F206 Summer 2018 Behavioral Economics, or “Nudge”
Thursday, 9:40–11:05, July 26
Instructor: Daniel Houser
Coordinator: Brenda Bloch-Young
The 2017 Nobel Prize in Economics was awarded to Richard Thaler for his work in behavioral economics. Until recently, the starting assumption for any economic theory was that humans are rational beings who maximize their utility. Over the last few decades, behavioral economists like Thaler have chipped away at this notion. They combine economics with insights from psychology to show how decisions are often made based on cognitive biases.
Daniel Houser is director, professor, and chair of economics in the Interdisciplinary Center for Economic Science at George Mason University. After earning his undergraduate degrees in mathematics and mathematical economics from the University of Wisconsin at Madison, Houser received his PhD in economics (Bayesian econometrics) from the University of Minnesota. He serves or has served on the board of directors of the Economic Science Association and the Society for Neuroeconomics. He is co-editor-in-chief of the Journal of Neuroscience, Psychology and Economics. Houser also serves on the editorial boards of many other leading academic outlets, including Management Science and the Journal of Behavioral and Experimental Economics.