ECS572 Topics in behavioral theory
Autumn 2023Spring 2024
This course aims to introduce recent advances in modeling behavioral biases and incorporating them into economic applications. The course will focus on applications in I.O. and in political economy and will consider biases such as sampling-based reasoning, limited attention, and belief and causal misspecifications. In particular, we will discuss a recent literature that proposes a theoretical framework for incorporating the notion of narratives into economic models. The course is aimed for a broad range of students who are interested in studying - both theoretically and empirically - the implications of behavioral biases to questions in fields such as industrial organization, public economics, development, health economics, and political economy.
At the end of the course, students will:
- be able to explain the recent advances in behavioral economics
- be able to incorporate behavioral biases into mainstream economic models in a variety of areas
- be able to discuss the impact that biases such as sampling-based reasoning, limited attention and causal misperceptions have on market and political outcomes
At the end of the course, students will be able to formulate new research questions in behavioral economics.
At the end of the course the student will be able to read theoretical papers and effectively communicate the core insights.
There will be plenary lectures, class discussions and student presentations.
•PhD candidates at NHH.
•PhD candidates from University of Bergen.
•PhD candidates from other higher educational institutions.
•Promising master students if approved by course responsible.
Master level Microeconomic Theory.
Credit reduction due to overlap
Course attendance and participation in discussions.
Individual written assignment due 8 weeks after course ends. The assignment must be written in English.
- ECTS Credits
- Teaching language
Spring. Offered 26-30 June 2023.
Professor Kfir Eliaz, Eitan Berglas School of Economics, Tel Aviv University and Norwegian School of Economics (main course responsible)
Heidi Thysen, Department of Economics, Norwegian School of Economics