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Cartwright, Chapter 2
ECUE Advanced behavioural economics
ECUE's code : IMEX116
EUR ELMI
Sciences économiques
,
Sciences de gestion et du management
Campus Saint Jean d'Angély
Master 2
Semestre impair
Anglais
PRESENTATION
The course integrates microeconomic approaches to behavior with perspectives from psychology, cognitive science, and experimental economics, aiming to shed light on how individuals make decisions and how their welfare is shaped in contexts involving certainty, risk, uncertainty, and intertemporal choice. It explores systematic biases in how people form and revise probabilistic beliefs as new information becomes available. Students will examine both theoretical frameworks and experimental or empirical evidence, gaining a deeper understanding of behavior through these complementary lenses. Learning will revolve around discussions of research papers and selected book chapters, helping students cultivate the ability to critically assess and apply contemporary research in the field. Additionally, students will play an active role in shaping the course by selecting specific readings within each topic.
Course's manager(s)
Paul Pezanis-Christou
In class
- 20h of lectures
PREREQUISITES
Before the start of the course, I must ...
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Have basic knowledge of microeconomics (utility functions, preferences, risk preferences,...), game theory and statistics (discrete probabilities, conditional probabilities,...)
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Have a strong interest in the analysis of human behaviour in economic contexts (business), social dilemmas (ethics) and strategic decision-making (games).
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Have an interest in cognitive sciences and behavioural psychology, and in their use to analyse economic contexts.
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Have an interest in data analysis
OBJECTIVES
By the end of this course, I should be able to...
- Understanding deviations from classical rationality, i.e., how real-word decision-making departs from the assumptions of standard economic models.
- Understanding the design and interpretation of laboratory experiments for testing behavioural hypotheses and measuring deviations from rational benchmarks.
- Demonstrate an understanding of how formal behavioural models help predicting behaviour under risk, uncertainty, and over time.
- Integrating psychology and economics, i.e., learning how insights from psychology and other social sciences shape economic behaviour.
- Critically evaluate the assumptions of traditional economic models in the light of behavioural economic concepts.
CONTENT
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Choice under certainty: Simples heuristics for complex choices
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Choice under risk and uncertainty
Cartwright, Chapter 3
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Judgement under uncertainty and learning from new information
Cartwright, Chapter 5
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Intertemporal Choice: Choosing when to act
Cartwright, Chapter 4
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Social interactions and social preferences
Cartwright, Chapters 6 & 7
Access to complete Syllabus (Authentification required)
Important
This syllabus has no contractual value. Its content is subject to change throughout this year: be aware to the last updates