Behavioral Economics & Finance

This outline provides a structured overview of the course content, linking to each lecture to help you navigate through the material.

Week 1: Foundations of Behavioral Economics

• Lecture 1: What and Why

• Lecture 2: BE in Relation to other Sciences & Economics

• Lecture 3: Evolution of BE

• Lecture 4: The Neoclassical Tradition - An Introduction

• Lecture 5: Methodology - Types of Empirical Studies

Week 2: Motivation & The Standard Model

• Lecture 6: Intro to Motivation and Hierarchical Needs

• Lecture 7: Achievement and Craftmanship - Driving Forces in Economic Behavior

• Lecture 8: Social Drivers of Economic Decisions

• Lecture 9: The Standard Model in Neoclassical Economics

• Lecture 10: Axioms & Assumptions of NM

Week 3: Bounded Rationality & Biases

• Lecture 11: Utility

• Lecture 12: Types of Utility

• Lecture 13: Bounded Rationality & Heuristics

• Lecture 14: Biases

• Lecture 15: Heuristics & Framing Effects

Week 4: Choice Architecture & Probability

• Lecture 16: Menu Effects

• Lecture 17: A few effects & Choice Architecture

• Lecture 18: Nudges

• Lecture 19: Fundamental of Probability Theory

• Lecture 20: Bayesian Updating and Confirmation Bias

Week 5: Prospect Theory I

• Lecture 21: Prospects & Risk Attitude

• Lecture 22: Risk Attitude & Axioms of EUT

• Lecture 23: Other Axioms & Violations of EUT

• Lecture 24: Anomalies of EUT & Prospect Theory

• Lecture 25: Prospect Theory - Evaluation

Week 6: Prospect Theory II & Criticisms

• Lecture 26: The Value Function

• Lecture 27: The Weighting Function

• Lecture 28: Cumulative Prospect Theory I

• Lecture 29: Cumulative Prospect Theory II

• Lecture 30: Criticisms of Prospect Theory