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ECON-4270: Behavioral Economics
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<meta property="og:description" content="Integrates theory from psychology, neuroscience, and other social sciences into traditional economic models of human behavior. By relaxing the standard assumptions of perfect rationality and selfishness, more realistic modeling features such as loss aversion, present-bias, social norms, and habit formation improve economic analyses. These techniques are used to analyze individuals health behaviors, health insurance markets, and healthcare policy.">
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<h1 id="name">
Behavioral Economics
</h1>
<h2 id="code">
ECON-4270
</h2>
<p>
Integrates theory from psychology, neuroscience, and other social sciences into traditional economic models of human behavior. By relaxing the standard assumptions of perfect rationality and selfishness, more realistic modeling features such as loss aversion, present-bias, social norms, and habit formation improve economic analyses. These techniques are used to analyze individuals health behaviors, health insurance markets, and healthcare policy.
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<span id="credits-pill" class="attr-pill">
4 credits
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<span class="attr-pill">
Communication Intensive
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Cross-listed with:
</div>
<div id=crosslist-classes" class="rel-info-courses">
<a class="course-pill" href="ECON-4270">ECON-4270 Behavioral Economics</a>
<a class="course-pill" href="ECON-6270">ECON-6270 Behavioral Economics</a>
</div>
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Prereqs:
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<div class="pr-or-con">
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one of:
</div>
<div class="pr-or">
<a class="course-pill" href="ECON-1200">ECON-1200 Introductory Economics</a>
<a class="course-pill" href="INQR-1200">INQR-1200 Principles Of Economics</a>
<a class="course-pill" href="INQR-1200">INQR-1200 Principles Of Economics</a>
</div>
</div>
<div class="pr-and">and</div>
<div class="pr-or-con">
<div class="pr-or-title">
one of:
</div>
<div class="pr-or">
<a class="course-pill" href="MATH-1010">MATH-1010 Calculus I</a>
<a class="course-pill" href="MATH-1500">MATH-1500 Calculus I For Arch,mgmt,hass</a>
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<table id="years-table">
<thead>
<tr>
<th></th>
<th class="spring season-label">Spring</th>
<th class="summer season-label" colspan="2">Summer</th>
<th class="fall season-label">Fall</th>
</tr>
<tr>
<th colspan="2"></th>
<th class="summer2 midsum-label">(Session 1)</th>
<th class="summer3 midsum-label">(Session 2)</th>
<th></th>
</tr>
</thead>
<tbody>
<tr>
<th class="year">2024</th>
<td class="term spring offered">
<div class="view-container detail-view-container">
<span class="term-course-info">
<a href="https://sis.rpi.edu/rss/bwckctlg.p_disp_listcrse?term_in=202401&subj_in=ECON&crse_in=4270&schd_in=">Behavioral Economics (4c)</a> [CI]
</span>
<ul class="prof-list">
<li>Ian S. Chadd</li>
</ul>
<span class="course-capacity">
Seats Taken: 16/19
</span>
</div>
</td>
<td colspan="2" class="term summer not-offered">
</td>
<td class="term fall offered">
<div class="view-container detail-view-container">
<span class="term-course-info">
<a href="https://sis.rpi.edu/rss/bwckctlg.p_disp_listcrse?term_in=202409&subj_in=ECON&crse_in=4270&schd_in=">Behavioral Economics (4c)</a> [CI]
</span>
<ul class="prof-list">
<li>Ian S. Chadd</li>
</ul>
<span class="course-capacity">
Seats Taken: 0/19
</span>
</div>
</td>
</tr>
<tr>
<th class="year">2023</th>
<td class="term spring offered">
<div class="view-container detail-view-container">
<span class="term-course-info">
<a href="https://sis.rpi.edu/rss/bwckctlg.p_disp_listcrse?term_in=202301&subj_in=ECON&crse_in=4270&schd_in=">Behavioral Economics (4c)</a> [CI]
</span>
<ul class="prof-list">
<li>Ian S. Chadd</li>
</ul>
<span class="course-capacity">
Seats Taken: 21/19
</span>
</div>
</td>
<td colspan="2" class="term summer not-offered">
</td>
<td class="term fall offered">
<div class="view-container detail-view-container">
<span class="term-course-info">
<a href="https://sis.rpi.edu/rss/bwckctlg.p_disp_listcrse?term_in=202309&subj_in=ECON&crse_in=4270&schd_in=">Behavioral Economics (4c)</a> [CI]
</span>
<ul class="prof-list">
<li>Ian S. Chadd</li>
</ul>
<span class="course-capacity">
Seats Taken: 19/19
</span>
</div>
</td>
</tr>
<tr>
<th class="year">2022</th>
<td class="term spring offered">
<div class="view-container detail-view-container">
<span class="term-course-info">
<a href="https://sis.rpi.edu/rss/bwckctlg.p_disp_listcrse?term_in=202201&subj_in=ECON&crse_in=4270&schd_in=">Behavioral Economics (4c)</a> [CI]
</span>
<ul class="prof-list">
<li>Ian S. Chadd</li>
</ul>
<span class="course-capacity">
Seats Taken: 19/19
</span>
</div>
</td>
<td colspan="2" class="term summer not-offered">
</td>
<td class="term fall offered">
<div class="view-container detail-view-container">
<span class="term-course-info">
<a href="https://sis.rpi.edu/rss/bwckctlg.p_disp_listcrse?term_in=202209&subj_in=ECON&crse_in=4270&schd_in=">Behavioral Economics (4c)</a> [CI]
</span>
<ul class="prof-list">
<li>Ian S. Chadd</li>
</ul>
<span class="course-capacity">
Seats Taken: 15/19
</span>
</div>
</td>
</tr>
<tr>
<th class="year">2021</th>
<td class="term spring offered">
<div class="view-container detail-view-container">
<span class="term-course-info">
<a href="https://sis.rpi.edu/rss/bwckctlg.p_disp_listcrse?term_in=202101&subj_in=ECON&crse_in=4270&schd_in=">Behavioral Economics (4c)</a> [CI]
</span>
<ul class="prof-list">
<li>Ian S. Chadd</li>
</ul>
<span class="course-capacity">
Seats Taken: 20/19
</span>
</div>
</td>
<td colspan="2" class="term summer not-offered">
</td>
<td class="term fall offered">
<div class="view-container detail-view-container">
<span class="term-course-info">
<a href="https://sis.rpi.edu/rss/bwckctlg.p_disp_listcrse?term_in=202109&subj_in=ECON&crse_in=4270&schd_in=">Behavioral Economics (4c)</a> [CI]
</span>
<ul class="prof-list">
<li>Ian S. Chadd</li>
</ul>
<span class="course-capacity">
Seats Taken: 20/19
</span>
</div>
</td>
</tr>
<tr>
<th class="year">2020</th>
<td class="term spring offered">
<div class="view-container detail-view-container">
<span class="term-course-info">
<a href="https://sis.rpi.edu/rss/bwckctlg.p_disp_listcrse?term_in=202001&subj_in=ECON&crse_in=4270&schd_in=">Behavioral Economics (4c)</a> [CI]
</span>
<ul class="prof-list">
<li>Ian S. Chadd</li>
</ul>
<span class="course-capacity">
Seats Taken: 17/19
</span>
</div>
</td>
<td colspan="2" class="term summer not-offered">
</td>
<td class="term fall offered">
<div class="view-container detail-view-container">
<span class="term-course-info">
<a href="https://sis.rpi.edu/rss/bwckctlg.p_disp_listcrse?term_in=202009&subj_in=ECON&crse_in=4270&schd_in=">Behavioral Economics (4c)</a> [CI]
</span>
<ul class="prof-list">
<li>Ian S. Chadd</li>
</ul>
<span class="course-capacity">
Seats Taken: 23/25
</span>
</div>
</td>
</tr>
<tr>
<th class="year">2019</th>
<td class="term spring not-offered">
</td>
<td colspan="2" class="term summer not-offered">
</td>
<td class="term fall offered">
<div class="view-container detail-view-container">
<span class="term-course-info">
<a href="https://sis.rpi.edu/rss/bwckctlg.p_disp_listcrse?term_in=201909&subj_in=ECON&crse_in=4270&schd_in=">Behavioral Economics (4c)</a> [CI]
</span>
<ul class="prof-list">
<li>Ian S. Chadd</li>
</ul>
<span class="course-capacity">
Seats Taken: 23/25
</span>
</div>
</td>
</tr>
<tr>
<th class="year">2018</th>
<td class="term spring not-offered">
</td>
<td colspan="2" class="term summer not-offered">
</td>
<td class="term fall not-offered">
</td>
</tr>
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<th class="year">2017</th>
<td class="term spring not-offered">
</td>
<td colspan="2" class="term summer not-offered">
</td>
<td class="term fall not-offered">
</td>
</tr>
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<th class="year">2016</th>
<td class="term spring not-offered">
</td>
<td colspan="2" class="term summer not-offered">
</td>
<td class="term fall not-offered">
</td>
</tr>
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<th class="year">2015</th>
<td class="term spring not-offered">
</td>
<td colspan="2" class="term summer not-offered">
</td>
<td class="term fall not-offered">
</td>
</tr>
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<th class="year">2014</th>
<td class="term spring not-offered">
</td>
<td colspan="2" class="term summer not-offered">
</td>
<td class="term fall not-offered">
</td>
</tr>
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<th class="year">2013</th>
<td class="term spring not-offered">
</td>
<td colspan="2" class="term summer not-offered">
</td>
<td class="term fall not-offered">
</td>
</tr>
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<th class="year">2012</th>
<td class="term spring not-offered">
</td>
<td colspan="2" class="term summer not-offered">
</td>
<td class="term fall not-offered">
</td>
</tr>
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<th class="year">2011</th>
<td class="term spring not-offered">
</td>
<td colspan="2" class="term summer not-offered">
</td>
<td class="term fall not-offered">
</td>
</tr>
<tr>
<th class="year">2010</th>
<td class="term spring not-offered">
</td>
<td colspan="2" class="term summer not-offered">
</td>
<td class="term fall not-offered">
</td>
</tr>
<tr>
<th class="year">2009</th>
<td class="term spring not-offered">
</td>
<td colspan="2" class="term summer not-offered">
</td>
<td class="term fall not-offered">
</td>
</tr>
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<th class="year">2008</th>
<td class="term spring not-offered">
</td>
<td colspan="2" class="term summer not-offered">
</td>
<td class="term fall not-offered">
</td>
</tr>
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<th class="year">2007</th>
<td class="term spring not-offered">
</td>
<td colspan="2" class="term summer not-offered">
</td>
<td class="term fall not-offered">
</td>
</tr>
<tr>
<th class="year">2006</th>
<td class="term spring not-offered">
</td>
<td colspan="2" class="term summer not-offered">
</td>
<td class="term fall not-offered">
</td>
</tr>
<tr>
<th class="year">2005</th>
<td class="term spring not-offered">
</td>
<td colspan="2" class="term summer not-offered">
</td>
<td class="term fall not-offered">
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</tr>
<tr>
<th class="year">2004</th>
<td class="term spring not-offered">
</td>
<td colspan="2" class="term summer not-offered">
</td>
<td class="term fall not-offered">
</td>
</tr>
<tr>
<th class="year">2003</th>
<td class="term spring not-offered">
</td>
<td colspan="2" class="term summer not-offered">
</td>
<td class="term fall not-offered">
</td>
</tr>
<tr>
<th class="year">2002</th>
<td class="term spring not-offered">
</td>
<td colspan="2" class="term summer not-offered">
</td>
<td class="term fall not-offered">
</td>
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<th class="year">2001</th>
<td class="term spring not-offered">
</td>
<td colspan="2" class="term summer not-offered">
</td>
<td class="term fall not-offered">
</td>
</tr>
<tr>
<th class="year">2000</th>
<td class="term spring not-offered">
</td>
<td colspan="2" class="term summer not-offered">
</td>
<td class="term fall not-offered">
</td>
</tr>
<tr>
<th class="year">1999</th>
<td class="term spring not-offered">
</td>
<td colspan="2" class="term summer not-offered">
</td>
<td class="term fall not-offered">
</td>
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<tr>
<th class="year">1998</th>
<td class="term spring unscheduled">
</td>
<td colspan="2" class="term summer not-offered">
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<td class="term fall not-offered">
</td>
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