University Teaching, fall 2009 — Geir B. Asheim


You are here: UiO > Academics > Courses > ECON4260 > Autumn 2009 >

ECON4260 BEHAVIORAL ECONOMICS — FALL SEMESTER 2009
Plan for the course and the lectures

Lecturers:

    Topic 1: Behavioral decision theory.
        Kjell Arne Brekke — Room ES1032 — Tel: 228 41169 — E-mail: k.a.brekke@econ.uio.no
    Topic 2: Time inconsistency and self-control.
        Geir B. Asheim — Room ES1152 — Tel: 228 55498 — E-mail: g.b.asheim@econ.uio.no
    Topic 3: Social preferences and fairness.
        Karine Nyborg — Room ES1030 — Tel: 228 57283 — E-mail: karine.nyborg@econ.uio.no

Course content and readings:

This course provides an overview of behavioral economics. Behavioral economics incorporates descriptively accurate assumptions about cognitive ability, social interaction, moral motivation, and emotional responses into economic modeling and explores the implications of this for human behavior and economic outcomes. These assumptions are often motivated by empirical findings in psychology, sociology and related disciplines, as well as the field of experimental economics. Behavioral economics seeks to generate theoretical insights, make more accurate predictions of field phenomena, and suggest welfare improving policies.

Most of the readings are provided through links from the following subpages.

  •   Overview over behavioral economics
  •   Topic 1: Behavioral decision theory
  •   Topic 2: Time inconsistency and self-control
  •   Topic 3: Social preferences and fairness
  • Lectures:

        Lecture notes will be made available through links below. [2 signifies versions of the notes with 2 slides per page.]

    1. First lecture on Topic 1: Probabilities, Expected utility and Prospect Theory. KAB
      Wed 19 Aug 1015-1200, Eilert Sundt 6.
    2. Second lecture on Topic 1: Cumulative prospect theory. KAB
      Wed 2 Sep 1015-1200, Eilert Sundt 6.
    3. Third lecture on Topic 1: Endowment effects and aversion to modest risk. KAB
      Wed 9 Sep 1015-1200, Eilert Sundt 6.
    4. Fourth lecture on Topic 1: Mental accounting and the equity premium puzzle. KAB
      Wed 16 Sep 1015-1200, Eilert Sundt 6.
    5. First lecture on Topic 2: Introduction to self-control problems (2). GBA
      Wed 23 Sep 1015-1200, Eilert Sundt 6.
    6. Second lecture on Topic 2: Modeling self-control problems I: Multi-self vs. temptation (2). GBA
      Wed 30 Sep 1015-1200, Eilert Sundt 6.
    7. Third lecture on Topic 2: Application to the theory of consumption (2; 3-period cons.-saving example). GBA
      Wed 7 Oct 1015-1200, Eilert Sundt 6.
    8. Fourth lecture on Topic 2: Modeling self-control problems II: Dual-self (2). GBA
      Wed 14 Oct 1015-1200, Eilert Sundt 6.
    9. First lecture on Topic 3: Experimental economics. KN
      Wed 21 Oct 1015-1200, Eilert Sundt 6.
    10. Second lecture on Topic 3: Inequity aversion. KN
      Wed 28 Oct 1015-1200, Eilert Sundt 6.
    11. Third lecture on Topic 3: Reciprocity. KN
      Wed 4 Nov 1015-1200, Eilert Sundt 6.
    12. Fourth lecture on Topic 3: Altruism. KN
      Wed 11 Nov 1015-1200, Eilert Sundt 6.
    13. Fifth lecture on Topic 3: Social norms and social approval. KN
      Wed 18 Nov 1015-1200, Eilert Sundt 6.

    Seminars:

        Problems to be discussed and the two compulsory assignments will be made available through links below.

    1. Problems to be discussed at the first seminar.
      Tue 8 Sep 1415-1600 HH 201 (KAB) and Tue 8 Sep 1615-1800 HH 301
    2. Problems to be discussed at the second seminar.
      Tue 22 Sep 1415-1600 HH 201 (KAB) and Tue 22 Sep 1615-1800 HH 301
    3. Problems to be discussed at the third seminar.
      Tue 6 Oct 1415-1600 HH 201 (GBA) and Tue 6 Oct 1615-1800 HH 301
    4. Problems to be discussed at the fourth seminar.
      Tue 20 Oct 1415-1600 HH 201 (GBA) and Tue 20 Oct 1615-1800 HH 301
    5. Problems to be discussed at the fifth seminar. Solutions.
      Tue 3 Nov 1415-1600 HH 201 (KN) and Tue 3 Nov 1615-1800 HH 301
    6. Problems to be discussed at the sixth seminar. Solutions.
      Tue 17 Nov 1415-1600 HH 201 (KN) and Tue 17 Nov 1615-1800 HH 301

    Research seminars and conferences:

        Please note that the Oslo Seminars in Behavioral and Experimental Economics are of interest for the participants in this course.
        Note also the 4th Nordic Conference on Behavioral and Experimental Economics to be held in Oslo 30-31 October.

    Achievement requirements:

        This year there will be no compulsory assignments.


    Last modified: 4 November 2009