HUM 1046 BEHAVIORAL ECONOMICS

Serial Topics Module Page

No No
1 Economic Rationality 1 3
2 Behavioural economics and the standard 1 2
model
3 History and evolution of behavioural 1 12
economics
4 Relationship with other disciplines 1 15
5 Loss aversion in monkeys 1 21
6 Money illusion 1 23
7 Charitable Donations 1 26
8 The Standard Model 2 64
9 Axioms, Assumptions and definitions 2 68
10 The Evolutionary biology of utility 2 71
11 Broadening Rationality 2 74
12 Types of Utility 2 86
13 The neuroscientific basis of utility 2 93
14 Bonus packs and price discounts 2 97
15 When abstention is better than moderate 2 105
consumption
16 The standard model 3 117
17 Revisiting the Standard Model 3 117
18 Probability Estimation 3 119
19 Representativeness Heuristics 3 119
20 Base Rate Bias 3 120
21 Self-Evaluation bias 3 124
22 Projection Bias 3 129
23 Causes of Irrationality 3 132
24 Decision making under risk 4 146
25 Expected Utility Theory 4 148
26 Prospect Theory 4 160
27 Reference Points 4 164
28 Loss Aversion 4 167
29 Shape of the Utility Function 4 171
30 Decision Weighting 4 176
31 Discounted Utility Model 5 262
32 Features of DUM 5 265
33 Anomalies in DUM 5 273
 HUM 1046 BEHAVIORAL ECONOMICS

34 Inter temporal Choice 5 283

35 Time Preference 5 285
36 Hyperbolic Discounting 5 293
37 Alternative models 5 301
38 Game Theory – Introduction 6 336
39 Elements and Types of Games 6 337
40 Nash Equilibrium 6 342
41 Mixed Strategy 6 350
42 Iterated Games 6 365
43 Signaling 6 374
44 Learning 6 377
45 The Standard Model and Anomalies 7 393
46 Social Preferences 7 396
47 Factors Affecting Social Preferences 7 405
48 Inequality Aversion Models 7 421
49 Reciprocity Models 7 425
50 Revision

Text Book
An Introduction to Behavioural Economics, 2nd Edition by Nick Wilkinson and
Matthias Klaes, Palgrave Macmillan, 2012.