ECON 055. Behavioral Economics
In the past 50 years, economists have increasingly used insights from psychology to explore the limitations of the standard economic model of rational decision making - a field now known as “behavioral economics.” This course is an introduction to the central concepts of behavioral economics, touching on related research in psychology and experimental economics. We will also discuss the public policy implications of this work, and current policy applications of behavioral research around the world. Topics covered include: self-control, procrastination, fairness, cooperation and reciprocity, reference dependence, and choice under uncertainty.
Cannot receive credit for both ECON 055 and ECON 003.
Prerequisite: ECON 001 .
Fall 2019. Bhanot.
Spring 2021. Staff.
Catalog chapter: Economics
Department website: http://www.swarthmore.edu/economics
Check the Fall 2019 Schedule of Courses