ECON 620 - Advanced Theory II
Section: 001
Term: WN 2018
Subject: Economics (ECON)
Department: LSA Economics
Advisory Prerequisites:
ECON 600, Permission of instructor.
May be repeated for credit.
Primary Instructor:

Focuses mostly on axiomatic theories of decision making under risk and uncertainty. We first study classical theories of decision making under risk and uncertainty: von Neumann and Morgenstern, Anscombe and Aumann, and Savage. After this we study a selection of topics that are closer to the research frontier. These topics may include: (i) Ellsberg Paradox, ambiguity aversion, Schmeidler and Gilboa and Schmeidler representations, and applications of these representations; (ii) probabilistic sophistication and non-expected utility models; (iii) Dynamics, Bayesian updating, dynamic consistency, recursive expected utility; (iv) Unforseen contingencies, and applications.

ECON 620 - Advanced Theory II
Schedule Listing
001 (LEC)
7Doc Level
TuTh 11:30AM - 1:00PM
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