Modulhandbuch (Module manual)

M.184.4162 Seminar on Decision Making using Concepts from Behavioral Economics
(Seminar on Decision Making using Concepts from Behavioral Economics)
Unterrichtssprache (teaching language): Everything will be in English, which includes introductory lectures + slides, basic literature, language of the home assignment (you have to write your assignment in English), and group presentation (you have to speak in English).
Koordinator (coordinator): Dr. Djawadi, Behnud
Lehr- und Forschungseinheit (teaching unit): K.184.41621 Seminar on Decision Making using Concepts from Behavioral Economics
Auskünfte (information): Djawadi, Behnud (behnud.mir.djawadi@uni-paderborn.de)
Credits/ ECTS: 5
Zeitmodus (semester): Sommersemester (summer semester)
Kurzbeschreibung (short description):
At the core of behavioral economics is the conviction that standard economic frameworks enriched by psychological foundation will make economic models more accurate and increase the understanding of how humans make decisions. Indeed, an impressive thorough and detailed body of mainly experimental evidence exists that highlights the empirical success of behavioral economics in predicting and explaining human behavior. In this seminar, the aim is to take a closer look at some selected gems of behavioral economics, including behavioral models of decision-making and their applications, behavioral models of other-regarding preferences such as trust and fairness, organizational behavior, behavioral time discounting, behavioral ethics, behavioral market design and incentives, behavioral finance, and behavioral interventions known as nudges.

The format of the seminar looks as follows: there will be 4 introductory lectures of each 90 minutes, scheduled on two consecutive days: Thursday June 7, 2018 from 09:00-13:00h and Friday, June 8, 2018 from 09:00-13:00h. Attending these lectures is mandatory. In these lectures the fundamentals of behavioral economics and the method of experimental economics will be taught, in an applied way. Subsequently, the single topics will be introduced in more detail by the use of many interactive elements and examples. At the very end of these lectures, the technique of scientific writing will be outlined. The exam consists of an individual and a group component. Participants will be assigned to one of the topics and will be required to write a home assignment within a period of 5-6 weeks. One topic will hereby be assigned to at most three participants, so that participants can work in groups of three to exchange ideas how and what to write in their home assignments. However, each participant WRITES THE HOME ASSIGNMENT INDIVIDUALLY. Submitting exactly the same contents will result in failing the course for all involved participants. The group component consists of a group presentation of 30 minutes (including 5 minutes of discussion) in which the according group members present their work on the assigned topic to the audience. The home assignments will be submitted before the presentations will take place. The home assignment will be due on Monday, July 16, 2018. Two days of presentations will be scheduled on Thursday + Friday, July 19+20, 2018. Attending both presentation days is mandatory (even if you do not present on that day).

Some more important information are worth sound attention: The course is limited to at most 30 participants. Participants can sign up for this course from February 19, 2018 to March 16, 2018. Participants can be put on a queue if a free spot is currently not available. After April 13, 2018 registration will be permanently closed. In May 04, 2018 all registered participants including potential reserves will get some short excerpts of all topics including the basic literature and a list of preferences. All materials will be provided on PANDA. All participants are requested to briefly familiarize themselves with the topics and to give their preferences about the topics until May 18, 2018. During the introductory lectures you will be informed which topic was assigned to you and who your potential group mates will be. Signing off the course without any consequences is allowed until the first day of the introductory lectures, which is June 07, 2018. Participants who might be currently on queue will be requested to attend the introductory lectures to clinch an available spot if one registered participant will not show up.

Lehrveranstaltungen - Teilmodule (courses - module elements):
Empfohlene Voraussetzungen (prerequisites):
Die Inhalte der folgenden Module werden für dieses Modul vorausgesetzt (the following modules are prerequisites):

Zur Zeit sind keine Voraussetzungen bekannt. (No conditions are known.)
Voraussetzungshinweise (prerequisite suggestions):
None
Kombinationshinweise - Überschneidungen (overlapping modules):
Die Kombination mit folgenden Modulen ist nicht zulässig. (it is not feasible to combine with these modules):

M.184.4177 Theories of Behavioral Economics
M.184.4179 Behavioral Economics for Management
M.184.4494 Projectseminar: Experiments in Behavioral Economics
M.184.4495 Behavioral Economics
Erläuterungen (comments):
The seminar cannot be combined with the moduls listed above
Prüfungsmodalitäten (assessments):
80% individual home assignment (12-15 pages)
20% group presentation (30 minutes)
Attending the first day of the introductory lectures on June 7, 2018 constitutes the first exam.
Lernziele (learning objectives):
Faktenwissen
(factual knowledge):
To gain a deeper understanding about how well concepts of behavioral economics predict and explain human behavior, especially in the domain of your assigned topic
Methodenwissen
(methodic competence):
Understanding the motivation and principles of the underlying behavioral models, as well as, describing, analyzing and discussing mainly experimental studies on sound scientific reasoning
Transferkompetenz
(transfer competence):
You will be capable of identifying avenues for future research, and to inform policy makers about the implications of your work
Normativbewertendes Wissen
(normative competence):
Discussing and differentiating what behavioral economics and the experimental methods contributed in the domain of your topic. Discussing and evaluating the contribution and limitations of your own work
Schlüsselqualifikationen (skills):
Searching for additional literature beyond the provided ones; deciding on the focus and structure of your home assignment; discussing the contents of your topic within your group in order to use the elaborated insights to improve the quality of your home assignment; write-up of your home assignment; preparing the contents of your topic for presentation within your group; presenting your work to the audience
Methodische Umsetzung (methodic implementation):
Writing a home assignment about a specific topic in the field of behavioral economics. In addition, you will present the work of your home assignment together with at most two other participants assigned to the same topic to the audience consisting of all other course participants.
Unterrichtssprache (teaching language):
Everything will be in English, which includes introductory lectures + slides, basic literature, language of the home assignment (you have to write your assignment in English), and group presentation (you have to speak in English).
Ablaufinformationen, Terminplan, etc. (practical implementation, schedule):
Participants can sign up for this course from February 19, 2018 to March 16, 2018. Participants can be put on a queue if a free spot is currently not available. After April 13, 2018 registration will be permanently closed. In May 04, 2018 all registered participants including potential reserves will get some short excerpts of all topics including the basic literature and a list of preferences. All participants are requested to briefly familiarize themselves with the topics and to give their preferences about the topics until May 18, 2018. There will be 4 introductory lectures of each 90 minutes, scheduled on two consecutive days: Thursday June 7, 2018 from 09:00-13:00h and Friday, June 8, 2018 from 09:00-13:00h. Attending these lectures is mandatory. During the introductory lectures you will be informed which topic was assigned to you and who your potential group mates will be. Signing off the course without any consequences is allowed until the first day of the introductory lectures. Participants who might be currently on queue will be requested to attend the introductory lectures to clinch an available spot if one registered participant will not show up. The home assignments will be submitted before the presentations will take place. The home assignment will be due on Monday, July 16, 2018. Two days of presentations will be scheduled on Thursday + Friday, July 19+20, 2018. Attending both presentation days is mandatory (even if you do not present on that day).
Bemerkungen (remarks):
Information other than currently listed in this manual will be provided after registration for the seminar closes and/or in the introductory lectures on due course. Please note that this seminar ist limited to 30 students in the summer term 2018.
Lernmaterialien, Literaturangaben (learning material, literature):
The learning materials will be mainly based on research articles which have been published in top journals, as well as not yet published working papers which use state-of-the art techniques to address more recent research questions about different topics in behavioral economics. The materials will be provided to participants via PANDA.
In addition, there are really some nice textbooks and handbooks out there which give you a basic understanding and feeling about what behavioral economics is and what has been achieved to predict and explain human behavior, and, what has been done to help humans make better decisions:
Altman, M. (ed.) (2006): Handbook of Contemporary Behavioral Economics – Foundations and Developments. Taylor & Francis Group, London.
Camerer, C.F. (2003): Behavioral Game Theory – Experiments in Strategic Interaction. Princeton University Press, Princeton.
Camerer, C.F., Loewenstein, G. and Rabin, E. (eds.) (2003): Advances in Behavioral Economics, Princeton: Russel Sage Foundations.
Dhami, S. (2016): The Foundations of Behavioral Economic Analysis. Oxford: Oxford University Press.
Diamond, P., and Vartiainen, H. (eds) (2007): Behavioral Economics and Its Applications, Princeton: Princeton University Press.
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