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Massachusetts Institute of Technology

Psychology and Economics, Spring 2020

Massachusetts Institute of Technology via YouTube

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Overview

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This course examines how psychological factors shape economic preferences and behavior, covering time and risk preferences, social preferences, attention, beliefs, biases, identity, poverty, happiness, mental health, and behavioral policy.

Syllabus

Lecture 1: Introduction and Overview I.
Lecture 2: Introduction and Overview II.
Lecture 3: Time Preferences (Theory) I.
Lecture 4: Time Preferences (Theory) II.
Lecture 5: Time Preferences (Applications) I.
Lecture 6: Time Preferences (Applications) II.
Lecture 7: Risk Preferences I.
Lecture 8: Risk Preferences II.
Lecture 9: Reference-Dependent Preferences.
Lecture 10: Social Preferences I.
Lecture 11: Social Preferences II.
Lecture 12: Social Preferences III.
Lecture 13: Social Preferences IV.
Mid-Term Review.
Lecture 14: Limited Attention.
Lecture 15: Utility from Beliefs; Learning I.
Lecture 16: Utility from Beliefs; Learning II.
Lecture 17: State-Dependent Preferences, Projection, and Attribution Bias.
Lecture 18: Gender, Discrimination, and Identity.
Lecture 19: Defaults, Nudges, and Frames.
Lecture 20: Malleability and Inaccessibility of Preferences.
Lecture 21: Poverty through the Lens of Psychology.
Lecture 22: Happiness and Mental Health.
Lecture 23: Policy with Behaviorial Agents.

Taught by

MIT open courseware

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Reviews

4.0 rating, based on 1 Class Central review

Start your review of Psychology and Economics, Spring 2020

  • Mohau Retshepile Mabula
    1
    I recently took the Psychology and Economics course from Spring 2020 offered by MIT on YouTube. Overall, I found the course to be very insightful and engaging. The lectures were well structured, and the professor explained complex concepts in a way that was easy to understand. However, sometimes the pace was a bit too fast, and I had to pause and rewind the videos to fully grasp the material. The course materials were also very helpful, but I wish there were more interactive elements like quizzes or discussions to reinforce the learning. Despite these minor issues, I would highly recommend this course to anyone interested in the intersection of psychology and economics. It provides a solid foundation and a lot of food for thought.
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