Behavioral Economics (Bachelor)

Standard economic models make many assumptions and predictions about individual behavior. This course introduces new theories from Behavioral Economics, a young field of Economics that combines Economics and Psychology. In the light of experimental evidence, standard theories of risk, time and social preferences are revisited and more appropriate behavioral models introduced. Various forms of cognitive limitations in information processing are presented and consequences for economic behavior are highlighted. The course aims to provide access to theoretical concepts that take into account the nature of the human psyche.

Information

Schedule: Every Summer Semester

Strategic Thinking (Seminar, Bachelor)

The standard tool to predict strategic outcomes with Game Theory is the Nash Equilibrium. Experimental work has shown that subjects do not play equilibrium actions in new and unfamiliar strategic situations. This seminar will introduce students to the field of strategic thinking. We will consider theoretical developments in modeling strategic reasoning processes, new areas in which these models can be applied as well as novel experimental methods to obtain data about reasoning processes.

Information

Schedule: The seminar with the presentations is planned for the 24th and 25th of February 2017.

Take a look at the list of topics, further procedures, and the agenda.

Topics and Projects in Experimental Economics (PhD)

This reading course is designed to make students familiar with latest topics in Experimental and Behavioral Economic Research and provide starting points and a discussion forum for new projects.

Information

Schedule: Every Fall Semester, joint with Prof. Dr. Henrik Orzen.