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Course Syllabus

Course Syllabus


 

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Bachelor 2021/2022

Behavioral and Experimental Economics and Finance

Type: Elective course (Economics)
Area of studies: Economics
Delivered by: Department of Economics
Where: St Petersburg School of Economics and Management
When: 3 year, 1 module
Mode of studies: offline
Open to: students of all HSE University campuses
Instructors: Tatyana Zhuravleva
Language: English
ECTS credits: 3
Contact hours: 28

Course Syllabus

Full SyllabusAsk Question

Abstract

From the experimental side, we will study the most profound observations from the lab and the field, learn basic techniques how to create and evaluate your own experimental data. From the theoretical side, we will study basic theories that attempt to explain observed biases and learn how to extend the standard economic models to account for behavioral aspects.
Learning Objectives

Learning Objectives

  • give to students an idea of what is Be-havioral Economics as a separate field of Economics.
Expected Learning Outcomes

Expected Learning Outcomes

  • to construct a mathematical model of an observed bias and solve it
  • to describe the observed behavior using the established academic theories
  • to design and run an experiment
  • to distinguish the standard rational agent behavior from the observed patterns
  • to identify behavioral biases in economically relevant situations
  • to propose a falsifiable hypothesis w.r.t. a certain aspect of behavior, and an experiment to test it
Course Contents

Course Contents

  • Introduction to BEE
  • Rational choice under certainty
  • Behavioral choice under certainty
  • Probability judgment
  • Judgment under risk and uncertainty
  • Rational choice under risk
  • Behavioral choice under risk
  • Intertemporal choice
  • Behavioral game theory
  • Other-regarding preferences
  • Belief-management
Assessment Elements

Assessment Elements

  • non-blocking Homeworks
  • non-blocking Participation
  • non-blocking Test
  • non-blocking Exam
Interim Assessment

Interim Assessment

  • 2021/2022 1st module
    0.2 * Participation + 0.2 * Homeworks + 0.4 * Exam + 0.2 * Test
Bibliography

Bibliography

Recommended Core Bibliography

  • Brañas-Garza, P., & Cabrales, A. (2016). Experimental Economics : Volume II: Economic Applications. Basingstoke, Hampshire [UK]: Palgrave Macmillan. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1231543

Recommended Additional Bibliography

  • Burkett, J. P. (2006). Microeconomics: Optimization, Experiments, and Behavior. Oxford University Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.b.oxp.obooks.9780195189629

Authors

  • ZHURAVLEVA TATYANA LEONIDOVNA