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as of 12/12/2017

BEHAVIORAL ECONOMICS
Country - Partner Institution - Programs: China - Peking University, Beijing - 'Peking Univ.'
UC Course SubjectEconomics
Number & Suffix: 131
Full UC Title: BEHAVIORAL ECONOMICS 
Transcript Title: BEHAVIORAL ECONOMIC 
UC QTR Units - Division: 4.5 - Upper Division 
Course Description: Behavioral economics is one of the most popular and frontier research fields in economics. This field investigates whether the classical rationality assumption in economics is an accurate reflection of people‚Äôs decision making process. By combining psychology and analytical tool of economics, behavioral economics explores how psychological factors affect economic decision making and further proposes policy advice. This perspective is important for us to understand the recent financial crisis and decision making in reality. This course systematically introduces the contents and methodology of behavior economics, its historical root and development history, and in particular its relationship with neoclassical economics. The course discusses many laboratory experiments, field experiments and natural field data to shed light on how human behavior systematically deviates from rationality assumption in certain cases. The main topics include: social preferences, reference-deponent preferences, time inconsistency and self control problem, probabilistic judgment, overconfidence and limited strategic reasoning. Assessment: attendance/homework (25%), presentation (25%), group proposal (50%). 
Language of Instruction: Chinese
 
Partner Title: BEHAVIORAL ECONOMICS 
Partner University Department: Guanghua School of Management 
Partner University Course Number: 02831160