Do people make decisions more like Spock or more like Homer? Starting from a foundation of neoclassical microeconomic theory (Spock), students will be introduced to behavioral economic theories (Homer) of decisions over time and under uncertainty. The class will test the classical and behavioral theories with in-class laboratory games, and culminate with a group-designed experiment tested on either CC students or local community participants. The course builds on the foundation of EC301, and is a Mathematical Economics major elective

Do people make decisions more like Spock or more like Homer? Starting from a foundation of neoclassical microeconomic theory (Spock), students will be introduced to behavioral economic theories (Homer) of decisions that affect others, and will include discussions of altruism, fairness, reciprocity, spite, social networks, and social norms. The class will test the classical and behavioral theories with in-class laboratory games, and culminate with a group-designed experiment tested on either CC students or other adults. The course builds on the foundation of EC301, counts in the Microeconomics track of the Economics major, and is a Mathematical Economics major economics elective.