Behavioral Economics in Context: Applications for Development, Inequality & Discrimination, Finance, and Environment
By Anastasia C. Wilson
This module critically examines the assumptions of rationality in the neoclassical model and presents an in-depth discussion of behavioral economics and its applications to fields, such as economic development, social and economic inequality, financial instability, and climate change and environmental sustainability. A basic toolkit of concepts, insights and methods from behavioral and experimental economics are presented. The module explores how behavioral insights can be used to design policy solutions that account for economic, social and psychological aspects of everyday life.