James Madison University 3 credits ECON
An introductory course in behavioral economics that combines insights from psychology with economics. Using data from field and lab experiments, we will examine the explanatory power of the standard economic model and learn new frameworks that incorporate psychologically realistic assumptions grounded in observed behavior. Among the topics studied are decision-making under uncertainty, intertemporal choice and others regarding preferences. The course will conclude by examining implications this approach to economic analysis has for public policy. Prerequisite(s): ECON 201 .
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