mail: florian.engl@ur.de
Phone: +49 941 943 3259
Office: RW(L) 4.11
Office hours: by arrangement