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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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Explore a comprehensive lecture series on Psychology and Economics, a sub-field that integrates psychological and social science insights into economic theory. Delve into topics such as time and risk preferences, social preferences, limited attention, utility from beliefs, state-dependent preferences, gender and identity, behavioral nudges, poverty through a psychological lens, and policy implications for behavioral agents. Learn from Professor Frank Schilbach of MIT as he guides you through 23 in-depth lectures, covering everything from introductory concepts to advanced applications. Gain a deeper understanding of how psychological factors influence economic decision-making and policy formation in this interdisciplinary course.

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.

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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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