14.13 Economics and Psychology, Spring 2004

Author(s)
Gabaix, Xavier
Thumbnail
Download14-13-spring-2004/contents/index.htm (34.55Kb)
Alternative title
Economics and Psychology
Terms of use
This site (c) Massachusetts Institute of Technology 2021. Content within individual courses is (c) by the individual authors unless otherwise noted. The Massachusetts Institute of Technology is providing this Work (as defined below) under the terms of this Creative Commons public license ("CCPL" or "license") unless otherwise noted. The Work is protected by copyright and/or other applicable law. Any use of the work other than as authorized under this license is prohibited. By exercising any of the rights to the Work provided here, You (as defined below) accept and agree to be bound by the terms of this license. The Licensor, the Massachusetts Institute of Technology, grants You the rights contained here in consideration of Your acceptance of such terms and conditions. Attribution-NonCommercial-ShareAlike 3.0 Unported http://creativecommons.org/licenses/by-nc-sa/3.0/
Metadata
Show full item record
Abstract
This course integrates psychological insights into economic models of behavior. It discusses the limitations of standard economic models and surveys the ways in which psychological experiments have been used to learn about preferences, cognition, and behavior. Topics include: trust, vengeance, fairness, impatience, impulsivity, bounded rationality, learning, reinforcement, classical conditioning, loss-aversion, over-confidence, self-serving biases, cognitive dissonance, altruism, subjective well-being, and hedonic adaptation. Economic concepts such as equilibrium, rational choice, utility maximization, Bayesian beliefs, game theory, and behavior under uncertainty are discussed in light of these phenomena.
Date issued
2004-06
URI
https://hdl.handle.net/1721.1/136760
Department
Massachusetts Institute of Technology. Department of Economics
Other identifiers
14.13-Spring2004
Other identifiers
14.13
IMSCP-MD5-24404fe41a4c7f0d62dae35021695070
Keywords
behavioral economics, finance, psychology, prospect, prospect theory, bias, probabilistic judgment, self-control, mental accounting, fairness, altruism, public goods, market anomalies, market theories, economics, psychology, behavior, preferences, cognition, trust, vengence, fairness, impatience, impulsivity, bounded rationality, learning, reinforcement, classical conditioning, loss-aversion, over-confidence, self-serving biases, cognitive dissonance, altruism, subjective well-being, hedonic adaptation, equilibrium, rational choice, utility maximization, Bayesian beliefs, game theory, neuroeconomics, prospect theory
Collections

The following license files are associated with this item: