Behavioral Economics and Public Policy

This module covers various cognitive heuristics and biases, including representativeness, anchoring, availability, affect, overconfidence, and exponential growth bias. It provides an understanding of how these mental shortcuts and errors in judgment influence decision-making.

This module explores human risk preferences, covering topics such as loss aversion, prospect theory, mental accounting, and sunk costs. It examines how people evaluate and respond to potential gains and losses in decision-making scenarios.

This module focuses on time preferences and self-control issues in decision making. It covers discounting the future, exponential discounting, present-biased discounting, and commitment contracts. The module explores how people value future outcomes and manage impulse control.

This module examines strategic thinking among economic agents and humans, including Level K and Cognitive Hierarchy models. It also introduces the concept of fairness in decision-making and social interactions.

This module explores discrimination in various contexts, including types, evidence, and consequences of discrimination. It also covers the economics of gender, differences in gender, and policies to reduce gender gaps.

This module focuses on the concept of nudges in behavioral economics and public policy. It covers designing choice architecture and explores various types of nudges that can influence decision-making in policy contexts.