B1798 - BEHAVIOURAL ECONOMICS

Anno Accademico 2025/2026

  • Docente: Diego Lanzi
  • Crediti formativi: 6
  • SSD: SECS-P/01
  • Lingua di insegnamento: Inglese
  • Modalità didattica: Lezioni in presenza (totalmente o parzialmente)
  • Campus: Rimini
  • Corso: Laurea Magistrale in Service management (cod. 6804)

Conoscenze e abilità da conseguire

At the end of the course students are able to manage analytical tools useful to understand and make decisions in conditions of imperfect and incomplete information, risk and uncertainty. Students learn how to deal with intertemporal choices, strategic interaction and the problems arising from information asymmetry and transaction costs

Contenuti

During the course, results and insights of behavioral economics are introduced at an intermediate level, with important ideas like framing effects, prospect theory, present bias, inequality aversion, and focality explained in detail. These insights are also applied in diverse settings to show you why behavioral economics is crucial to understanding the world around us. In particular, some applications for development, discrimination, and the environment close the course.

Program
1. Behavioral Economics: the intellectual backdrop (lectures 1 and 2)
2. From the old to the new behavioral economics (lectures 2 and 3)
3. Some simple heuristics for complex choices: satisfying behavior, reference points and framing effects (lecture 4)
4. Prospect Theory and preferences reversals (lecture 5)
5. Exponential and hyperbolic discounting: the problem of time inconsistency of choice (lecture 6)
6. Multiple equilibria in games and focal principles (lecture 7)
7. Social preferences (lecture 8)
8. Behavioral economics in context: Applications for development, discrimination, and the environment (lectures 9 and 10)

Testi/Bibliografia

Cartwright E. (2011), Behavioral Economics, Routledge, London (Chapters 1,2,3,4,6,7)
Wilson A. (2020) “Behavioral Economics in Context”, Global Development Centre, Boston
Loewenstein G., Angner E. (2006) “Behavioral Economics”, in Handbook of the Philosophy of Science Vol.5, Elsevier, New York


Other reading material will be provided during the classes

 

 


Metodi didattici

Lectures, teamworks


Modalità di verifica e valutazione dell'apprendimento

One written exam over the entire program, worth up to 20/30 points and consisting of one open question and a very short essay on a topic selected by the student. 



The grade is graduated as follows:
<18 failed
18-23 sufficient
24-27 good
28-30 very good
30 e lode excellent

Strumenti a supporto della didattica

 

Office hours: by appointment. 

 

Orario di ricevimento

Consulta il sito web di Diego Lanzi