The Paradox of Choice(Barry Schwartz) Chapter 5, “Choice and Happiness” Chapter 6, “Missed Opportunities” Chapter 8, “Why Decisions Disappoint: The Problem of Adaptation” Chapter 10, “Whose Fault Is It? Choice, Disappointment, and Depression” April 9 – offApril 16 – Session 8: Policy Decisions Understanding the quirks of how people actually behave can give policy makers the opportunity to steer populations to choices that lead to more happiness or wealth, while still preserving individual choice. What leads to different outcomes is the way problems and choices are framed.Nudge(Richard H. Thaler and Cass R. Sunstein)Chapter 2, “Resisting Temptation” Chapter 5, “Choice Architecture” Chapter 6, “Save More Tomorrow” Chapter 7, “Naïve Investing” Behavioral Economics (Philip Corr and Anne Plagnol)Chapter 6, “Nudge: whys, ways and weasels” Page of Rev. February 12, 20201214
Predictably Irrational(Dan Ariely) Chapter 4, “Why We are Happy to Do Things, but Not When We Are Paid to Do Them” What Money Can’t Buy(Michael Sandel) Chapter 3, “How Markets Crowd out Morals” April 23 – Session 9: Review May 7 – Term Papers Due Page of Rev. February 12, 20201314
READING LIST: 1. BOOKS (required; available in paperback): Predictably Irrational: The Hidden Forces That Shape Our Decisions, by Dan Ariely Behavioral Economics: The Basics, by Philip Corr and Anke Plagnol Thinking Fast and Slow, by Daniel KahnemanThe Paradox of Choice: Why More is Less, by Barry Schwartz Nudge: Improving Decisions about Health, Wealth, and Happiness, by Richard H. Thaler 2. ADDITIONAL READINGS (required): Selected chapters from the following have been collected in a coursebook. The coursebook can be purchased online at . Calculated Risks: How to Know When Numbers Deceive You, by Gerd Gigerenzer Freakonomics: A Rogue Economist Explores the Hidden Side of Everything,by Steven D. Levitt and Stephen J. Dubner What Money Can’t Buy, by Michael Sandel Misbehaving: The Making of Behavioral Economics, by Richard H. Thaler The Winner's Curse,by Richard H. Thaler Page of Rev. February 12, 20201414
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