Behavioral Economics for Business

This course provides an overview of organizational behavior and human decision making from a behavioral economics perspective, which is an emerging subfield that integrates insights from psychology into economic models of behavior. Students will discuss ways in which individuals in business organizations systematically depart from assumptions such as perfect rationality and self-interest. The course will lead students to question many assumptions of the standard models. A goal of this course is to point towards ways one might modify standard models of organizational behavior, so as to increase their psychological realism and thus improve their predictive power.

Prerequisites: This course is self-contained and students are not required to take previous courses. In general, a student should be able to read comfortably the suggested books.