Shopping mall. (Image courtesy of Nicholas Sales. Used with permission.)
Instructor(s)
Prof. Xavier Gabaix
MIT Course Number
14.127
As Taught In
Spring 2004
Level
Graduate
Course Description
Course Features
Course Description
This course surveys research which incorporates psychological evidence into economics. Topics include: prospect theory, biases in probabilistic judgment, self-control and mental accounting with implications for consumption and savings, fairness, altruism, and public goods contributions, financial market anomalies and theories, impact of markets, learning, and incentives, and memory, attention, categorization, and the thinking process.