Mark Dean
Current Courses

GR6943: Behavioral Economics (Graduate)

The standard model of economic behavior describes a perfectly rational, self interested utility maximizer with unlimited cognitive resources. In many cases, this provides a good approximation to the types of behavior that economists are interested in. However, over the past 30 years, experimental and behavioral economists have documented ways in which the standard model is not just wrong, but is wrong in ways that are important for economic outcomes. Understanding these behaviors, and their implications, is one of the most exciting areas of current economic inquiry. This course will study three important topics within behavioral economics: Bounded rationality, temptation and self control and reference dependent preferences. It will draw on research from behavioral economics, experimental economics, decision theory, psychology and neuroscience in order to describe the models that have been developed to explain failures of the standard approach, the evidence in support of these models, and their economic implications. Link to course

GR6211: Microeconomic Analysis I Part I – Choice Theory (PhD)

The choice theory portion of the class will focus on the fundamental models of behavior which underlie most economic analysis. The majority of the course will focus on consumer behavior. We will begin by studying the relationship between utility maximization, preference maximization and choice, before moving on to study the properties of demand functions, which relate parameters of the consumer’s problem to their choices. We will then digress briefly to discuss producer theory and provide analogous results in this domain. We will conclude the study of choice behavior with a look at choice under uncertainty. Link to course
Department of Economics

Columbia University, Rm 1031, International Affairs Bld, 420 W. 118th St., New York, NY, 10027, USA

+1 212 854 3669