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as of 11/21/2019

BEHAVIORAL ECONOMICS
Country - Partner Institution - Programs: Japan - Waseda University - 'Waseda University'
UC Course SubjectEconomics
Number & Suffix: 135
Full UC Title: BEHAVIORAL ECONOMICS 
Transcript Title: BEHAVIORAL ECON 
UC QTR Units - Division: 3.0 - Upper Division 
Course Description: This course is an introduction to methods on how to analyze individual decision making based on behavioral economics. Behavioral economics uses cognitive and emotional factors in understanding the economic decisions of individuals and societies. From the 1990s, researchers in economics started expanding the scope of their formal, mathematical models to encompass some types of behavior that were found in behavioral economics though they were at odds with the standard economic theory. The course mainly discusses behavioral decision-making theory. Standard economics usually assume the following two assumptions to analyze individual decision making. First, an individual forms beliefs describing the probabilities of all choices, and after receiving new information, an individual updates his/her beliefs in correct way according to probability theory. Second, an individual acts as if s/he is maximizing an expected utility. However, behavioral economics indicate that people do not behave as like standard economics assumed. Assessment: exam, quizzes. 
Language of Instruction: English
 
Partner Title: BEHAVIORAL ECONOMICS 01 
Partner University Department: Economics 
Partner University Course Number: ECNT331L