Behavioral Economics: Week 6
Topic: Lottery Choice Lab, The Endowment Effect in Greater Detail and Framing
Week 6 Required Readings and Videos:
TUESDAY: Lottery Choice Lab. Bring some kind of a computing device to class on Tuesday.
Lab Experiments: Simple Lottery Choice, Read AFTER Tuesday: Holt Chapter 4
Lottery Choice Anomalies, Read AFTER Thursday: Holt Chapter 7
THURSDAY: The Endowment Effect in Greater Detail
Readings: The Endowment Effects and Chimps
The Endowment Effects in Capuchin Monkeys
The Endowment Effect in Children
Powerpoint: Endowment Effect and The Endowment Effect the Wild
Endowment Effect in the Wild, Continued
Results of Class Experiment: Endowment Effect
Videos & Blogs: Age and Framing, Attitudes toward risk and the housing market (4 minutes)
More Readings Just for your pleasure:
Are children more risk averse?