Mark Dean
Current Courses

Behavioral Economics (Undergraduate)

Within economics, the standard model of behavior is that of 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 enquiry. The aim of this course is provide a grounding in the main areas of study within behavioral economics, including temptation and self control, fairness and reciprocity, reference dependence, bounded rationality and choice under risk and 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