Surveys research which incorporates psychological evidence into economics. Prospect theory. Biases in probabilistic judgment. Self-control and mental accounting with implications for consumption and savings. Fairness, altruism, and public goods contributions. Financial market anomalies and theories. Impact of markets, learning, and incentives. Some evidence on memory, attention, categorization, and the thinking process.
Integrates psychological insights into economic models of behavior. 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, vengence, 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.
" This course is an examination of philosophical theories of action and motivation in the light of empirical findings from social psychology, sociology, and neuroscience. Topics include belief, desire, and moral motivation; sympathy and empathy; intentions and other committing states; strength of will and weakness of will; free will; addiction and compulsion; guilt, shame and regret; evil; self-knowledge and self-deception; and, virtues and character traits. This course is a CI-M course."
This course will introduce you to the concepts of social psychology, which focuses primarily on the individual's psychology as part of the group or society. Because humans are social creatures and almost invariably exist in a social context, social psychology deals with a huge range of aspects of human life, including love, attraction, aggression, helping behaviors (or altruism), and obedience. Upon successful completion of this course, students will be able to: Identify the specific areas of research interest within the field of social psychology; Read and understand articles pertaining to experiments and other empirical research in the field of social psychology; Outline the basic methodology, results, and impact of seminal research studies in social psychology (e.g., Milgram's study, Asch's study, Festinger's study, etc.); Explain how the notion of the 'self' contributes to cognitive processes in social interaction; Demonstrate an awareness of the main research findings in the area of social persuasion; Define the term 'attitude' and identify the mechanisms behind attitude change; Discuss the cognitive and affective theories/components linked to stereotypes, prejudice, and discrimination; Identify the basic properties of and factors involved in interpersonal attraction and the formation and maintenance of relationships; Demonstrate an awareness of the breadth and importance of social psychological research and its impact in the field of psychology. (Psychology 301)
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