Archived from a course delivered in Spring 2006, this site has lecture notes, a syllabus and assignments freely available as part of MIT OpenCourseWare.
Online Text and Notes in Experimental Economics
Part of the MIT OpenCourseWare site, this page supports a 2004 course on economics and psychology. The course integrates psychological insights into economic models of behaviour. It discusses the limitations of standard economic models and surveys the ways in which psychological experiments have been used to learn about preferences, cognition, and behaviour. It includes a syllabus, list of readings, lectures slides / handouts, details of assignments and problem sets.
Maps of bounded rationality : a perspective on intuitive judgement and choice is Daniel Kahneman's 2002 Nobel Prize lecture, reviewing psychological and behavioural perspectives on economic choice following from his pioneering work with Amos Tversky. Includes a summary of their 'prospect theory', an alternative to rational choice theory that is consistent with their empirically discovered judgement biases, and a review of evidence for the main heuristics and their associated biases. Available as text or as a video of the lecture.
This is the website for a course on behavioural economics as taught as an advanced course at masters level by the University of Oslo since 2006. It includes details of the syllabus / reading list, assessment methods, lecture handouts and economic problems to be discussed in the seminars. Specific topics covered by the course include behavioral decision theory, time inconsistency and self-control, social preferences and fairness.
The Nobel Foundation makes available a great deal of material on each of the Economics prize winners, including video of each Prize Lecture since Robert Mundell in 1999. As well as a lay introduction to each prize winner's research, there are "Advanced information" links giving a more technical explanation. This link is to the Economics Network's quick index of lecture videos and related materials on the site. Each video is a full lecture (usually between 40 and 60 minutes) with good audio and video quality, and pitched at a non-technical audience. Transcripts of each lecture are available.
Behavioural Finance brings together a range of resources around the topic of behavioural finance including an introductory paper with an extensive bibliography (updated in August 2008), a brief history of the subject and links to key people, departments and publications in the area. It also features a glossary of terms from adaptive attitudes to the winners curse, that includes brief definitions and links to key papers on individual topics.
Al Roth's game theory, experimental economics and market design page includes introductory articles called: Game-Theoretic Models of Bargaining, Two-Sided Matching Models, Experimental Economics, Is Economics a Science?, and Matching and Allocation in Medicine and Health Care.
PowerPoint presentation depicting decision-making under risk, showing how risk attitudes can be examined using choices among lotteries or willingness to pay for insurances. Shows how risk attitudes can be captured in convexity of the indifference curve or strict concavity of the utility function; and how risk aversion can be quantified by the ratio of second and first derivatives of the utility function, implying that it falls as wealth increases.
This is a webpage supporting a course on Institutional and Behavioural Economics as taught by David Schweikhardt and A. Allan Schmid at Michigan State University in 2006.It covers topics such as: collective action, public choice, property rights, agency, transaction-information costs, behavioural theory of the firm-consumers-government, externalities, income distribution, order, evolution, learning, uncertainty, legitimation, altruism. Materials include handouts of lecture presentations, suggested readings and texts.
This bibliography of 2000 publications and 500 discussion papers are organised here by topic and keyword, with some short abstracts by the site author. The collection was last updated in 1999. It covers the whole of experimental economics, including game theory, markets, bargaining, auctions, and public economics.