14.127 Behavioral Economics and Finance

Spring 2004

Shopping mall.
Shopping mall. (Image courtesy of Nicholas Sales. Used with permission.)

Course Highlights

This course site features a complete set of lecture notes.

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.

*Some translations represent previous versions of courses.

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Prof. Xavier Gabaix

Course Meeting Times

One session / week
3 hours / session