Spring 2005 Undergraduate Courses
Economics 1030. Psychology and Economics
Catalog Number: 4709 Enrollment: Limited to 80. David I. Laibson and Andrei Shleifer Half course (spring term). Tu., Th., 10–11:30, and a one-hour weekly section to be arranged. EXAM GROUP: 12, 13 Integrates psychological and economic analysis of behavior. Psychological topics include social preferences, impulsivity, bounded rationality, loss-aversion, over-confidence, self-serving biases, hedonics, and neuroscience. Discusses how psychological experiments have been used to learn about preferences, cognition, behavior. Economic topics include arbitrage, equilibrium, rational choice, utility maximization, Bayesian beliefs, game theory. Integrates these psychological and economic concepts to understand behavioral phenomena such as credit card borrowing, portfolio choice, retirement saving, procrastination, addiction, asset pricing, auction bidding, labor supply, cooperation. Prerequisite: Economics 1010a or 1011a, and knowledge of multivariate calculus.
http://my.harvard.edu/icb/icb.do?course=fas-ec1030