14.13 Economics and Psychology, Spring 2004
This course integrates psychological insights into economic models of behavior. It discusses the limitations of standard economic models and surveys the ways in which psychological experiments have been used to learn about preferences, cognition, and behavior. Topics include: trust, vengeance, fairn...
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| Format: | Learning Object |
| Language: | en-US |
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2021
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| Online Access: | https://hdl.handle.net/1721.1/136760 |
| _version_ | 1826215582725308416 |
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| author | Gabaix, Xavier |
| author2 | Massachusetts Institute of Technology. Department of Economics |
| author_facet | Massachusetts Institute of Technology. Department of Economics Gabaix, Xavier |
| author_sort | Gabaix, Xavier |
| collection | MIT |
| description | This course integrates psychological insights into economic models of behavior. It discusses the limitations of standard economic models and surveys the ways in which psychological experiments have been used to learn about preferences, cognition, and behavior. Topics include: trust, vengeance, fairness, impatience, impulsivity, bounded rationality, learning, reinforcement, classical conditioning, loss-aversion, over-confidence, self-serving biases, cognitive dissonance, altruism, subjective well-being, and hedonic adaptation. Economic concepts such as equilibrium, rational choice, utility maximization, Bayesian beliefs, game theory, and behavior under uncertainty are discussed in light of these phenomena. |
| first_indexed | 2024-09-23T16:36:01Z |
| format | Learning Object |
| id | mit-1721.1/136760 |
| institution | Massachusetts Institute of Technology |
| language | en-US |
| last_indexed | 2025-03-10T13:54:57Z |
| publishDate | 2021 |
| record_format | dspace |
| spelling | mit-1721.1/1367602025-02-26T17:28:41Z 14.13 Economics and Psychology, Spring 2004 Economics and Psychology Gabaix, Xavier Massachusetts Institute of Technology. Department of Economics behavioral economics finance psychology prospect prospect theory bias probabilistic judgment self-control mental accounting fairness altruism public goods market anomalies market theories economics psychology behavior preferences cognition trust vengence fairness impatience impulsivity bounded rationality learning reinforcement classical conditioning loss-aversion over-confidence self-serving biases cognitive dissonance altruism subjective well-being hedonic adaptation equilibrium rational choice utility maximization Bayesian beliefs game theory neuroeconomics prospect theory 520601 Business/Managerial Economics 450699 Economics, Other 429999 Psychology, Other This course integrates psychological insights into economic models of behavior. It discusses the limitations of standard economic models and surveys the ways in which psychological experiments have been used to learn about preferences, cognition, and behavior. Topics include: trust, vengeance, fairness, impatience, impulsivity, bounded rationality, learning, reinforcement, classical conditioning, loss-aversion, over-confidence, self-serving biases, cognitive dissonance, altruism, subjective well-being, and hedonic adaptation. Economic concepts such as equilibrium, rational choice, utility maximization, Bayesian beliefs, game theory, and behavior under uncertainty are discussed in light of these phenomena. 2021-10-29T19:30:51Z 2021-10-29T19:30:51Z 2004-06 2021-10-29T19:31:00Z Learning Object 14.13-Spring2004 14.13 IMSCP-MD5-24404fe41a4c7f0d62dae35021695070 https://hdl.handle.net/1721.1/136760 en-US http://www.core.org.cn/OcwWeb/Economics/14-13Spring2004/CourseHome/index.htm This site (c) Massachusetts Institute of Technology 2021. 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| spellingShingle | behavioral economics finance psychology prospect prospect theory bias probabilistic judgment self-control mental accounting fairness altruism public goods market anomalies market theories economics psychology behavior preferences cognition trust vengence fairness impatience impulsivity bounded rationality learning reinforcement classical conditioning loss-aversion over-confidence self-serving biases cognitive dissonance altruism subjective well-being hedonic adaptation equilibrium rational choice utility maximization Bayesian beliefs game theory neuroeconomics prospect theory 520601 Business/Managerial Economics 450699 Economics, Other 429999 Psychology, Other Gabaix, Xavier 14.13 Economics and Psychology, Spring 2004 |
| title | 14.13 Economics and Psychology, Spring 2004 |
| title_full | 14.13 Economics and Psychology, Spring 2004 |
| title_fullStr | 14.13 Economics and Psychology, Spring 2004 |
| title_full_unstemmed | 14.13 Economics and Psychology, Spring 2004 |
| title_short | 14.13 Economics and Psychology, Spring 2004 |
| title_sort | 14 13 economics and psychology spring 2004 |
| topic | behavioral economics finance psychology prospect prospect theory bias probabilistic judgment self-control mental accounting fairness altruism public goods market anomalies market theories economics psychology behavior preferences cognition trust vengence fairness impatience impulsivity bounded rationality learning reinforcement classical conditioning loss-aversion over-confidence self-serving biases cognitive dissonance altruism subjective well-being hedonic adaptation equilibrium rational choice utility maximization Bayesian beliefs game theory neuroeconomics prospect theory 520601 Business/Managerial Economics 450699 Economics, Other 429999 Psychology, Other |
| url | https://hdl.handle.net/1721.1/136760 |
| work_keys_str_mv | AT gabaixxavier 1413economicsandpsychologyspring2004 AT gabaixxavier economicsandpsychology |