Behavioural Economics – An Introduction

Many students in my first-year classes love to challenge the basic assumptions introduced in the Introduction to Microeconomics course. For those students, here is the Nobel Prize lecture of Richard Thaler, recently published in the American Economic Review:

https://pubs.aeaweb.org/doi/pdfplus/10.1257/aer.108.6.1265

It goes through a wide range of results in behavioural economics, and how the basic model of individual choice needs to be adapted to match the way that most people make choices.

And for students at Laurier interested in this topic, I strongly recommend EC305, Behavioural Economics.

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1 Response to Behavioural Economics – An Introduction

  1. Blake says:

    Behavioural Economics was one of my favourite courses during my time as an undergraduate student at WLU. Many of the principles can be extended to finance and many other topics such as negotiation. There are also many great books on the topic!

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