Behavioural economists develop formal models of human behaviour that are more psychologically realistic than standard economic models. This subject introduces students to research demonstrating departures from perfect rationality and self-interested behaviour, and to formal models of behaviour that were developed in response to these findings. Particular topics will include present-biased preferences, reference-dependence, loss-aversion, belief biases, social-preferences, framing, and happiness research. Implications to public policy would also be considered. -- Course Website
Prerequisites: Subject Study Period Commencement: Credit Points: ECON20002 Intermediate Microeconomics Summer Term, Semester 1 12.50
