Stony Brook University 3 credits POL
This course introduces students to behavioral economics. Behavioral economics seeks to build empirically realistic models of human decision making that are better integrated with insights from psychology. Will examine theoretical alternatives to the purely self-interested, optimizing, and cognitively unlimited caricature of homo-economicus, including bounded and ecological rationality, prospect theory, hyperbolic discounting, and reference dependence. Topics explored will include status and positional goods, altruism and social preferences, intertemporal choice, risk preferences, behavioral game theory, and heuristics and biases. Emphasis will be placed on applications to political behavior and decision making. 3 credits Prerequisite: Admission to the Political Science PhD Program Grading Letter graded (A, A-, B+, etc.)
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