Course overview
This course 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 will 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
- Find an interesting behavioural research questions and design, program and conduct experiments
- Analyse experimental data by using the appropriate statistical techniques
- Successfully work together in research teams