|Teaching method||Contact hours|
|Course coordinator(s)||dr. MJJ Handgraaf|
|Lecturer(s)||dr. ir. MJ Voors|
|dr. IV Levely|
|dr. MJJ Handgraaf|
|Examiner(s)||dr. MJJ Handgraaf|
Language of instruction:
Economic theories make assumptions about human behavior, such as rationality, self-control, self-interest, etc. This course adresses findings from Behavioral Economics that undermine these assumptions. Topics are:
- bounded rationality;
- bounded self-control;
- bounded self-interest;
- new methods, eg. neuro-economics;
The interactive part focuses on experimental methods to investigate such 'boundedness'. We discuss:
- standard paradigms;
- usefulness of experiments;
- experiments vs. real life;
The practical sessions provide hands-on experience with experiments:
- translating research questions into experiments;
- running studies.
After successful completion of this course students are expected to be able to:
- review behavioral economics theories;
- discuss boundedness of human thinking/deciding;
- evaluate experimental methods;
- design/run experiments;
- discuss emerging fields/topics.
- lectures: attending, studying book/articles;
- interactive lectures: discussion of findings/methods;
- practical sessions: participation in experiments, designing and setting them up;
- writing experimental proposals in small groups.
- quality of proposal;
- exam (Essay);
- Book: Wilkinson & Klaes, An Introduction to Behavioral Economics, 3rd ed.
- articles TBD.