310160 :Seminar Economics and Psychology of Risk and Time


Voertaal Engels
Werkvorm: Lectures and interactive lectures (Collegerooster)
Tentamenvorm: written exam, assignments, presentation (Tentamenrooster)
Studielast:6 ECTS credits
Blackboard informatieLink to Blackboard (Als u de melding 'Guest are not allowed in this course' krijgt, dient u nog bij Blackboard in te loggen)


prof. dr. G. van de Kuilen (Coordinator)

D. Schindler

Doel van de cursus (alleen in het Engels beschikbaar)

Students learn about the most important limitations of the rational choice model, and how these are rooted in psychology. Students learn basic alternative behavioral models and how these can be applied in different fields.

Inhoud van de cursus (alleen in het Engels beschikbaar)

Human decisions and judgements are often based on intuitions and feelings, and not exclusively on purely rational considerations. This has important implications for how we deal with risk and uncertainty, how we plan and prepare for the future, and how we form expectations about the future. In the first part of this seminar, we illustrate how insights from psychology can improve our understanding of important economic decisions such as consumption, saving, and insurance from a theoretical point of view. In the second part, the theoretical insights will be applied in practice. 

Verplichte literatuur

  1. Cartwright, E., Behavioral Economics, Routlegde, 2014 (2nd ed), ISBN 978041573764.
  2. Various papers as indicated on Blackboard.

Verplicht voor

  • MSc Economics: Behavioral Economics ( 2015, 2016, 2017 )
  • MSc Economics: Pensions, Aging and Retirement ( 2015, 2016, 2017 )

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