Behavioral

syllabus

Interesting Reads

Sar finds an article on behavioral contagion (an interview with Robert Frank)

Rail finds an article on Uber's bad use of behavioral economics

Rail finds an article on Houston Rockets' GM Daryl Morey

Wallace finds articles on the costs of UBI 1 2

Class Readings

Reading on Risk (through 580)

For 1/22/20: Compare the risk premia that a risk-averse person would require to enter a bet against the amount a risk-loving person would be willing to pay for the chance to enter a prospect. Assume U = x^1/2 and U = x^3/2, a reference of 3600, and a 50-50 prospect of (1000, -1000).

Slides on Neoclassical Version of Probabilistic Thinking

Friedman's "The Methodology of Positive Economics" (for 1/24)

State-Preference Utility Maximization (for 1/24)

K&T's Prospect Theory (1979)

Slides to Accompany K&T

Homework 1 (Due @BOC on 2/10)

Homework 1 Explanations

Climate Change Financing

Interview with Kahneman

Haigh and List for 2/10

Thaler's Call to Arms for Economists to Change (from 1980)

Pope and Schweitzer on Loss Aversion in Golf for 2/15