Experiments in Behavioral Economics – Methodology and Applications

About

A usual complaint about economic theory courses we hear from students sounds like "but it does not work like this in real life!"
Unfortunately, studying general cases takes too much time to explain that life is a special case of a general rule. During the course we will reconcile theory and practice: we will see how mental and emotional filters shape the choices people make personally and as a group within an experimental setup and via social networks.

This will be done in a form of game lab experiments and analysis of experimental results. You will be given appropriate methodology and at the end of the course you will design your own experiment aimed at suggestions in public policy or business strategy.

Course leader

Nadezhda Shilova, Leading research fellow, associate professor National Research University Higher School of Economics (HSE) Moscow, Russia Mario Rosario Guarracino, Senior Lecturer Department Economics and Law University of Cassino and Southern L

Target group

• Advanced Bachelor
• Master
• PhD

This course is designed for:
- Students of economic faculties might be interested in how psychological constraints alter people's decisions, and how these changes affect economics outcomes.
- Students of marketing faculties might be interested in new promotion strategies suggested by behavioral economists.
- Students of management and law faculties would appreciate the theory of nudges and their philosophical meaning in terms of law­ making and management in organizations.
- Professionals and practitioners with data analytics skills, who are interested in understanding how programming and analytics abilities find application in behavioral economics studies.

Course aim

After this course you are able to :

1. Understand behavioural patterns of economic agents;
2. Improve own decision making schemes and make better decisions;
3. Design and perform economic experiments given marketing or governmental policy aims, analyse the results;
4. Give policy suggestions in the related spheres.

Fee info