Behavioral and Experimental Economics

Behavioral and Experimental Economics

Course dates:
2 August, 2021 to 23 August, 2021
Fee:
EU/EEA citizens 2625 DKK/Non-EU/EEA citizens 1275 EUR
Fee advantages:
Full fee
Topics:
Economics
Application deadline:
Thursday, 1 April, 2021
University:
University of Copenhagen
Copenhagen, Denmark

General information

Behavioral economics attempts to make economics a more relevant and powerful science of human behavior by integrating insights from psychology and the social sciences into economics. Experimental economics adapts methods developed in the natural sciences to study economic behavior. Experiments are valuable in testing to what extent the integration of insights from other disciplines into economics is necessary and fruitful. Behavioral and Experimental Economics is a vibrant field of research in economics and sheds new light on many old and important issues in economics. The field has received wide recognition in recent years, for example by the award of the Nobel Prize in Economics 2002 to Daniel Kahneman and Vernon Smith. The field is rapidly growing. This course can therefore not provide a comprehensive overview but concentrates on selected topics instead.

The course addresses the following questions: What are the advantages and limitations of experimental economics? How important are deviations from the assumptions of full rationality and strict self-interest in determining outcomes of economic interaction? It is argued that identifying individual-level “anomalies” is not sufficient to demonstrate their economic and social importance. Instead, it must be analyzed how institutions mitigate and multiply these anomalies. A broad range of institutions, including markets, bargaining and voting is discussed.

Accommodation

Please note that the summer courses are non-residential. Participants are responsible for finding and funding accommodation during their stay in Copenhagen.

You can use different online portals to search for accommodation, such as:

Airbnb
Danhostel
Hostel World
UCPH Housing Foundation (acceptance letter from UCPH required)

Registration

Online application form

ECTS accreditation

Bachelor/Master level

7,5 ECTS

Contact information

jean-robert.tyran@econ.ku.dk