UEC-51306 Behavioral & Experimental Economics


Credits 6.00

Teaching methodContact hours
Individual Paper2
Independent study0
Course coordinator(s)dr. MJJ Handgraaf
Lecturer(s)dr. MJJ Handgraaf
dr. ir. MJ Voors
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;
- implications.
The interactive part focuses on experimental methods to investigate such 'boundedness'. We discuss:
- methods;
- 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.

Learning outcomes:

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.


- participation;
- quality of proposal;
- exam (Essay);
(1/3 each).


- Book: Wilkinson & Klaes, An Introduction to Behavioral Economics, 3rd ed.
- articles TBD.