Keywords: prospect theory
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Behavioral Economics and Finance, Spring 2004
| Rating: | |
| Type: | Course Related Materials |
Subject: Social Sciences
Collection: MIT OpenCourseWare
Grade Level:
Post-secondary
Abstract: 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. ... More »
Economics and Psychology, Spring 2004
| Rating: | |
| Type: | Course Related Materials |
Subject: Social Sciences
Collection: MIT OpenCourseWare
Grade Level:
Post-secondary
Abstract: 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, ... More »
