Economics 119: Psychology and Economics
Economics 119: Psychology and Economics (Fall 2014, UC Berkeley). Instructor: Professor Daniel J. Acland. This course presents psychological and experimental economics research demonstrating departures from perfect rationality, self-interest, and other classical assumptions of economics and explores ways that these departures can be mathematically modeled and incorporated into mainstream positive and normative economics. The course will focus on the behavioral evidence itself, especially on specific formal assumptions that capture the findings in a way that can be incorporated into economics. The implications of these new assumptions for theoretical and empirical economics will be explored.
|Lecture 07 - Reference Dependent Preferences in Labor Supply, Reference Point Determination|
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