Behavioral Psychology and Economics : Syllabus of The Course ( 2019-20)

Syllabus of the Course (2019-20)

The Course is taught with Prof Giacomo Sillari

Course Content  

•1.     Introduction. Do human being behave rationally? Decision Theory primer.  Allais and Wason paradoxes.

 Required Readings:


•2.     Cognition. Dual Process of reasoning; judgment and decision making.

•3     Prospect Theory. Value function; Endowment Effect; Mental Accounting

•4.     Heuristics and Bias (Law of small numbers. Anchoring. Availability. Conjunction Fallacy.Base-rate Fallacy. Regression to the mean)

  • Required Readings: Plous, ibidem, chs. 10-15
  •  Suggested Readings: Plous, ibidem, chs. 17-18

•5.     Behavioral Law and Economics (optional)

•6.     Behavioral Finance (optional)

7       Political Decision Making

Thinking ahead


Reference reading material

Scott Plous, The Pshychology of Judgment and decision Making, McGraw-Hill ,1993:-|


Educational goals    This course is intended to allow students to become familiar with  the  behavioral approach to economics and to political  decision making . While this approach is based on the experimental data about human reasoning (provided by cognitive psychology) , students will be driven to test experimentally properties and assumptions on human decisions. Major goals will be that of enabling students to gain in-depth understanding of the major aspects of  behavioral decision-making under uncertainty, and applications to economics, politics and finance, as well as to apply effectively the theories to ongoing debates, in order to raise their interest in carrying out research in this field.

Teaching method  In-class lectures, computer-aided exercises and test sets, tutorials,

Assessment Method  Computer-aided written and oral exam

Criteria for deciding on subject of final paper  Exam grade, one-on-one colloquium

Preparatory courses   Microeconomics , Elementary Statistics

Preliminary  basic notions

Advanced Papers on Expected Utility

Records of some past examinations


Exam May 2017

Exam May 2017 h 11:30

Exam June 2017

Exam July 2017

Exam September 2017

2018 05

Exam June 2018

Exam July 2018

Exam September 2018

Exam May 2019

Exam 2019_June

Exam 2019 07

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