Incorporating More Realistic Psychology into Economic Analysis

The course is organized by The Choice Lab group at FAIR and will take place at NHH Norwegian School of Economics, Bergen. The course consists of ten lectures over four days. Students will also have the opportunity to present their own research.

This course will explore some of the ways that insights from psychology can be translated into formal economic analysis. The emphasis is on how economists might incorporate these insights to answer important economic questions using the rigorous techniques of traditional economics. The material will be presented in terms of simple formal models. Topics include ways that we can be more realistic about people's preferences (for instance by understanding that people care not just about absolute outcomes, but how those outcomes compare to expectations and other reference points), as well as ways we can be more realistic about imperfections in human reasoning and choices, such as allowing for people's biases in predicting future tastes, the overly narrow focus people bring to important choices, self-control problems, biases in probabilistic judgment, and errors people make in learning from each other.

READ MORE ABOUT RABIN ON HIS HARVARD PROFILE

Following the PhD course The Choice Lab group at FAIR together with BITSS is organizing a workshop on Research Transparency and Reproducibility, August 18-19.

How to apply

Application deadline: 23 June, 2017

Application for NHH PhD students: Please send an email to phd@nhh.no.

Application for non-NHH PhD students: Please send the completed application form, found below, to phd@nhh.no.

APPLICATION FORM FOR NON-NHH STUDENTS  

Students who are interested in presenting their own research during the course should send an abstract to Janina Fetzer within July 1.
If you have any questions concerning participation or other administrative issues, please also contact Janina Fetzer.

Course program

Reading list

 

Key Information

Title: “Incorporating More Realistic Psychology into Economic Analysis”
Course Code: ECS557
Date
: 14-17 August, 2017
Credits: 5 ECTS
Semester: Autumn 2017
Teaching language: English
Requirements for course approval: Participation and approved paper (maximum 15 pages) on a relevant topic.
Evaluation: Pass/fail

 

the choice lab