Behavioural Economics
by Urs Fischbacher
Neoclassical economic models rest on the assumptions of rationality and selfishness. Behavioral
economics investigates departures from these assumptions and develops alternative models. In this
lecture, we will discuss in particular inconsistencies in intertemporal decisions, the role of reference
points, and non-selfish behavior. We will analyze models that aim in a better description of actual
human behavior. In the tutorial, we will analyze the models in more detail and develop applications.
Lecture: Monday, 15:15 - 16:45, online
Tutorial by Deepti Bhatia: Monday, 17:00 - 18:30, online, biweekly
Starting: 02.11.2020
Exam:
- 15.02.2021: 14:20-15:50 C425
- 13.04.2021: 17.20-18:50 D432