Understand how psychology influences economic decision-making
Apply foundational concepts from game theory
Analyze the social dimensions of economic behavior
Traditional economic theories often do not account for the nuances of human decision-making. In this course, you will examine how psychology, cognitive biases, social preferences, and the actions of others shape economic behavior. Using behavioral science and game theory, you will explore why people procrastinate, respond to defaults, care about fairness, and change their strategies based on what others do.
Interactive polls and classic economic experiments will help you compare your own choices with observed patterns of behavior while exploring concepts such as present bias, choice architecture, strategic interaction, Nash equilibrium, reciprocity, and framing effects.
Designed as an accessible introduction, this course requires no previous economics coursework or advanced mathematics.
