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Econ 219B, Applications of Psychology and Economics
Spring 2012
Course Information
Problem Sets
- Problem Set #1: Due in class on Jan. 25, 2012, Present Bias and Retirement Savings
Data for the 219B Problem Set
Lecture Notes
- 01/18/2012: Lecture 1: Introduction, Psychology and Economics: The Methodologies, The Fields; Present-Biased Preferences, Part 1, Status-Quo in Financial Decisions I and Methodological Topic: Reading the Psychology Journals
- 01/25/2012: Lecture 2: Present-Biased Preferences, Part 2, Status-Quo in Financial Decisions II, Consumption Choices
- 02/01/2012: Lecture 3: Present-Biased Preferences, Part 3, Life-Cycle Savings, Summary of the Applications, Methodological Topic: Commitment Field Experiment Designs and Common Errors in Applying Present-Biased Preferences
- 02/08/2012: Lecture 4: Reference Dependence, Introduction, Endowment Effect, Methodology: Effect of Experience, Reference Dependence: Housing, Mergers and Insurance
02/15/2012: Lecture 5: Reference Dependence: Labor Supply, Disposition Effect, Equity Premium, Domestic Violence and Employment and Effort
- 02/22/2012: Lecture 6: Social Preferences, Part 1, Field Evidence of Gift Exchange, Workplace Relations, and Charitable Giving I
- 02/29/2012/ Lecture 7: Social Preferences: Charitable Giving II, Non-Standard Beliefs, Overconfidence and Law of Small Numbers
- 03/07/2012: Lecture 8: Projection Bias, Non-Standard Decision-Making, Attention: Introduction, Simple Model, eBay Auctions and Taxes
- 03/21/2012: Lecture 9: Framing, Menu Effects: Introduction, Excess Diversification, Methodology II: Clustering Standard Errors, Menu Effects: Choice Avoidance, Preference for Familiar, Preference for Salient and Confusion
- 04/04/2012: Lecture 10: Menu Effects, Part 2, Confusion, Persuasion, Social Pressure, Emotions: Mood and Methodological Topic: Do Markets Eliminate Biases?
- 04/11/2012: Lecture 11: Emotions: Arousal, Methodological Topic: Lab and Field Experiments, Methodological Topic: Human Subjects Approval, Behavioral Labor and Behavioral Corporate Finance and
Handout: Acland CPHS presentation
- 04/18/2012: Lecture 12: Market Reaction to Biases, Part 1, Behavioral IO and Behavioral Finance
- 04/25/2012: Lecture 13: Welfare Response to Biases, Summary of Evidence and Concluding Remarks
Past Exams: