Lecture on Friday, 22 Mar 2017 regarding how Behavioral Economics contradicts the Utility Maximization theory.
Examples will be given from the Ultimatum Game and other games, to show how Utility Maximization fails.
Behavioral Versus Neoclassical Economics - WEA Pedagogy Blog Post -- explains how the results of the Ultimatum Game violate neoclassical utility theory
Adv Micro I L06 -- Game Theory, Decision Trees - This lecture explains basics of game theory, which is required to analyze the Ultimatum Game.