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Instructors: Prof. Dr. Dr. Lydia Mechtenberg
Event type:
Interactive class
Displayed in timetable as:
Rationality in Exper
Hours per week:
3
Credits:
6,0
Language of instruction:
English
Min. | Max. participants:
- | 45
Comments/contents:
The standard assumption of full rationality in economics has been questioned by behavioural economics and put to test by experimental economics. This lecture gives an overview over different fields in which the rationality assumption has been disputed. Experimental tests of the rationality assumption in these different fields and their consequences for microeconomic theory will be presented and discussed. The main focus in the first part of the lecture will be on Uncertainty, Probability Judgments and Expectations. The second part of the lecture will concentrate on applications to problems of Political Economy. There will be no exam. Grades will be given for presentations of self-designed experiments. Thus, this course is particularly well-suited for Master students who consider conducting an experiment for their master thesis.
Learning objectives:
In the interactive part, students will learn how to design a good experiment themselves.
Didactic concept:
Interactive lecture.
Literature:
Papers will be uploaded in Stine.
Additional examination information:
There will be no exam. Grades will be given for presentations of self-designed experiments. Thus, this course is particularly well-suited for Master students who consider conducting an experiment for their master thesis.
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