Behavioral Economics

Instructor: 
Time I: 
Friday, 08:00am
Venue I: 
SPA1, R23
Description: 

Content of the course:

1. False perceptions:
narrow bracketing and other framing effect
probability updating errors
projection bias and time inconsistency
unawareness
exponential growth bias and other prediction errors
financial illiteracy

2. Preference anomalies:
probability weighting and prospect theory
present-biased preferences
ambiguity aversion

3. Interaction and markets:
markets with boundly rational agents
level-k and related models
course reasoning in markets

- A component of the seminar is an ungraded presentation.
- Organizational matters: Max. 20 participants.
- Please register with Professor Weizsäcker (weizsaecker@hu-berlin.de) until April 3, 2017.

Credits: 
9.00
Program: 
Semester: 
Spring 2017
Affiliation: 
Humboldt-Universität zu Berlin
End date of the whole course: 
Friday, July 21, 2017 - 10:00am