Behavioral Economics and Finance

A photo of a crowded shopping mall hallway.

Shopping mall. (Image courtesy of Nicholas Sales. Used with permission.)

Instructor(s)

MIT Course Number

14.127

As Taught In

Spring 2004

Level

Graduate

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Course Features

Course Description

This course surveys research which incorporates psychological evidence into economics. Topics include: prospect theory, biases in probabilistic judgment, self-control and mental accounting with implications for consumption and savings, fairness, altruism, and public goods contributions, financial market anomalies and theories, impact of markets, learning, and incentives, and memory, attention, categorization, and the thinking process.

Gabaix, Xavier. 14.127 Behavioral Economics and Finance, Spring 2004. (MIT OpenCourseWare: Massachusetts Institute of Technology), http://ocw.mit.edu/courses/economics/14-127-behavioral-economics-and-finance-spring-2004 (Accessed). License: Creative Commons BY-NC-SA


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