AEM 4140

Course information provided by the Courses of Study 2014-2015.

Behavioral economics integrates psychology and economics by identifying systematic anomalies in decision making. These are now recognized to be an important source of error in business decisions, and they provide the foundation for both behavioral marketing and finance. The course compares rational choice theory with behavior both in lecture and through a series of economics experiments in which students face situations that are likely to lead to anomalies such as "the winner's curse," the status quo bias, hyperbolic discounting, and bias in assessing risks. Students have the opportunity to evaluate their own decision making.

When Offered Fall.

Fees Course fee: Lab fee $40.
Permission Note Enrollment limited to: juniors or seniors.
Prerequisites/Corequisites Prerequisite: ECON 3030 or PAM 2000.

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Enrollment Information
Choose one lecture and one discussion.

  •  1057AEM 4140  LEC 001

  • 3 Credits Graded

  • Prerequisite: AEM 2600, ECON 3130 (now ECON 3030) or PAM 2000. Enrollment limited to: juniors and seniors. Preference given to AEM Majors.