Behavioral and Experimental Economics

DEC33806

About this course

the main focus of this course is to become familiar with the methods used in behavioral and experimental economics and to learn how to run experiments in this field. Topics that will be covered relate to preference construction, social preferences, fairness, attitudes towards risk and ambiguity, intertemporal choice, etc. These topics are instrumental for learning about the methods involved in this field, and will serve as the theoretical foundation to the experimental proposal that each student will design and write as part of their final evaluation.

Learning outcomes

After successful completion students are expected to be able to:

  • review behavioral and experimental economics theories and their applications;
  • understand behavioral and experimental economics methods and their rationale;
  • evaluate experimental methods and papers;
  • discuss emerging fields/topics in behavioural and experimental economics;
  • design/run behavioural experiments in economics and related fields.

Teaching method and examination

A written examination (closed questions) at end of week 5 to test lower order learning goals (30%).
Short multiple choice and closed answers exam to establish performance in the lower level learning goals of this course. A minimum passing grade of 5.5 is needed to pass the course, but the low weight of the exam means that the final grade will mostly depend on the proposal quality.
An essay (individual assignment) in the form of an experimental design to test for the higher order learning goals (70%).

  • Participation pass/fail
    Flipped classroom presentations (0%): we will give a lot of attention to positive and constructive feedback. We will also mark each group with -,=,+,++ (which we can disclose upon request) but this will not be part of the final grade. Rather, feedback should help understand how to improve one’s proposal later in the course. Each flipped class, every group will either present or criticize.
    Weekly group experimental proposals (0%): Again, we strongly encourage participation and active discussion in class. Also for this reason, none of it will be graded. Again, group participation is mandatory and is a requirement for passing the course.

For both the written examination and the essay a minimal score of 5,50 is required.

Required prior knowledge

Assumed Knowledge:
at least one intermediate microeconomics course or equivalent; proficiency with econometrics and/or statistics is a plus

Link to more information

If anything remains unclear, please check the FAQ of Wageningen University.

Offering(s)

  • Start date

    13 mei 2024

    • Ends
      5 juli 2024
    • Term *
      Period 6
    • Location
    • Instruction language
      English
    Only one day to enrol
For guests registration, this course is handled by Wageningen University