Course Description
This program integrates emotional insights into financial models of behavior. It discusses the limitations of standard financial designs and reviews the ways in that mental experiments have been accustomed read about needs, cognition, as well as behavior. Topics include: trust,vengeance, fairness, impatience, impulsivity, bounded rationality, understanding, reinforcement, traditional conditioning, loss-aversion, over-confidence, self-serving biases, intellectual dissonance, altruism, subjective well-being, and additionally hedonic adaptation.
Lecture Notes
Experiments Showing Bounded Rationality
Objections to Behavioral Economics, and Responses; Prospect Theory
Source
Gabaix, Xavier. 14.13 Economics and Psychology, Spring 2004. (Massachusetts Institute of Technology: MIT OpenCourseWare),http://ocw.mit.edu (Accessed 30 Jul, 2012). License: Creative Commons BY-NC-SA
