ECON 620 - Advanced Theory II
Section: 001
Term: WN 2018
Subject: Economics (ECON)
Department: LSA Economics
Credits:
1.5
Advisory Prerequisites:
ECON 600, Permission of instructor.
Repeatability:
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)
P
24345
Open
7
7Doc Level
-
TuTh 11:30AM - 1:00PM
NOTE: Data maintained by department in Wolverine Access. If no textbooks are listed below, check with the department.


Syllabi are available to current LSA students. IMPORTANT: These syllabi are provided to give students a general idea about the courses, as offered by LSA departments and programs in prior academic terms. The syllabi do not necessarily reflect the assignments, sequence of course materials, and/or course expectations that the faculty and departments/programs have for these same courses in the current and/or future terms.

Click the button below to view historical syllabi for ECON 620 (UM login required)

View Historical Syllabi
The CourseProfile (ART) system, supported by the U-M Provost’s 3rd Century Initiative through a grant to the Digital Innovation Greenhouse, provides additional information about: course enrollments; academic terms and instructors; student academic profiles (school/college, majors), and previous, concurrent, and subsequent course enrollments.

CourseProfile (ART)