ECON 550 - Behavioral & Experimental Econ

Credits: 4

An introduction to the methodology of laboratory and field experiments on how people make decisions while questioning the concept of “perfect rationality”; in the standard economic theory, providing improved models in line with the observed biases of decision makers. Requires strong working knowledge of microeconomic theory, college level statistics, and calculus. Prerequisites: Econ 500, 611, or instructor approval. Offered in the spring.