Learning Outcomes

In this free course, you will learn how to:

• Explain key concepts in behavioral economics
• Distinguish between traditional and behavioral economics theories
• Discuss the importance of behavioral economics in today's world
• Explain the foundation of bounded rationality in behavioral economics
• Identify the key concepts of loss aversion and prospect theory
• Describe the impact of social preferences and norms on economic behavior
• Outline the challenges to traditional economic theories
• Recognize key insights on heuristics and biases
• Distinguish between the anchoring effect and the endowment effect
• Recall the application of heuristics and biases for effective intervention
• Explain the role and impact of emotions in decision-making
• Discuss the integration of emotions in economic decision-making