Economic Models of Decision-Making

ECON-4320

An exploration of models of decision-making under alternative assumptions, expanding on "rational" models of introductory economics. The course will discuss the assumptions of these standard models and their shortcomings. The shortcomings will be addressed through the exploration of limited attention and considerations of fairness, uncertainty, and strategic interaction. Applications in areas such as consumer and household finance, marketing, and public policy will be emphasized throughout.

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