Prof. Megha Patnaik

Argomenti del programma: MODULE 1 - FOUNDATIONS: Standard rationality and anomalies. Bounded rationality. Dual process theory. Experimental methodology. MODULE 2 - RISK, UNCERTAINTY AND JUDGMENT: Expected Utility Theory and Allais paradox. Prospect Theory and CPT. Heuristics and biases. Overconfidence. Ambiguity aversion. Present bias. MODULE 3 - BEHAVIORAL ORGANIZATIONAL ECONOMICS: Social preferences (Fehr-Schmidt). Reciprocity.

Argomenti del programma: First Principles. Economic Models: Trade-offs and Trade. Supply and Demand. Consumer and Producer Surplus. Price Controls and Quotas. Elasticity. Taxes. Decision Making by Individuals and Firms. The Rational Consumer. Behind the Supply Curve: Inputs and Costs. Perfect Competition and the Supply Curve. Monopoly. Externalities. Public Goods and Common Resources. Uncertainty, and Risk.