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H571 Week 6 Behavioral Economics

H571 Week 6 Behavioral Economics. Questions /discussion re assignment #1 Discuss why BE is slotted here Still essentially value-expectancy But also more socio-structural Small-group activity Presentations/discussion of all readings.

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H571 Week 6 Behavioral Economics

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  1. H571 Week 6 Behavioral Economics • Questions/discussion re assignment #1 • Discuss why BE is slotted here • Still essentially value-expectancy • But also more socio-structural • Small-group activity • Presentations/discussion of all readings

  2. Discuss the topic, relate to complete DSC chapter, related to expectancy-value theories, come up with a new example, and teach the topic to the rest of the class (7 min prep, 7 min presentation) Prospect Theory (DSC) & Framing Effects (B&A) Delay & probability discounting (DSC), Present Bias (B&A) & Time Preferences (R&H) Zero Price Effects & Loss Aversion (B&A) Bandwagoningand Social Norms (B&A) Default, asymmetric and planning options (Lee et al) Willingness to Pay & Willingness to Accept (R&H) Unbounded rationality, willpower, selfishness (R&H)

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