Learning Objectives:After completing the course, you should be able to:
|Knowledge:||• Review the most recent developments and theories of human decision-making both from Economics and Psychology.|
|• Analyze the tools of behavioral science and compare their effectiveness to change specific behaviors.|
|Skills:||• Reflect on how experiments and randomized controlled trials work and why this methodology is critical for making inference about causal relationships.|
|• Debate and discuss critically several interventions that have been conducted to change people’s behavior in the domain of energy efficiency, health, charitable giving, education, saving and discrimination.|
|Competencies:||• Examine (real-world) cases where people make decisions that are inconsistent with the assumptions of rational decision making and identify the consequences of this irrational behavior for the society.|
|• Design experiments and develop policy intervention aiming at ameliorate societal well-being and improve people’s life.|
For more information, please read the Syllabus.
Course organizationThe course is divided in two parts: Part 1: “Principles and Methods” I will introduce the topic and present the relevant literature for the course. We will investigate why people make mistakes and when these mistakes matter. We will study how the policymaker can change this behavior and how behavioral insights can complement the standard tools (regulation, information and incentives). Then, we will discuss how we can measure the impact of an intervention: we will discuss pros and cons of the experimental and quasi-experimental methods. Behavior
Lecture 1; Lecture 2; Lecture 3
Lecture 4; Lecture 5; Lecture 6
Lecture 7; Lecture 8; Lecture 9
Moreover, in Part 1 of the course students in groups have to collaborate closely, do homework and prepare short presentations together. For more information please read Activity Part 1.
Part 2: “Applications” We will discuss and analyze a different topic in each lecture. For each lecture, we will have a group of students (3-4 students) in charge to read the papers assigned and prepare a presentation. In Part 2, students have to prepare an oral presentation of the papers assigned. Applications:
- Charitable Giving