In this module, we cover an array of current research topics in Microeconomics with a special focus on the economics of choice, including key insights from psychological and behavioral economics. We discuss some of the most important concepts, such as loss aversion, salience, incomplete information processing or limited attention.
The course is designed as a seminar, with student presentations as its core. The module is aimed at students who want to gain applied knowledge from the research frontier beyond what is covered in standard textbook-based courses. While the ultimate choice of topics will reflect student interests, the array of topics includes
• Biased Decision-making due to cognitive fallacies, such as the “Hot Hand Effect”, Opportunity-Cost Neglect or the Endowment Effect (Loss Aversion)
• Decision-making under (too) much information
• Using behavioral economics to design choice situations
The course is designed as a seminar, with student presentations as its core. The module is aimed at students who want to gain applied knowledge from the research frontier beyond what is covered in standard textbook-based courses. While the ultimate choice of topics will reflect student interests, the array of topics includes
• Biased Decision-making due to cognitive fallacies, such as the “Hot Hand Effect”, Opportunity-Cost Neglect or the Endowment Effect (Loss Aversion)
• Decision-making under (too) much information
• Using behavioral economics to design choice situations
- ZHAW Teacher: Andreas Hefti (W Dozent)
