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LUBS3375
Module Reading List

Behavioural Economics, 2019/20, Semester 1
Gabriel Burdin
g.burdin@leeds.ac.uk
Tutor information is taken from the Module Catalogue

Reading

The readings are an essential part of the course. Lectures will help you understand the readings as well as providing additional information and applications. The main textbook of the course is Wilkinson and Klaes (2012), “An introduction to Behavioral Economics” (2nd Edition), Palgrave Macmillan.   

Individual journal articles will also be referred to occasionally (see topic by topic list below).

A separate list of journal articles will be indicated for students' presentations at the tutorials.  

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Lecture 1. Behavioural economics: introduction

  • Wilkinson and Klaes (2012), Chapter 1, Chapter 2 (only section 2.2), Chapter 3 (only sections 3.1, 3.2 & 3.3).
  • Camerer, C. F. and Loewenstein, G. (2003). Behavioral Economics: Past, Present, Future. In Camerer, C., Loewenstein, G., and Rabin, M., editors, Advances in behavioral economics ISBN: 0691116822 (pbk. : alk. paper); 0691116814, The Roundtable Series in Behavioral Economics, chapter 1, pages 3-51. Princeton University Press (Optional reading).

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Lecture 2 & 3. Decisions under risk

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Lecture 4.  Intertemporal choice: discounted utility model and anomalies, self-control problems, hyperbolic discounting

  • Wilkinson and Klaes (2012), Chapter 7 & Chapter 8 (only sections 8.2, 8.3 & 8.7)  
  • Frederick, S., Loewenstein, G., and O'Donoghue, T. (2002). Time discounting and time preference: A critical review. The journal of economic literature. ISSN: 0022-0515, 40(2):pp. 351-401 (Optional reading).

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Lecture 5 & 6. Fairness and Social preferences

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Lecture 7 . Nonstandard beliefs: limits of Bayesian updating, overconfidence, projection bias, law of small numbers

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Lecture 8. Nonstandard decision-making: framing, limited attention, suboptimal heuristics, emotions

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Lecture 9. Endogenous preferences, nudge theory, welfare and policy implications

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Lecture 10. Overview, review and feedback

This list was last updated on 24/10/2019