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Advances in Behavioral Economics
Provider: Faculty of Science

Activity no.: 5247-19-03-31 
Enrollment deadline: 18/12/2019
Date and time18.12.2019, at: 00:00 - 19.12.2019, at: 16:00
Regular seats30
Course fee1,000.00 kr.
LecturersToke Reinholt Fosgaard
Goytom Abraha Kahsay
Lars Gårn Hansen
ECTS credits5.00
Contact personCharlotte Bukdahl Jacobsen    E-mail address: cja@ifro.ku.dk
Enrolment Handling/Course OrganiserToke Reinholt Fosgaard    E-mail address: tf@ifro.ku.dk
Written languageEnglish
Teaching languageEnglish
Course workload
Course workload categoryHours
Course hours40.00
Preparation80.00
Report writing17.00
Sum137.00
Aim and content
Behavioral and Experimental Economics Content: Over the past couple of decades the importance of, and interest in, experimental economics has grown massively. A prominent feature of the experimental approach in economics is the possibility to establish clear causal relation by using tightly controlled experimental tasks and randomization of participants into various experimental conditions. Such possibilities often do not exist with naturally occurring data since behavior in such situations can be prone to selection bias that the researcher cannot control for. Experimental economics circumvents this. Typically, experimental economics has applied controlled laboratory experiments where participants take decision in a tightly controlled choice environment. Whereas this setting is widely accepted as the best way of establishing controlled choice environments, it lacks the natural nature of everyday decision-making. Making decisions in a laboratory is just not the same as outside the laboratory. A recent advance has been developing field experiments as a supplement to laboratory experiments. In a field experiment, decision makers take decisions in an everyday setting without knowing that they are being monitored. However, field experiments make use of randomization to establish causal relations. Whereas the core idea in field experiments is quite simple, executing them is not, and requires a lot of handcrafting. The present PhD course intends to introduce the science of field experiments to PhD students from economics or any other social science background. The idea is to establish an environment for best practice of doing field experiments with a truly hands-on approach. This aim is met by having a long array of national and international experts present their experience with setting up field experiments, and letting the participants discuss own research ideas with the experts and follow students.

Learning outcome
The present PhD course intends to introduce the science of field experiments to PhD students from economics or any other social science background. The idea is to establish an environment for best practice of doing field experiments with a truly hands-on approach. This aim is met by having a long array of national and international experts present their experience with setting up field experiments, and letting the participants discuss own research ideas with the experts and follow students. A successful completion of the course counts as 5 ECTS points. These points are calculated to cover the effort of preparing for the course (reading the course material – academic papers), attending and actively engaging in the lectures and the other course activities, and finally for individual proposals for a future field experiment (to be presented during the course).

Literature
Research papers

Target group
PhD students doing research in social science

Teaching and learning methods
Lectures, one-to-one meetings with lectures, and group discussions.
Evaluation: Through one-to-one meetings with lectures, group discussions, and presentation of individual proposal for a field experiment.

Lecturers
Post Doc Goytom Kahsay, University of Copenhagen
Professor Lars G Hansen, University of Copenhagen
Associate professor Toke Fosgaard, University of Copenhagen

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