LUBS5144M
Module Reading List

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 textbooks of the course are:   

• Wilkinson and Klaes, 2012. “An introduction to Behavioral Economics” (2nd Edition), Palgrave Macmillan.       
• Kuhn, 2018. “Personnel economics ISBN: 9780199378012 (hardcover)”, Oxford University Press. [only chapter 9]  

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.  

 1. Behavioural economics and the study of the employment relationship: behavioural principals and agents

• Wilkinson and Klaes, 2012. An introduction to Behavioral Economics Chapter 1, Chapter 2 (only section 2.2), Chapter 3 (only sections 3.1, 3.2 & 3.3).  OCR REQUESTED BY LIBRARY (KR 13/11/2018) 
• Camerer and Malmendier, 2007. “Behavioural Economics of Organizations”, in: P. Diamond and H. Vartiainen (eds.), Behavioral economics and its applications ISBN: 9780691122847; 0691122849, Princeton University Press, March 2007 (only pp 235-252).   OCR REQUESTED BY LIBRARY (KR 13/11/2018)   
• Ben-Ner, Avner, 2013. "Preferences and organization structure: Toward behavioral economics micro-foundations of organizational analysis," Journal of socio-economics. ISSN: 1053-5357, vol. 46(C), 87-96.  

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 2. Reference-dependent preferences and loss aversion 

• Wilkinson and Klaes, 2012. An introduction to Behavioral Economics Chapter 5 (excluding section 5.8 & 5.9).  OCR REQUESTED BY LIBRARY (KR 13/11/2018) 
• Card, D., A. Mas, E. Moretti, and E. Saez, 2012. Inequality at Work: The Effect of Peer Salaries on Job Satisfaction. American economic review. 102 (6), 2981–3003.  [Seminar]
• Roland G. Fryer, Jr & Steven D. Levitt & John List & Sally Sadoff, 2012. "Enhancing the Efficacy of Teacher Incentives through Loss Aversion: A Field Experiment," NBER Working Papers 18237, National Bureau of Economic Research, Inc. [Seminar] https://scholar.harvard.edu/files/fryer/files/meritpaychihgtsall_1.pdf

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 3. Social preferences and intrinsic motives (I) 

• Wilkinson and Klaes, 2012. An introduction to Behavioral Economics Chapter 10.  OCR REQUESTED BY LIBRARY (KR 13/11/2018) 
• Levitt, S. D. and List, J. A., 2007. “What Do Laboratory Experiments Measuring Social Preferences Reveal about the Real World?”, The journal of economic perspectives. ISSN: 0895-3309, 21(2):pp. 153-174.  

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4. Social preferences and intrinsic motives (II)  

• Wilkinson and Klaes, 2012. An introduction to Behavioral Economics Chapter 10.  
• Uri Gneezy & Stephan Meier & Pedro Rey-Biel, 2011. "When and Why Incentives (Don't) Work to Modify Behavior,"Journal of Economic Perspectives, vol. 25(4), pages 191-210.  
• Dan Ariely, Emir Kamenica & Drazen Prelec, 2008. "Man’s search for meaning: The case of Legos", Journal of economic behavior & organization. ISSN: 0167-2681 67 (2008) 671–677.[Optiona reading]

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 5. Fairness and social preferences in the workplace: gift-exchange game, control, and trust 

• Armin Falk, 2014. "Fairness and motivation," IZA World of Labor, Institute for the Study of Labor (IZA), 1-9.  https://wol.iza.org/articles/fairness-and-motivation/long
• Kube, Sebastian; Maréchal, Michel André; Puppe, Clemens, 2013. “Do wage cuts damage work morale? Evidence from a natural field experiment”, Journal of the European Economic Association , 08/2013, Volume 11, Issue 4. [Seminar]
• Uri Gneezy & John A List, 2006. "Putting Behavioral Economics to Work: Testing for Gift Exchange in Labor Markets Using Field Experiments," Econometrica. ISSN: 0012-9682, vol. 74(5), 1365-1384. [Seminar]
• Burdin, Gabriel & Halliday, Simon & Landini, Fabio, 2018. "The hidden benefits of abstaining from control," Journal of economic behavior & organization. , vol. 147(C), 1-12. [Optional reading].

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 6. Time-inconsistent preferences: present bias 

• Wilkinson and Klaes, 2012. An introduction to Behavioral Economics Chapter 7 & Chapter 8 (only sections 8.2, 8.3 & 8.7)  OCR REQUESTED BY LIBRARY (KR 13/11/2018) 
• Frederick, S., Loewenstein, G., and O'Donoghue, T., 2002. “Time discounting and time preference: A critical review”, The journal of economic literature. ., 40(2):pp. 351-401. [Optional reading].

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 7. Biased beliefs: overconfidence and managerial behaviour

• Wilkinson and Klaes, 2012. An introduction to Behavioral Economics Chapter 4  OCR REQUESTED BY LIBRARY (KR 13/11/2018) 
• Malmendier, U and Tate, G., 2015. “Behavioral CEOs: The Role of Managerial Overconfidence”, The journal of economic perspectives. , vol. 29(4), pp. 37-60.   

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 8. Team production and the free-rider problem: public good game 

• Fischbacher, Urs & Gachter, Simon & Fehr, Ernst, 2001. "Are people conditionally cooperative? Evidence from a public goods experiment," Economics letters. ISSN: 0165-1765, Elsevier, vol. 71(3), pages 397-404, June.
• Simon Gachter & Ernst Fehr, 2000. "Cooperation and Punishment in Public Goods Experiments," American economic review. ISSN: 0002-8282, American Economic Association, vol. 90(4), 980-994.  

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 9. Social incentives in teams

• Barton H. Hamilton, Jack A. Nickerson and Hideo Owan (2003). Team Incentives and Worker Heterogeneity: An Empirical Analysis of the Impact of Teams on Productivity and Participation, Journal of political economy. ISSN: 0022-3808 Vol. 111, No. 3, pp. 465-497. [Seminar]

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 10. Nonstandard decision-making: framing, limited attention, suboptimal heuristics, nudges

• Wilkinson and Klaes, 2012. An introduction to Behavioral Economics Chapter 3 (only section 3.4).  OCR REQUESTED BY LIBRARY (KR 13/11/2018) 
• Wilkinson and Klaes (2012), Chapter 6 (only pages 246-249), Chapter 11 (only sections 11.5 & 11.7).  

This list was last updated on 13/01/2022