Economics 119: Psychology and Economics (Fall 2014, UC Berkeley): Lecture 18 - Behavioral Economics and Public Policy, Part 3

Economics 119: Psychology and Economics

Economics 119: Psychology and Economics (Fall 2014, UC Berkeley). Instructor: Professor Daniel J. Acland. This course presents psychological and experimental economics research demonstrating departures from perfect rationality, self-interest, and other classical assumptions of economics and explores ways that these departures can be mathematically modeled and incorporated into mainstream positive and normative economics. The course will focus on the behavioral evidence itself, especially on specific formal assumptions that capture the findings in a way that can be incorporated into economics. The implications of these new assumptions for theoretical and empirical economics will be explored.

Lecture 18 - Behavioral Economics and Public Policy, Part 3

Go to the Course Home or watch other lectures:

Lecture 01 - Introduction

Lecture 02 - Consumer Demand Theory and the Endowment Effect

Lecture 03 - Reference Dependent Preferences

Lecture 04 - Normative Implications of Reference Dependence

Lecture 05 - Normative Implications of Reference Dependence (cont.)

Lecture 06 - Applications of Reference Dependence

Lecture 07 - Reference Dependent Preferences in Labor Supply, and Reference Point Determination

Lecture 08 - Exponential Discounting Theory and Anomalies

Lecture 09 - Present-Biased Preferences and Quasi-Hyperbolic Discounting

Lecture 10 - Beliefs about Future Intertemporal Preferences