Entry requirements
Only open to Master’s students Psychology.
Description
Economic behaviour is essentially social behaviour. Behaviours like gambling, saving, bargaining, consumption all refer to social contexts. As a consequence, social psychology has much to offer to economics. In this course we will focus on what social psychology can contribute to the understanding of such economic behaviours. We will seek answers to questions like:
How does personality come into play?
How rational is economic behaviour?
What about emotions?
Are we only motivated by self-interest?
How do we deal with uncertainty?
In the search for answers we will concentrate on how the assumptions of economic theory compare to the most recent insights in social psychology. For this purpose we will read and discuss up-to-date articles in economic and psychological journal articles and book chapters as well as classic studies that had a major impact on the development of psychological and economic theory. Students will prepare the meetings by reading the literature, and actively participate in the discussions. The course will end with a final exam.
Course objectives
At the end of the course, the student can...
understand how psychological theories can be used to understand economic behavior;
understand how economic insights insights can enrich psychological theories;
understand how behavioral insights can be used to influence economic behaviours;
understand differences in methodological approaches in economics and psychology.
Timetable
For the timetable of this course please refer to MyTimetable
Registration
Education
Students must register themselves for all course components (lectures, tutorials and practicals) they wish to follow. You can register up to 5 days prior to the start of the course.
Exams
You must register for each exam in My Studymap at least 10 days before the exam date. You cannot take an exam without a valid registration in My Studymap. Carefully read all information about the procedures and deadlines for registering for courses and exams.
Exchange students and external guest students will be informed by the education administration about the current registration procedure.
Mode of instruction
7 2-hour seminars/lectures and final 3-hour exam.
Assessment method
Written final exam.
The Institute of Psychology follows the policy of the Faculty of Social and Behavioural Sciences to systematically check student papers for plagiarism with the help of software. All students are required to take and pass the Scientific Integrity Test with a score of 100% in order to learn about the practice of integrity in scientific writing. Students are given access to the quiz via a module on Brightspace. Disciplinary measures will be taken when fraud is detected. Students are expected to be familiar with and understand the implications of this fraud policy.
Reading list
Readings available via Brightspace. Exemplary literature includes:
Iyengar, S, & Lepper, M. (2000). When choice is demotivating: Can one desire too much of a good thing? Journal of Personality and Social Psychology, 79(6), 995-1006.
Kahneman, D, & Tversky, A. (1984). Choices, values, and frames. American Psychologist, 39(4), 341-350.
Bastardi, A, & Shafir, E. (1998). On the pursuit and misuse of useless information. Journal of Personality and Social Psychology, 75(1), 19-32.
Gilbert, D, Morewedge, C, Risen, J, et al. (2004). Looking forward to looking backward – The misprediction of regret. Psychological science, 15(5), 346-350.
Wang, L., Zhong, C., &Murnighan, J. K. (2014). The social and ethical consequences of a calculative mindset. Organizational Behavior and Human Decision processes, 125, 39-49.
Shaffer, V, & Arkes, H. (2009). Preference reversals in evaluations of cash versus non-cash incentives. Journal of Economic Psychology, 30(6), 859-872.
Contact information
Prof.dr. Eric van Dijk dijk@fsw.leidenuniv.nl