Behavioral Economics and Decision Making

Abstract:

Have you ever wondered if people are *really* rational? For the last hundred years economic theory has been built on the underlying assumption that people are rational. The field of behavioral economics and decision making both challenge this fundamental assumption by showing in a variety context, people's judgments are not rational. In this brief six week course, we will go through an overview of some of the main points in the field exploring things like prospect theory, the endowment effect, hyperbolic discounting, priming, moral decision making, nonconscious priming, among a variety of other topics.

Subject:

Business

Grade Level:

Post-secondary

Collection:

Peer 2 Peer University