Behavioral Economics

Weekly Meetings

Fridays
7:00pm – 8:00pm

Rudra Ramchandran

Rudra Ramchandran

Cohort Leader

Amy Bi

Amy Bi

Cohort Leader

This year we’re looking at applying behavioral economics to drive consumer behavior which we will be achieving by designing and executing a natural field experiment. This quarter will focus on familiarizing you with the concepts of behavioral economics and key research and data analytics methods used to test it.

Week 1-3: Key concepts in behavioral economics (biases, heuristics, prospect theory, nudges, etc.)

Week 4-6: Methods. Primarily Natural Field experiments and Data Analytics with behavioral data -> We will be building further on Data Analytics skills in the Winter Quarter in Tandem with Oeconomica’s R/Python Sessions.

Week 7: Synthesis, Literature Review and Next Steps (which concepts to focus on in our study)

Winter: Experimental Design Finalization and Execution/ Data Analytics with R

Fall: Writing-up the research paper and analyzing the findings from the experiments with R and hypothesis testing.