Behavioural Economics

Explore the psychological underpinnings of economic decisions, cognitive biases, intertemporal choice, and nudging.

Year 2
Term 5

Course Overview

This course investigates how actual human behavior departs from the classical assumption of the rational economic agent (homo economicus). You will study cognitive heuristics and systematic biases, risk preferences under prospect theory, time-inconsistent behavior and self-control issues, the architecture and ethics of nudging, and how to design and analyze economic experiments.

What You'll Learn

  • Heuristics, Biases and Risk Preference
  • Impatience, Self-control and Strategic Thinking
  • Nudges and Public Policy
  • The Experimental Approach

Course Content

  • Heuristics, Biases and Risk Preference Notes

    Master the fundamentals of cognitive heuristics, systematic biases, and prospect theory as alternatives to expected utility theory.

    View Notes

  • Heuristics, Biases and Risk Preference Assessment

    Evaluate decision-making under uncertainty, prospect theory calculations, and cognitive anomalies.

    10 Questions
    Take Test