14.127 Behavioral Economics and Finance

As taught in: Spring 2004

A photo of a crowded shopping mall hallway.

Shopping mall. (Image courtesy of Nicholas Sales. Used with permission.)




Prof. Xavier Gabaix

Course Features

Course Description

This course surveys research which incorporates psychological evidence into economics. Topics include: prospect theory, biases in probabilistic judgment, self-control and mental accounting with implications for consumption and savings, fairness, altruism, and public goods contributions, financial market anomalies and theories, impact of markets, learning, and incentives, and memory, attention, categorization, and the thinking process.

*Some translations represent previous versions of courses.