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ECON 212C

Bruinwalk
Main Course

Behavioral Decision-Making

4 units
Taken?

Description

Lecture, three hours. Requisite: courses 201A, 201B, 201C, or equivalents. Overview of popular models of decision-making. Topics include foundations of rational choice under risk, uncertainty, and time; behavioral models of non-expected utility; ambiguity aversion; intertemporal preferences including general discounting and Epstein-Zin preferences; stochastic choice including logit, random utility, and other behavioral models of random choice. Part of economic theory sequence for second-year PhD students, with material relevant in other fields of economics such as macroeconomics, trade, industrial organization, and development, and other disciplines such as business, psychology, philosophy, political science, computer science, and mathematics. S/U or letter grading.

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