03.175.11233 Emotional Realities and Economic Modeling:Some First Principles

Veranstaltungsdetails

Lehrende/r: Prof. Dr. Klaus Wälde

Veranstaltungsart: Vorlesung

Anzeige im Stundenplan: 03.175.11233

Semesterwochenstunden: 1

Credits: 3,0

Unterrichtssprache: Deutsch

Min. | Max. Teilnehmerzahl: - | -

Voraussetzungen / Organisatorisches:
Mini-Course June 28-29 2010
Dozent Andrew Caplin, New York City

Inhalt:
I will be giving four lectures and presenting one seminar over the two days on the
broad theme above. The lectures have a large personal component, in that I will speak
about the work in the area with which I am most familiar and that most closely matches
my interests. For better or worse, this is work in which I have been directly involved, as
the reading list indicates. Mark Dean and John Leahy are long-time collaborators in this
research. Other current or past NYU colleagues who are working in this broad area are
Marina Agranov, Sen Geng, Paul Glimcher, Daniel Martin, Robb Rutledge, and Chloe
Tergiman.
The focus in the lectures will be at least as much methodological as substantive.
The first lecture presents a direct approach to modeling emotions. The second pinpoints a
methodological challenge and suggests a different approach to modeling. The seminar
itself provides a first example of this approach in practice, while lecture 3 presents a
second such example. Lecture 4 returns to the theme of emotional economics by posing
three as-yet unanswered question. First, will it prove fruitful to capture important
emotional phenomena using the preferred methodology, in which theory and data are
jointly determined and therefore co-evolve? If the answer to the first question is in the
affirmative, the natural follow-up question concerns the context in which such efforts will
be most likely to bear fruit. Finally, even if such an area can be identified, the question of
when the first such projects will be designed and completed remains to be answered.

Empfohlene Literatur:
Lecture 1: Anxiety and Choice
o “Fear as a Policy Instrument”, in Time and Decision, edited by R. Baumeister, G.
Loewenstein and D. Read, Russell Sage, New York, 2003.
o “Psychological Expected Utility Theory and Anticipatory Feelings,” (with John
Leahy), Quarterly Journal of Economics, 2001, 55-80.
?? Lecture 2: Economic Theory and Psychological Data: Bridging the Divide
o “Economic Theory and Psychological Data: Bridging the Divide”, in A. Caplin
and A. Schotter, eds., Foundations of Positive and Normative Economics,
Methodologies of Modern Economics, Volume 1, Oxford University Press,
2008.
o “The Supply of Information by a Concerned Expert,” (with John Leahy),
Economic Journal, 487-505, 2004.
?? Seminar: Search, Choice, and Revealed Preference
o “Search, Choice, and Revealed Preference,” with Mark Dean, forthcoming
Theoretical Economics, 2010.
o “Search and Satisficing,” with Mark Dean and Daniel Martin, mimeo., 2010.
?? Lecture 3: Dopamine and Reward Prediction Error
o “Measuring Beliefs and Rewards: A Neuroeconomic Approach”, with Mark
Dean, Paul Glimcher, and Robb Rutledge, forthcoming Quarterly Journal of
Economics.
o “Dopamine, Reward Prediction Error, and Economics”, with Mark Dean,
Quarterly Journal of Economics, Vol. 123, No. 2, Pages 663-701, 2008.
?? Lecture 4: Emotional Economics: Can Theory and Measurement Co-Evolve?

Zusätzliche Informationen:
Besuchen Sie diese Internetseite http://www.macro.economics.uni-mainz.de/334.php

Termine
Datum Von Bis Raum Lehrende/r
1 Mo, 28. Jun. 2010 09:00 17:30 Dekanatssaal 03-150 Prof. Dr. Klaus Wälde
2 Di, 29. Jun. 2010 09:00 15:30 Dekanatssaal 03-150 Prof. Dr. Klaus Wälde
Veranstaltungseigene Prüfungen
Beschreibung Datum Lehrende/r Pflicht
1. Klausur k.Terminbuchung Nein
Übersicht der Kurstermine
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Lehrende/r
Prof. Dr. Klaus Wälde