Information Package / Course Catalogue
Experimental Economics
Course Code: ECO416
Course Type: Area Elective
Couse Group: First Cycle (Bachelor's Degree)
Education Language: Turkish
Work Placement: N/A
Theory: 3
Prt.: 0
Credit: 3
Lab: 0
ECTS: 6
Objectives of the Course

Provide information on behavioral decision models.

Course Content

Standard economic models, Pokes and experiments, Containing Risks Elections, Effects counterparts, Errors and Social Edition, Sunken Cost wrong, Public Property tragedy, Hedonic Adaptation, Poor, Trickery, Relative Consumption, Altruism and Justice, Charity and Showing Interest.

Name of Lecturer(s)
Learning Outcomes
1.Virtues and limitations of the rational actor model; Selection of behavioral science theory and evaluates the application.
2.Understand the role of behavioral economics as a discipline of science.
3.Provide evidence about human behavior that differ from the assumptions of standard economic theory.
4.Learn basic terminology and concepts related to behavioral economics.
5.Evaluate the decision-making processes in economic science from a behavioral perspective.
Recommended or Required Reading
1.Dan ARIELY, Akıldışı Ama Öngörülebilir: Kararlarımızı Biçimlendiren Gizli Kuvvetler (Çev. Asiye HEKİMOĞLU GÜL, Filiz ŞAR), Optimist, 4. Basım, 2013.
2.Richard H. THALER, Cass R. SUNSTEIN, Dürtme: Sağlık, Zenginlik ve Mutlulukla İlgili Kararları Uygulamak (Çev. Enver GÜNSEL), Pegasus, 2013.
Weekly Detailed Course Contents
Week 1 - Theoretical
Introduction: Standard Economic Model , Pokes and Experiments
Week 2 - Theoretical
Free!, Placebo Effect
Week 3 - Theoretical
Options Paradox, loss avoidance, Status Quo Bias
Week 4 - Theoretical
Diversification Delusion, Self-control, Hyperbolic Reduction
Week 5 - Theoretical
Hibernate None Effect-Comparison of cognition, Stress and Decisions
Week 6 - Theoretical
Contracting Strategies I-II
Week 7 - Theoretical
Shove Chapter 4, 5, 6
Week 8 - Theoretical
Containing Risks Elections, Counterparts Effects, Misconceptions and Social Print
Week 9 - Theoretical
Containing Risks Elections, Counterparts Effects, Misconceptions and Social Print
Week 10 - Theoretical
Relative Consumption, Altruism and Justice, Charity and Showing Interest
Week 11 - Theoretical
Poor, Trickery
Week 12 - Theoretical
Sunken Cost wrong , Public Property Tragedy, Hedonic Adaptation
Week 13 - Theoretical
Neglect of Probability , Zero Risk Delusion , Rarity Delusion
Week 14 - Theoretical
Exponential Growth , The Winner's Curse , Overall Rating, General Assessment
Assessment Methods and Criteria
Type of AssessmentCountPercent
Midterm Examination1%40
Final Examination1%60
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory140342
Reading140228
Individual Work140342
Midterm Examination115116
Final Examination121122
TOTAL WORKLOAD (hours)150
Contribution of Learning Outcomes to Programme Outcomes
PÇ-1
PÇ-2
PÇ-3
PÇ-4
PÇ-5
PÇ-6
PÇ-7
PÇ-8
PÇ-9
PÇ-10
PÇ-11
PÇ-12
PÇ-13
PÇ-14
PÇ-15
OÇ-1
3
3
4
3
4
2
3
OÇ-2
4
3
4
3
3
2
3
OÇ-3
3
3
4
3
4
2
3
OÇ-4
OÇ-5
Adnan Menderes University - Information Package / Course Catalogue
2026