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14.13 Psychology and Economics

14.13 Psychology and Economics (Spring 2020, MIT OCW). Instructor: Prof. Frank Schilbach. Psychology and Economics (aka Behavioral Economics) is a growing subfield of economics that incorporates insights from psychology and other social sciences into economics. This course covers recent advances in behavioral economics by reviewing some of the assumptions made in mainstream economic models, and by discussing how human behavior systematically departs from these assumptions. Applications will cover a wide range of fields, including labor and public economics, industrial organization, health economics, finance, and development economics. (from ocw.mit.edu)

Lecture 11 - Social Preferences II

In this lecture, Prof. Shilbach continues the discussion about social preferences. He explains what social preferences are, how we measure them, and if social preferences are malleable. The instructor explores two types of evidence: lab experiments and field evidence.


Go to the Course Home or watch other lectures:

Lecture 01 - Introduction and Overview I
Lecture 02 - Introduction and Overview II
Lecture 03 - Time Preferences (Theory) I
Lecture 04 - Time Preferences (Theory) II
Lecture 05 - Time Preferences (Applications) I
Lecture 06 - Time Preferences (Applications) II
Lecture 07 - Risk Preferences I
Lecture 08 - Risk Preferences II
Lecture 09 - Reference-Dependent Preferences
Lecture 10 - Social Preferences I
Lecture 11 - Social Preferences II
Lecture 12 - Social Preferences III
Lecture 13 - Social Preferences IV
Mid-Term Review
Lecture 14 - Limited Attention
Lecture 15 - Utility from Beliefs; Learning I
Lecture 16 - Utility from Beliefs; Learning II
Lecture 17 - State-Dependent Preferences, Protection, and Attribution Bias
Lecture 18 - Gender, Discrimination, and Identity
Lecture 19 - Defaults, Nudges, and Frames
Lecture 20 - Malleability and Inaccessibility of Preferences
Lecture 21 - Poverty through the Lens of Psychology
Lecture 22 - Happiness and Mental Health
Lecture 23 - Policy with Behavioral Agents