This course explores the ways individuals systematically deviate from rational economic behavior. Evidence of irrational behavior will be presented in the context of other topics in economics - such as health economics, development economics, and financial economics - with the objective of improving our understanding of decision-making in a variety of settings. There will be discussion regarding the role and capacity of public policy to improve decisions, such as how to share and frame information. Attention will also be given to new economic theories regarding altruism, trust and cooperation.
Distribution Area
Students entering Fall 2024 or later: The Individual and Society (TIS)
Students entering prior to Fall 2024: Social Sciences (SO DIST)
Prerequisites
Economics 101 or 177.