Behavioral Economics: Week 7

Topic: The Neurological Bases of Anomalies and Lab Versus Life

Week 7 Required Readings and Videos: 

TUESDAY: Neurological and Evolutionary Evidence of Attitudes toward risk

Hsu, Ming, Meghana Bhatt, Ralph Adolphs, Daniel Tranel and Colin F. Camerer. 2005. "Neural Systems Responding to Degrees of Uncertainty in Decision-Making." Science. Vol. 310(5754).  

Sabrina M. Tom et al. "The Neural Basis of Loss Aversion in Decision-Making Under Risk"

POWERPOINT: Neurological Evidence

THURSDAY: Lab Versus Life?: Are these anomalies for real or only generated in the lab?

List: Market Experience and Market Anomalies?

Steven Levitt and John List "What do Laboratory Experiments Measuring Social Preferences Reveal about the Real World?"

Kahneman, Knetsch and Thaler's response: Experimental Tests of the Endowment Effect and the Coase Theorem

POWERPOINT: Lab versus Life