Individuals face limitations in their ability to process all relevant information and they are very sensitive to the way this information is framed. A growing literature on attention and perception in economics, psychology, and neuroscience has documented these "bounds" and "biases" and has begun to incorporate them into alternative models of decision-making and strategic interaction. This course reviews the evidence (from the lab and field) on individual departures from the standard economic paradigm, analyzes these phenomena with rigorous formal models, and discusses how these biases impact markets and allocations.
2
UnitsLetter
Grading1, 2, 3
PasstimeGraduate students only
Level LimitLetters and science
CollegeAmazing class and amazing professor. He loves what he's talking about and the material gets more and more interesting as the class goes on. Not always the easiest, but open-note exams even it out I'd say.
He has an incredible amount of energy in lectures. Tests are easy if you study the practice problems (solve them over and over and over). Interesting material as well! My only critique is that there are too many papers throwing at us in each class - it's easy to lose focus. A little bit more of econometrics + bayesian stats component would be nice
I don't usually attend many classes, but I made sure to wake up at 9AM every MW for Prof. Martin. His energy is unmatched at UCSB, and he turns lectures into engaging conversations. Tests are medium-hard, but if you do all his practice problems, you'll definitely succeed. best prof I've ever had overall!