Mar 29, 2024  
Undergraduate Catalog 2020-2021 
    
Undergraduate Catalog 2020-2021 [ARCHIVED CATALOG]

ECO 405 - Introduction to Behavioral Economics

3 cr.


(Prerequisites: ECO 361  and STAT 253 )

This course compares the novel insights offered by the discipline of Behavioral Economics with some salient results of classical economic theory. It considers whether the new behavioral models improved our ability to predict and understand choice under certainty and uncertainty, probabilistic judgment, and intertemporal choice. Topics include various behavioral paradoxes, heuristics and biases, loss aversion, and prospect theory.