Магистратура 2023/2024

Поведенческая экономика

Статус: Курс по выбору (Прикладная социальная психология)

Направление: 37.04.01. Психология

Кто читает: Департамент психологии

Где читается: Факультет социальных наук

Когда читается: 2-й курс, 1, 2 модуль

Формат изучения: без онлайн-курса

Охват аудитории: для своего кампуса

Преподаватели: Паниди Ксения Андреевна

Прогр. обучения: Прикладная социальная психология

Язык: английский

Кредиты: 6

Контактные часы: 48

Course Syllabus

Abstract

The course introduces students to the field of behavioural economics a discipline which combines insights from economics and psychology, as well as others, like sociology or political science, to understand the nature and motives of human behaviour in individual and interactive decision-making. Behavioural economics combines the rigour of economic analysis of individual and interactive collective decisions with empirical facts about behaviour established through careful obervational and experimental studies. Experimental design and methods, with applications to the lab, field and nature, will be intergal part of the course. Finally, course participants will be enrolled in real research project they are supposed to complete in small groups of 2 4 members, and present its outcome in public at the end of the course. Prerequisites: This course requires completion of Micro 2, Statistics 2 and Econometrics courses of ICEF. Background in social sciences such as Sociology and Political Science, is welcomed, but not mandatory.

Learning Objectives

• 1. Familiarize students with contemporary experimental and empirical studies of human behaviour which emerged as a result of interdisciplinary research in economics, psychology and other social sciences
• 2. Develop critical thinking and working skills with contemporary research literature.
• 3. Enhance their creativity and capability to conduct independent research in the field of behavioural and social sciences, data analysis and interpretation

Expected Learning Outcomes

• - able to critically evaluate the main trends of modern economics, competently lead a discussion about the arguments in favor of each of them
• - able to organize the activities of a small group created for the implementation of a specific economic project
• - capable of setting research task and conducting empirical research, including problem analysis, setting goals and objectives, identifying the object and subject of research, choosing the means and methods of research, as well as assessing its quality

Course Contents

• 1. Introduction
• 2. Rationality and Human Behaviour
• 3. Economics and psychology: heuristics and biases paradigm
• 4. Theory of choice under risk: Expected Utility Theory, Prospect Theory and beyond
• 5. Experimental design
• 6. Dynamic choice
• 7. Interactive decisions: games and their empirical tests
• 8. Group decisions and social preferences
• 9. Market experiments and mechanism design
• 10. Tools: Experimental Software and Experimetrics

Assessment Elements

• Квиз
• Контрольная работа
• Презентация научной статьи
• Контрольная работа (2 модуль)
• Домашнее задание

Interim Assessment

• 2023/2024 2nd module
  0.075 * Домашнее задание + 0.075 * Домашнее задание + 0.075 * Квиз + 0.075 * Квиз + 0.3 * Контрольная работа + 0.25 * Контрольная работа (2 модуль) + 0.15 * Презентация научной статьи

Bibliography

Recommended Core Bibliography

• An introduction to behavioral economics, Wilkinson, N., 2012

Recommended Additional Bibliography

• Chris Starmer. (2000). Developments in Non-expected Utility Theory: The Hunt for a Descriptive Theory of Choice under Risk. Journal of Economic Literature, (2), 332. https://doi.org/10.1257/jel.38.2.332
• Colin F. Camerer, & Richard H. Thaler. (1995). Anomalies: Ultimatums, Dictators and Manners. Journal of Economic Perspectives, (2), 209. https://doi.org/10.1257/jep.9.2.209
• Duflo, E., Glennerster, R., & Kremer, M. (2008). Using Randomization in Development Economics Research: A Toolkit. Handbook of Development Economics, 3895. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.h.eee.devchp.5.61
• Ernst Fehr, & Simon Gächter. (2000). Cooperation and Punishment in Public Goods Experiments. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsbas&AN=edsbas.C8B1230
• Fehr, E., & Schmidt, K. M. (1999). A Theory of Fairness, Competition, and Cooperation. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsbas&AN=edsbas.8A52174F
• Gächter, S., & Herrmann, B. (2008). Reciprocity, culture and human cooperation: previous insights and a new cross-cultural experiment. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsbas&AN=edsbas.78FCB46
• Glenn Harrison. (2011). The methodological promise of experimental economics. Journal of Economic Methodology, (2), 183. https://doi.org/10.1080/1350178X.2011.580135
• Gneezy, & John A. List. (2006). Putting behavioral economics to work: Testing Gift Exchange in Labor Markets using Field Experiments,” Econometrica. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsbas&AN=edsbas.7848290C
• Kagel, J. H., & Levin, D. (1986). The Winner’s Curse and Public Information in Common Value Auctions. American Economic Review, 76(5), 894. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=bsu&AN=4498237
• Kahneman, D., & Tversky, A. (1979). Prospect Theory: An Analysis of Decision under Risk. Econometrica, (2), 263. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.a.ecm.emetrp.v47y1979i2p263.91
• Koszegi, B., & Rabin, M. (2006). A Model of Reference-Dependent Preferences. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsbas&AN=edsbas.FE37081A
• Loewenstein, G., & Prelec, D. (1992). Anomalies in intertemporal choice: Evidence and an interpretation. Quarterly Journal of Economics, 107(2), 573. https://doi.org/10.2307/2118482
• Moffatt, P. G. (2015). Experimetrics : Econometrics for Experimental Economics. Basingstoke: Palgrave Macmillan. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1523968
• Simon, H. A. (1978). Rationality as Process and as Product of Thought. American Economic Review, (2), 1. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.a.aea.aecrev.v68y1978i2p1.16
• Smith, V. L. (1989). Theory, Experiment and Economics. Journal of Economic Perspectives, 3(1), 151–169. https://doi.org/10.1257/jep.3.1.151
• Smith, V. L., Suchanek, G. L., & Williams, A. W. (1988). Bubbles, Crashes, and Endogenous Expectations in Experimental Spot Asset Markets. Econometrica, (5), 1119. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.a.ecm.emetrp.v56y1988i5p1119.51
• Vernon L. Smith. (1962). An Experimental Study of Competitive Market Behavior. Journal of Political Economy, 322. https://doi.org/10.1086/258660

Authors

• Belianin Aleksei VLADIMIROVICH
• PANIDI KSENIYA ANDREEVNA