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Course11010775960 lectures

Principles of Behavioral Economics

Prof. Sujata Kar · IIT Roorkee

Start with lecture 1 At NPTEL

Lectures

Week 1

  1. Behavioral Economics - What & Why YouTube
  2. Behavioral Economics in Relation to other Sciences & Economics YouTube
  3. Evolution of Behavioral Economics YouTube
  4. The Neoclassical Tradition: An Introduction YouTube
  5. Methodology – Types of Empirical Studies YouTube

Week 2

  1. Introduction to Motivation and Hierarchical Needs YouTube
  2. Achievement and Craftsmanship: Driving Forces in Economic Behavior YouTube
  3. Social Drivers of Economic Decisions YouTube
  4. The Standard Model in Neoclassical Economics YouTube
  5. Axioms and Assumptions of Neoclassical Model YouTube

Week 3

  1. Utility YouTube
  2. Types of Utility YouTube
  3. Bounded Rationality & Heuristics YouTube
  4. Biases YouTube
  5. Heuristics and Framing Effects YouTube

Week 4

  1. Menu Effects and Expectations Effects YouTube
  2. A Few Effects & Choice Architecture YouTube
  3. Nudges YouTube
  4. Fundamentals of Probability Theory YouTube
  5. Bayesian Updating and Confirmation Bias YouTube

Week 5

  1. Prospects and Risk Attitude YouTube
  2. Risk Attitude & Axioms of EUT YouTube
  3. Other Axioms & Violations of EUT YouTube
  4. Anomalies of EUT & Prospect Theory YouTube
  5. Prospect Theory – Evaluation YouTube

Week 6

  1. The Prospect Theory Value Function YouTube
  2. The Weighting Function YouTube
  3. Cumulative Prospect Theory - I YouTube
  4. Cumulative Prospect Theory - II YouTube
  5. Criticism of Prospect Theory YouTube

Week 7

  1. Mental Accounting – Introduction YouTube
  2. Hedonic Editing Hypothesis YouTube
  3. Hedonic Framing, Acquisition Utility, and Transaction Utility YouTube
  4. Applications of Mental Accounting YouTube
  5. Payment Decoupling & Budgeting YouTube

Week 8

  1. Behavioral & Classical Life-Cycle Theories YouTube
  2. Budgeting & Choice Bracketing YouTube
  3. Choice Bracketing & Dynamic Mental Accounting YouTube
  4. Policy Implications of Mental Accounting - I YouTube
  5. Policy Implications of Mental Accounting - II YouTube

Week 9

  1. Intertemporal Choice Models YouTube
  2. Optimal Consumption in the Two-Period Model YouTube
  3. Projection Bias YouTube
  4. Discounted Utility Model YouTube
  5. Features of the Discounted Utility Model YouTube

Week 10

  1. Anomalies in the Discounted Utility Model YouTube
  2. Anomalies of DUM & Time-Inconsistent Behavior YouTube
  3. Naïve Hyperbolic Discounting YouTube
  4. Naïve Quasi-Hyperbolic Discounting YouTube
  5. Some Special Discounting Cases YouTube

Week 11

  1. Introduction to Strategic Interactions YouTube
  2. Analytical Game Theory YouTube
  3. Sequential Game & Types of Games YouTube
  4. Problems with Classical Game Theory - I YouTube
  5. Problems with Classical Game Theory - II YouTube

Week 12

  1. Problems with Classical Game Theory - III YouTube
  2. Introduction to Behavioral Games YouTube
  3. Ultimatum & Dictator Games YouTube
  4. Ultimatum & Public Goods Games YouTube
  5. Trust Games YouTube

Syllabus and materials

At NPTEL, as the course publishes them.

Credits and licence

Institution
IIT Roorkee
Department
Management
Teacher
Prof. Sujata Kar
Level
Undergraduate
Language
English
Subjects
Business and management
Source
NPTEL
Licence
CC BY-NC-SA, as NPTEL states it. Non-commercial use only. NPTEL's terms
Attribution
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