- Ukončenie: Skúška
Vyučujúci
Zaradený v študijných programoch
Výsledky vzdelávania
Teaching results:
Knowledge
The course will provide students with an advanced insights on selected topics and research methods
of behavioral economics. Students will acquire understanding and analytical insights in the
deviations of individuals from rationality and cognitive distortions.
Abilities and skills
Students will be able applying knowledge gained for addressing economic problems both in the
public and private sectors. After having completed the course, students will be able to identify and
evaluate systematic deviations in behavior of various economic agents and propose alternative
solutions to reduce them and assess the impact of these interventions.
Graduates from the course will also be able to analyze collected data and based on this analysis
address questions that are relevant for behavioral sciences.
Students will also be able to synthesize various approaches, theories and conclusions from empirical
studies in behavioral economics.
In addition to building up economic knowledge, the course also develops analytical skills and
academic presentation skills of students (the later in the field of written and verbal academic
communication).
Stručná osnova predmetu
Indicative content:
1. Behavioral economics – scope and methodology, 2. Prospect theory and decision–making under risk, 3. Social preferences, 4. Intertemporal choice, Time preference and self-control, 5. Heuristics and behavioral biases, 6. Behavioral nudges, 7. Models of limited rationality, 8. Behavioral game theory.
Odporúčaná literatúra
Literature:
Tomer, J.T. Advanced introduction to behavioral economics, Edward Elgar, 2017.
Dhami, S. (2017) The Foundations of Behavioral Economic Analysis, Oxford University Press.
Camerer, C.F., Loewenstein, G., Rabin, M. (2003) Advances in Behavioral Economics, Princeton University Press.
Kahneman and Tversky (1979) Prospect Theory: An Analysis of Decision Under Risk, Econometrica, 47(2): 263–
291.
List (2003) Does Market Experience Eliminate Market Anomalies?, Quarterly Journal of Economics, 118(1): 41–
71.
DellaVigna, List, Malmendier. (2012) Testing for Altruism and Social Pressure in Charitable Giving”. Quarterly
Journal of Economics, 127(1): 1–56
Tversky, A. and Kahneman, D. (1974) Judgment Under Uncertainty: Heuristics and Biases, Science, 185(4): 1124–
1131.
Matthew Rabin, Joel L. Schrag (1999) First Impressions Matter: A Model of Confirmatory Bias, The Quarterly
Journal of Economics, 114(1), 37–82.
Loewenstein, G, O’Donoghue, T, and M Rabin (2003) Projection Bias in Predicting Future Utility, Quarterly
Journal of Economics 118(4), 1209-1248.
Kahneman and Krueger (2006) Developments in the Measurement of Subjective WellBeing, Journal of Economic
Perspectives, 20(1): 3–24.
Tversky, A., Kahneman, D. (1974) Judgment Under Uncertainty: Heuristics and Biases, Science, 185(4157), 1124-
1131.
Akerlof, G., Shiller, R. (2009) Animal Spirits, Princeton University Press.
The list of additional reading will be provided to students at the beginning of the semester in connection with the
focus of their dissertation research.
Podmienky na absolvovanie predmetu
Requirements to complete the course:
40% - preparation of research paper (literature review and original research)
10% - active contribution to discussions in class
50% - written exam
Pracovné zaťaženie študenta
Time allocation: 130 hours
32 hours– contact hours
36 hours – preparation of the research paper
20 hours – preparation for class
42 hours – preparation for the final exam
Dátum schválenia: 28.10.2025
Dátum poslednej zmeny: 28.10.2025
Dátum schválenia: 28.10.2025
Dátum poslednej zmeny: 28.10.2025