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Zachary J. Grossman

Assistant Professor

Department of Economics

University of California, Santa Barbara

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Econ 277A - Psychology & Economics
Winter 2011

Time & Place: TR 11am - 12:15pm, NH 2212

Office Hours: R, 2-3, 3049 North Hall

Syllabus


Announcements:

PS2 is posted. (2/7)

This week's slides are up (Tues, Thurs). (1/19)

Charlie Sprenger (UCSD) will be visiting tomorrow and in my office for some of the morning. Please email me if you would like a chance to talk. Everyone in the class is strongly encouraged to attend his seminar at 3:30 in NH 2111, as well as that of Jawwad Noor on Friday. (1/11)

I will be available tomorrow morning from 11:00 - 11:30 in my office. Also, I'll have regular OH (2-3) on Thursday. (1/11)

On Thursday we'll continue looking at the Koszegi-Rabin Model of reference-dependent preference. Please read the first two KR papers on the syllabus very carefully. Here is a list of suggested papers suitable for presentations or problem set questions. There are also a few suggestions regarding papers on which to write referee reports. I'm interested in having someone present one of the reference-dependence papers on the suggestion list in class next Tuesday (1/18). Contact me if you are interested. (1/11)

Slides posted for today. (1/11)

Slides posted for tomorrow. (1/5)

Please read the introductory articles/CVF chapters listed on the syllabus and also Kahneman and Tversky's Prospect Theory article for Thursday. (1/4)

If you are not registered for the course but would like to register, please email me. Also, if you are just auditing, please email me so I can add you to the mailing list. (1/4)

If you find yourself here before the first class tomorrow, please read the syllabus before class. If you have enough time, you may also start reading the Rabin JEL article on the reading list. (1/3)


Slides:

Course Introduction/Overview (1/4)

Introduction to Prospect Theory (1/6)

Modeling Reference-Dependent Preferences I (1/11)

Koszegi-Rabin Reference-Dependence Model (1/13)

Mental Accounting and Choice Bracketing (1/18)

Present-Biased Preferences (1/20)


Problem Sets :

PS1 (due 1/27 or 1/13. Solutions handed out in class 1/27)