The course introduces to recent developments in experimental economics and in behavioral models of economic behavior. It gives an overview of the design, implementation, and analysis of experiments motivated by behavioral economics. The course has two parts :
- Individual decision making. The first part deals with experimentally observed violations of expected utility and introduces alternative models of individual behavior.
- Strategic decision making. The second part considers basic solution concepts in game theory in the light of the experimental evidence on game playing and explores behavioral models of interactive decision making.
- Professor: Inga JONAITYTE