Video and Audio Lectures in Experimental Economics
Materials from a course in behavioural economics taught in 2020. "This course covers recent advances in behavioral economics by reviewing some of the assumptions made in mainstream economic models, and by discussing how human behavior systematically departs from these assumptions. Applications will cover a wide range of fields, including labor and public economics, industrial organization, health economics, finance, and development economics." Includes problem sets and exams with solutions, lecture videos, lecture slides, and detailed reading list.
Audio from a public lecture by Prof. Dolan from 8 February 2011. He considers the evidence for the idea that people make decisions that go against their own well-being, and also explores policy implications. It lasts 72 minutes and can be listened to online or downloaded as an MP3.
Dan Ariely, author of Predictably Irrational speaks about his work in this 16 minute video from February 2009. He introduces the idea of experimental testing of economic hypotheses, applying it to experienced utility and to cheating behaviour. He contrasts the experimental results on cheating with what is predicted by rational choice analysis and draws implications for ethics in the financial sphere. The video can be watched online, with transcripts in multiple languages, or downloaded in various formats.
Behavioural economist and co-author of Nudge, Richard Thaler gives an hour long lecture on themes from the book including choice architecture and libertarian paternalism. This event took place on May 29, 2008, as a part of the Authors@Google series and is presented as a YouTube video.
Why do smart people make irrational decisions every day? Why do we repeatedly make the same mistakes when we make our selections? How do our expectations influence our actual opinions and decisions? Dan Ariely of MIT applies behavioural economics to these questions in this 75 minute podcast. This event was recorded on 17 March 2008 at the London School of Economics. It can be listened to online or downloaded as an mp3.
Maps of bounded rationality : a perspective on intuitive judgement and choice is Daniel Kahneman's 2002 Nobel Prize lecture, reviewing psychological and behavioural perspectives on economic choice following from his pioneering work with Amos Tversky. Includes a summary of their 'prospect theory', an alternative to rational choice theory that is consistent with their empirically discovered judgement biases, and a review of evidence for the main heuristics and their associated biases. Available as text or as a video of the lecture.