econ404lecture1handout - Economics 404 Behavioral Economics...

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Unformatted text preview: Economics 404: Behavioral Economics Lecture 1 Department of Economics Washington University in St. Louis Fall 2009 Economics 404 Fall 2009 Overview • Introduction to the course, introduction to me • Course policies • What is behavioral economics? Economics 404 Fall 2009 Introductions Economics 404 Fall 2009 Introduction to the Course • Behavioral economics: like “regular” economics, but with more complicated (and psychologically-realistic) robots • Behavioral economists believe: relaxing standard assumptions about individual utility functions, when these conflict with empirical evidence, can improve economic models • Major topics: self control and time preferences, altruism, reference dependence, formation of incorrect beliefs Economics 404 Fall 2009 About Your Host • Assistant Professor Pamela Jakiela: ◦ BA in development (Michigan), MSc in development (LSE), PhD in economics (UC Berkeley) ◦ Study the roles played by individual psychology and cultural norms in perpetuating poverty • Contact information: ◦ Email: [email protected] — only for short questions ◦ Office location: 337 Seigle Hall — only for office hours Economics 404 Fall 2009 About Your Teaching Assistants • TBA: ◦ TBA • Contact information: ◦ Email: TBA ◦ Office location: TBA Economics 404 Fall 2009 Course Requirements Economics 404 Fall 2009 About You • Economics majors?...
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This note was uploaded on 05/16/2010 for the course ECON 404 taught by Professor Jakiela during the Fall '09 term at Washington University in St. Louis.

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econ404lecture1handout - Economics 404 Behavioral Economics...

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