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Econ 219B, Applications of Psychology and Economics
Spring 2009
Course Syllabus:
Lecture Notes:
- 01/21/09: Lecture #1 - Introduction, Psychology and Economics: The Methodologies, The Fields, Present-Biased Preferences, Part 1
- 01/28/09: Lecture #2 - Present-Biased Preferences, Part 2, Status-Quo in Financial Decisions, Consumption Choices
- 02/04/09: Lecture #3 - Present-Biased Preferences, Part 3, Consumption Choices, Life-Cycle Savings I, Summary of the Applications
- 02/11/09: Lecture #4 - Reference Dependence, Part 1, Endowment Effect, Daily Labor Supply
- 02/18/09: Lecture #5 - Reference Dependence, Part 2, Insurance Choices, Financial Decisions, Effort on the Job, Housing Market
- 02/25/09: No Lecture
- 03/04/09: No Lecture
- 03/11/09: Lecture #6 - Reference Dependence: Housing, Disposition Effect, Equity Premium, and Employment and Effort
- 03/18/09: Lecture #7 - Social Preferences: Introduction, The Workplace, Gift Exchange in the Field and Methodology: Field Experiments
- March 25 – Spring Break – No Lecture
- 04/02/09: Lecture #8 - Social Preferences: Charitable Giving, Non-Standard Beliefs, Overconfidence, Law of Small Numbers & Projection Bias
- 04/08/09: Lecture #9 - Law of Small Numbers, Projection Bias, Non-Standard Decision-Making Attention: Introduction , Simple Model, eBay Auctions, Taxes & Financial Markets, Methodology: Portfolio Methodology
- 04/15/09: Lecture #10 - Menu Effects: Introduction, Excess Diversification, Methodology: Clustering Standard Errors, Menu Effects: Choice Avoidance, Preference for Familiar, Preference for Salient and Confusion
- 04/22/09: Lecture #11 - Menu Effect: Confusion, Framing, Social Pressure and Persuasion
- 04/29/09: Lecture #12 - Social Pressure II, Emotions: Mood & Arousal, Methodology: Lab and Field, Market Reaction to Biases: Introduction & Pricing and Human Subjects Approval
- 05/06/09: Lecture # 13 - Market Reaction to Biases: Pricing II, Behavioral Finance, Corporate Decisions, Employers, Political Economy and Welfare Response to Biases, Methodology: Markets and Non-Standard Behavior, Summary of Evidence & Concluding Remarks
Problem Sets:
Past Exams: