Buy ECON 2126
Principles of Experimental & Behavioural Economics Assignments
This course teaches students the way to perform an experiment properly and illustrate the importance of conducting experiments the right way, as stated by a reknowned behavioural economist.
The course involves studying the experimental approach in economics (and it’s distinction from other social science approaches), which will be achieved via reading numerous texts and performing certain experiments.
The course explores the benefits and demerits of experimental approaches compared to alternative social science approaches, for example econometrics, and students will learn the ways it can be applied when examining the strenght of the “homo economicus” idea of a reasonable partial choice maker utilised in numerous economic models.
We shall discover that though economic theory is quite adequate and useful most of the time, there are still crucial behavioural tangents away from the “homo economicus” model. Some other topics studied are: negotiating and risky choices, provoding public goods, coordination challenges, individual decision making, cooperation, punishing violations of norms, among others.
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