Behavioural Economics, Edinburgh March 26-27 2007
This workshop will be held at Edinburgh University on March 26 - 27.
It will begin at 1pm on Monday March 26 and finish at 4pm on Tuesday March 27.
Participant Information
Readings
Presentation Notes
Feedback from Workshop 1
Speakers
- Prof Paul Heidhues (Bonn)
- Dr. Tatiana Kornienko (Stirling)
- Prof Ed Hopkins (Edinburgh)
- Prof Nick Hanley (Stirling)
Overview
Behavioural economics combines psychology and economics to investigate what happens in markets in which some of the agents display human limitations and complications. There are three important ways in which humans deviate from the standard economic model. Bounded rationality reflects the limited cognitive abilities that constrain human problem solving. Bounded willpower captures the fact that people sometimes make choices that are not in their long run interest. Bounded self-interest incorporates the comforting fact that humans are often willing to sacrifice their own interests to help others. Behavioural economics is currently hot area in economics. It has moved into the mainstream and has found many practical, empirical and policy applications. This course will cover some of the major recent advances in this field. The main lecturer is Prof. Paul Heidhues who lectures on behavioural economics at the University of Bonn, which has one of the leading doctoral programmes in economics in Europe.
Further Information
- Prof. Robert E. Wright, Executive Director, SGPE
- Ms. Kirsty Hall, Training Sequence Administrator
- www.sgpe.ac.uk