ECON 4800 - Experimental and Behavioral Economics3 credit hours
Prerequisites: ECON 2410 and ECON 2420 ; admission into the College of Business; junior standing preferred. Concepts in behavioral economics and current research methods in experimental economics. Focuses on common behavioral tendencies not well integrated into standard neoclassical economic theory. Topics include other regarding preferences, risk aversion, sunk cost fallacies, endowment effects, and common biases and errors in judgment and decision making. Explores current experimental research methods for identifying and quantifying such effects.
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