Psychology for Economists
Behavioral economics couples scientific research on the psychology of decision making with economic theory to better understand what motivates investors, employees, and consumers. An examination of topics such as how emotion rather than cognition determines economic decisions, “irrational” patterns of how people think about money and investments, how expectations shape perceptions, economic and psychological analyses of dishonesty by presumably honest people, and how social and financial incentives combine to motivate labor by everyday workers and CEOs alike. Pre-requisites: ECON205D and 210D. One course.