Neuroeconomics is the study of human behavior, decision making in particular, by adopting the value-based approach in economics and through the use the neuroscientific methodologies. Behavioral economics is a confluence of economics, psychology and neuroscience. The course will start with some normative theory from economics. Yet decision makers do not behave “rationally” as required by the classical economic theory. These psychological insights will be discussed based on the theoretical frameworks in behavioral economics such as behavioral decision theory and behavioral game theory. We will then survey the neuroscientific studies motivated by these theories.
