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Massachusetts Institute of Technology

Psychology and Economics, Spring 2020

Massachusetts Institute of Technology via YouTube

Overview

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This course on Psychology and Economics aims to integrate insights from psychology and other social sciences into the field of economics. The learning outcomes include understanding concepts such as time preferences, risk preferences, social preferences, limited attention, utility from beliefs, state-dependent preferences, gender issues, discrimination, poverty, happiness, and mental health. The course teaches tools to analyze and apply these psychological insights to economic decision-making. The teaching method consists of a series of lecture videos covering various topics in the intersection of psychology and economics. The intended audience for this course includes students and professionals interested in gaining a deeper understanding of how psychological factors influence economic behavior.

Syllabus

Lecture 1: Introduction and Overview I.
Lecture 2: Introduction and Overview II.
Lecture 3: Time Preferences (Theory) I.
Lecture 4: Time Preferences (Theory) II.
Lecture 5: Time Preferences (Applications) I.
Lecture 6: Time Preferences (Applications) II.
Lecture 7: Risk Preferences I.
Lecture 8: Risk Preferences II.
Lecture 9: Reference-Dependent Preferences.
Lecture 10: Social Preferences I.
Lecture 11: Social Preferences II.
Lecture 12: Social Preferences III.
Lecture 13: Social Preferences IV.
Mid-Term Review.
Lecture 14: Limited Attention.
Lecture 15: Utility from Beliefs; Learning I.
Lecture 16: Utility from Beliefs; Learning II.
Lecture 17: State-Dependent Preferences, Projection, and Attribution Bias.
Lecture 18: Gender, Discrimination, and Identity.
Lecture 19: Defaults, Nudges, and Frames.
Lecture 20: Malleability and Inaccessibility of Preferences.
Lecture 21: Poverty through the Lens of Psychology.
Lecture 22: Happiness and Mental Health.
Lecture 23: Policy with Behaviorial Agents.

Taught by

MIT open courseware

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