An exploration of how people make decisions, questioning the concept of "perfect rationality" in the standard economic theory, providing improved models in line with the observed biases of decision makers. Focusing on decision making under risk and ambiguity, endowment effect, status quo bias, loss aversion, intertemporal choice, and selfish and pro-social preferences.

Prerequisites/Rules:
ECON603 and ECON604
Credits: 3
Grading Method: Regular, Audit

Course Offerings

    Spring 2017Instructor: Emel Filiz Ozbay