Experimental Economics and Behavioral Economics have become major fields in Economics. Their methods and research output are contributing to topics in Economics and Public Policy, such as tax evasion and retirement savings. Moreover, behavioral insights are applied to improve decision-making of managers and performance of employees.
The course is subdivided into two parts:
The course also offers an in-class case study. Furthermore, a presentation by Deloitte shows how to apply Behavioral Economics and debiasing techniques for Managers.
You have to enroll yourself in the moodle course:
After successful completion of this course, students will know standard tools of Experimental and Behavioral Economics and the underlying concepts and methods. Furthermore, students are introduced to several topics including risk, uncertainty, biases as well as nudges and will be able to talk about and apply key results to new situations. As part of that, students will be able to formulate research questions given a specific problem or situation, design an experimental approach for a specific problem and interpret results of an experimental paper to formulate management and policy recommendations.
Research papers (selection)