Niveau der Lehrveranstaltung/des Moduls laut Lehrplan
Lernergebnisse der Lehrveranstaltung/des Moduls
Students will learn the fundamental ways in which decision making – in economics and elsewhere – is influenced by psychological processes. One outcome of this awareness should be more successful decision making, especially, but not only, in financial matters. Students will also learn how the findings of Behavioral Economics can be used by policy makers to improve societal outcomes.
A focus on research methodology will demonstrate the interaction of theoretical and empirical analysis in scientific inquiry.
Voraussetzungen laut Lehrplan
Research in recent decades has cast doubt on the mainstream economic conception of humans as rational decision makers. Our course studies the ways that psychology influences people in their economic roles – as consumers, business managers, investors, voters and so forth. We investigate the consequences of this irrationality for the individuals themselves as well as for society as a whole. In particular, we examine its implications for the efficient, or inefficient, functioning of markets, financial and otherwise. Course focuses include behavioral finance, cooperation and fairness.
Gao, Yue, “A study of fairness judgments in China, Switzerland and
Canada: Do culture, being a student, and gender matter?” Judgment
and Decision Making, 4(3), April 2009, pp. 214-226.
Kahneman, Daniel, Jack Knetsch and Richard Thaler, “Fairness as a
Constraint on Profit Seeking: Entitlements in the Market,” American
Economic Review, 76(4), September 1986, pp. 728-741.
selections from these books:
Axelrod, Robert, The Evolution of Cooperation, 1984.
Belsky, Gary and Thomas Gilovich, Why Smart People Make Big Money
Mistakes and How to Correct Them: Lessons from the New Science of
Behavioral Economics, 1999.
Kahneman, Daniel, Thinking, Fast and Slow, 2011.
Shiller, Robert, Irrational Exuberance, 2000.
Mlodinow, Leonard, The Drunkard's Walk: How Randomness Rules our
Tetlock, Philip, Superforecasting: The Art and Science of Prediction,
Thaler, Richard, The Winner’s Curse: Paradoxes and Anomalies of
Economic Life, 1992.
Thaler, Richard, Misbehaving: The Making of Behavioral Economics,
Bewertungsmethoden und -kriterien
Anzahl der zugewiesenen ECTS-Credits
geplante Lehr- und Lernmethoden
integrated lecture, discussion and experiments
Semester/Trimester, in dem die Lehrveranstaltung/das Modul angeboten wird
Name des/der Vortragenden
Prof. (FH) Dr. Brent Kigner
empfohlene optionale Programmeinheiten
Kennzahl der Lehrveranstaltungen/des Moduls
Art der Lehrveranstaltung/des Moduls
Art der Lehrveranstaltung