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Econ 219B, Applications of Psychology and Economics
Spring 2008
Reading List
Lecture Notes
- 01/23/08: Lecture 1 - Psychology and Economics: The Topics, Empirical Methods, The Fields; Defaults and 401(k))
- 01/31/08: Lecture 2 - (Please note correction 2008 not 2007) Default Effects and 401(k)s, Present Bias: Default Effects,
Consumption, Homework - 02/06/08: Lecture 3 - Financial Education, Present Bias: Health-Club Industry, Credit Card Industry, Consumption and Savings
- 02/13/08: Lecture 4 - Leisure Goods: Commitments and Savings, Five More Applications of Present Bias, Present Bias: Summary, Methodology: Errors in Applying Present-Biased Preferences, Reference Dependence: Introduction, and Endowment Effect
02/20/08: Lecture 5 - Reference Dependence: Endowment Effect II, Metholodogy: Effect of Experience, Reference Dependence: Labor Supply - A Model, Labor Supply - The Evidence, Reference Dependence Insurance
02/27/08: Lecture 6 - Reference Dependence: Housing, Disposition Effect, Equity Premium, Employment and Effort
- 03/05/08: Lecture 7 - Social Preferences: Introduction, The Workplace, Gift Exchange in the Field, Social Preferences: Charitable Giving, Methodology: Field Experiments
- 03/12/08: Lecture 8 - Non-Standard Beliefs, Overconfidence, Law of Small Numbers and Projections Bias
- 03/19/08: Lecture 9 - Non-Standard Decision-Making, Attention: Introduction, Simple Model, eBay Auctions, Taxes, Financial Markets and Methodology: Portfolio Methodology
- 04/02/08: Lecture 10 - Menu Effects: Introduction, Excess Diversification, Choice Avoidance, Preference for Familiar and Preference for Salient
- 04/09/08: Lecture 11 - Menu Effect: Confusion, Human Subjects Approval, Social Pressure and Persuasion
- 04/16/08: Lecture 12 - Social Pressure II, Emotions: Mood and Arousal, Methodology: Lab and Field and Market Reaction to Biases: Introduction
- 04/23/08: Lecture 13 - Market Reactions to Biases: Introduction, Pricing, Intro to Problem Set, Market Reactions to Biases: Behavioral Finance
- 04/30/08: Lecture 14 - Market Reactions to Biases: Behavioral Finance, Corporate Decision, Employers, Political Economy and Welfare Response to Biases, Methodology: Markets and Non-Standard Behavior, Summary and Evidence, and Concluding Remarks
Problem Sets
Past Final Exam