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ECON 436 - Behavioral Economics

Course Announcements

- Slides for chapter 12 posted.

The last set of slides have been posted. They contain a some concluding remarks and a quick review.They are available here.

- Office hours for last homework and final exam.

I will have office hours on Monday 12/5 at 5PM in MCLD 131 for help with the final homework. I will also have office hours on Thursday 12/8 at 5PM in MCLD 122 for any questions you may have when studying for the final. As always, if you would like to set up additional office hours, please send me an email.

- Quick question for you to answer before class

I have a quick question for you to answer for class today. It should take about 30 seconds to answer the question. If you could take a minute and answer that would be great (please only answer once). The question is here: Question.

- Practice Final Exam Posted.

The final exam will take place on Monday December 12th. To help you study and know what to expect, the final exam from last year's course has been posted. It is available on the Exams page.

- Homework #6 posted.

The sixth homework assignment has been posted, and is available here. It is due on Tuesday, December 6th in class. It covers chapters 10 and 11.

- Slides for chapter 11 posted.

The slides for the chapter 11 have been posted. These should take about 5 classes to finish. They cover the behavioral explanations of why people may not behave according to the standard game theory models. They are available here.

- Office Hours for help with HW#5.

I will have office hours for help with HW#5 on Tuesday after class at 12:30PM-1:30PM in my office McClelland Hall 401V. There will be additional office hours at 5PM on Wednesday at a location to be announced later.

- Homework #5 posted.

The fifth homework assignment has been posted, and is available here. It is due on Thursday, November 17th in class. It covers chapter 10.

- Slides for chapter 10 posted.

The slides for the chapter 10 have been posted. They cover Analytical Game Theory and should take about 3 classes to finish. They are available here.

- Upcoming Office Hours.

There will be office hours for help with HW #4 on Monday October 31st at 5PM in McClelland 134. There will be office hours for any exam questions on Wednesday November 2 at 5PM in HARV 102.

- Homework #4 posted.

The fourth homework assignment has been posted, and is available here. It is due on Tuesday, November 1st in class. It covers chapters 7-9.

- Slides for chapter 9 posted.

The slides for the chapter 9 have been posted. These should take about 2 classes to finish. They cover the behavioral explanations of why people may not behave according to the discounted utility model. They are available here.

- Practice Midterm #2 Posted.

The first midterm will take place in class on Thursday November 3rd. To help you study and know what to expect, the second midterm from last year's course has been posted. It is available on the Exams page.

- Slides for chapter 8 posted.

The slides for the chapter 8 have been posted. We should be able to finish these quickly, in about 1 class. They cover the discounted utility model which takes into account how individuals maybe have preferences over time. They are available here.

- Office Hours for help with HW#3

I will have hours on Thursday 10/13 at 5PM in MCLD 125 and Monday 10/17 at 5PM in MCLD 128.

- Homework #3 posted.

The third homework assignment has been posted, and is available here. It is due on Tuesday, October 18th in class. It covers chapters 6 and 7. I will have some office hours on Thursday and Monday for help with the homework.

- Slides for chapter 7 posted.

The slides for the chapter 7 have been posted. These will take about 3 classes to cover, and cover the decision making under risk and uncertainty. They are available here.

- Slides for chapter 6 posted.

The slides for the chapter 6 have been posted. These will take about 2 classes to cover, and cover the theory about decision making under uncertainty. They are available here.

- Several clarifications for the homework

Here are several clarifications for things that came up in office hours:
  • For question number 2 about the lottery tickets, I am assuming that the ticket 50,49,48,47,99 is different than the ticket 47,48,49,50,99.
  • For problem #4, since your belief is that the coin is equally likely to be weighted heads (WH) and weighted tails (WT), then P(WH)=0.5 and P(WT)=0.5.
  • Part e of problem 5 is not required as we haven't covered the availability heuristic yet.

- Office Hours times and locations

I have decided to have office hours on this Friday in addition to those on Monday and Wednesday next week. They will all be at 5PM and will be in MCLD 129 on Friday, and MCLD 128 on Monday and Wednesday.

- Extra Credit Reminder

You are allowed to turn in three extra credit assignments over the course of the semester. The first extra credit must be turned in before the first midterm to receive credit. The extra credit assignments must be uploaded here to receive credit. Please see the course syllabus for more details.

- Practice Midterm #1 Posted.

The first midterm will take place in class on Thursday September 30th. To help you study and know what to expect, the first midterm from last year's course has been posted. It is available on the Exams page.

- Homework #2 posted.

The second homework assignment has been posted, and is available here. It is due on Tuesday, September 27th in class. It covers chapters 4 and 5.

- Slides for chapters 4 and 5 posted.

The slides for the chapters 4 and 5 have been posted. These will take about 5 classes to cover, and will be the last slides before the midterm. They are available here.

- Several small clarifications for HW#1 from office hours

Here are several clarifications for HW#1:
  1. 1. There were some typos in the proofs solutions that I gave for parts c and d, and they have been updated here: solutions.
  2. 2. For problem 3d you can use the result from problem 2b
  3. 3. Question 6 should read "for each set of indifference curve from question 4" (not question 3). This has been updated on the homework.

- Office Hours Locations

Office hours today will be in HARV 115 at 4pm. On Monday they will be in MCLD 123 at 5PM.

- Office Hours

I will have hours on Friday 9/09 at 4PM and Monday at 5PM. Both will be somewhere in McClelland Hall, with exact locations to be determined later.

- Two quick questions for you to answer

I have two quick questions for you to answer for class. They should take about 30 seconds to answer each question. If you could take a minute and answer that would be great (please only answer each question once). The questions are here: Question 1 and Question 2.

- Homework #1 posted.

The first homework assignment has been posted, and is available here. It is due on Tuesday, September 13th in class. It covers chapters 2 and 3.

- Slides for third chapter posted.

The slides for the third chapter have been posted. These should take three classes to cover. They are available here.

- Solutions to the proofs posted.

Here are the solutions to the proofs that we did in the exercise in class. I also created a demo that hopefully will give you some more intuition about proofs. You can take a look at it here, and I will explain it more in class.

- Slides for second chapter posted.

The slides for the second chapter have been posted. These should take two classes to cover. They are available here.

- Slides for first chapter posted.

The slides for the first class have been posted. They are available here. The slides have parts that have not been filled in, so it is recommended to print these before class, so that you can have them available to fill in as we go over the slides in class.

- Course Syllabus Updated

The course has been updated with final exam dates and other minor details, it is available here.

- Course Syllabus Posted

The course has been posted, it is available here.

- Course Website Created

The course website has been created, you will be able to find all course related material here when it is posted.