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BEHAVIORAL AND EXPERIMENTAL ECONOMICS

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BEHAVIORAL AND EXPERIMENTAL ECONOMICS

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Academic year 2014/2015

Course ID
MAN0011
Teacher
Prof. Anna Maffioletti
Year
2° anno
Type
Affine o integrativo
Credits/Recognition
6
Course disciplinary sector (SSD)
SECS-P/01 - economia politica
Delivery
Tradizionale
Language
Inglese
Attendance
Facoltativa
Type of examination
Scritto
Prerequisites

Course borrowed from
http://www.didattica-cps.unito.it/do/corsi.pl/Show?_id=ieiz;sort=DEFAULT;search=;hits=368
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Sommario del corso

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Course objectives

Gli studenti dovranno essere in grado di conoscere i nuovi strumenti teorici e di applicarli all'analisi del comportamento dei singoli agenti economici individui ed imprese tipiche di un sistema economico complesso con una particolare attenzione ai problemi di comunicazione percezione del rischio e interazioni strategiche anche in culture o ambienti culturali distinti.
Students should be able to know new theoretical instruments, apply them to economic analysis and be able to analysis the complexity of economic behaviour of individual agents and firms with a particular attention to communication, perception of risk and interaction between agents in different cultural backgrounds

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Results of learning outcomes

Gli studenti debbono essere in gardo di valutare e criticare il lavoro altrui di fare il desagn di un esperimento e di applicare gli studenti in un ambito economico o sociologico.
Student should be able to valuate critically the literature; design an experiment, applied theoretical and experimental tools to a economic or sociological topic

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Learning assessment methods

Durata: 3 ore.

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Program

Concetto di razionalità
Fondamenti di economia delle preferenze e dell’incertezza
Economia sperimentale
Utilità attesa
Preferenze rispetto al rischio
Critiche al concetto di Utilità
Cambio di preferenze
Effetto descrizione
Applicazioni a finanza e Mercato del Lavoro e Ambiente
Teorie alternative all’utilità
Teoria dei giochi
Applicazioni alla neuroeconomia, agli studi di genere e a differenze culturali

Theory of Choice and rationality concept
Decision making under risk and uncertainty
expected Utility
risk Preferences
Endowment effect
Preference Reversal
Feaming Effect
Application to Finance Labor Communnication
Experimental methodology
Expeted utility and criticisms
Elements of Behavioral Game theory
Neuroeconomics. experiments on gender differences and cultural differences

Suggested readings and bibliography

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Introduction to Behavioral Economics

Author: Just, David R.

Px 1 1incertezza e ignoranza comparativa *Ellsberg D. (1961) - “Risk, Ambiguity, and the Savage Axiom”,Quarterly Journal of Economics, 75, 643-69
8 Fairness and Games • Charness, Gary, and Rabin, Matthew (2002); "Understanding Social Preferences with Simple Tests", The Quarterly Journal of Economics 117 (3), 817 - 869 • Burrows P. G. Loomes THE IMPACT OF Fairness on Bargaining Behaviour Empirical Economics 1994 (19) 201-221 • Dawes M. R. Thaler Cooperation Journal of Economic PerspectiveVol “. N. £ pp 187-197 • Fehr, E., Kirchsteiger, G., Riedl, A., 1993. Does fairness prevent market clearing? An experimental investigation. Quarterly Journal of Economics 58, 437– 460. • Armin Falk, Ernst Fehr, Christian Zehnder Fairness Perceptions and Reservation Wages—The Behavioral Effects of Minimum Wage Laws Quarterly Journal of Economics November 2006, Vol. 121, No. 4: 1347-1381. 9 Economics of Gender • Performance in Competitive Environments: Gender Differences." Uri Gneezy, Muriel Niederle and Aldo Rustichini; Quarterly Journal of Economics, 2003, 118(3), pp. 1049-74. • James Andreoni & Lise Vesterlund, 2001. "Which Is The Fair Sex? Gender Differences In Altruism," The Quarterly Journal of Economics, MIT Press, vol. 116(1), pages 293-312, February. Differences in the economic decisions of men and women:experimental evidence Catherine C. Eckel Philip J. Grossman Department of Economics Virginia Technology 10 Neuro economics • Neuroeconomics: How Neuroscience Can Inform Economics Colin Camerer, George Loewenstein and Drazen Prelec The Journal of Economic Literature Vol. 43, No. 1, March 2005 • Rustichini Aldo 2005 Neuroeconomics Present and Future Games and Economic Behavioour 25 201-21



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