Course overview
This course deepens critical thinking, reasoning, and mathematical problem-solving in behavioural economics (e.g., social preferences; reciprocity; bounded rationality) and the methodology and practice of experimental economics. It covers fundamental findings in behavioural economics such as social preferences (envy, greed, altruism) reciprocity and bounded rationality. The course then focuses on the empirical aspects of behavioural economics. It introduces the methodology of experimental economics using a real research project that students design and conduct.
Course learning outcomes
- Derive equilibrium predictions using standard solutions concepts
- Critically assess where and when standard game theory explains human behaviour well
- Apply behavioural game theory to explain some behaviours that cannot be explained using standard game theory
- Develop a behavioural research question and design, program and conduct experiments to address that question
- Analyse experimental data by using the appropriate statistical techniques
- Successfully work together in research teams