Introduction to Behavioral Economics
Explore how understanding human behavior can strengthen traditional economic approaches and improve the design and implementation of environmental programs.
Our new self-paced course explores how understanding human behavior can improve traditional economic theory and approaches to strengthen how we design and implement environmental programs.
With content adapted from our flagship Economics and Finance for Environmental Leadership course, this course combines short video lectures with short experiments, quizzes, additional resources, and a small case study exercise to bridge the gap between knowledge and practice. CSF instructor and Economics Department Head at Universidad de La Sabana, guides you through each chapter.
Welcome to Introduction to Behavioral Economics
About Us
(Video) Meet your instructor!
About this Course
Course Structure and Navigation
Pre-Course Survey
Chapter 1 Overview
Step 1: Learning
What is Behavioral Economics?
(Lecture) What is Behavioral Economics?
Neoclassical Economic Assumptions
(Lecture) Overview of Assumptions
(Lecture) Rationality
(Experiment) Dictator Game
(Lecture) Perfect Cognition
(Lecture) Self-Interest
Contrasting Behavioral and Neoclassical Economics
(Lecture) Key Contrasts
Step 2: Dive Deeper
Step 3: Knowledge Check
Step 4: Reflection
Chapter 2 Overview
Step 1: Learning
Biases
(Lecture) Introduction to Biases
(Lecture) Cognitive Bias
(Experiment) Bat and Ball Problem
Heuristics
(Lecture) Introduction to Recognition Heuristic
(Experiment) Recognition Heuristics
(Lecture) Defining Heuristics
(Experiment) Linda's Problem
(Lecture) System 1 and System 2 Thinking
Common Assumptions
(Lecture) Clarifying the Distinction Between Biases and Heuristics
Environmental Applications
(Lecture) Environmental Applications
Step 2: Dive Deeper
Step 3: Knowledge Check
Step 4: Reflection
Chapter 3 Overview
Step 1: Learning
Decisions Under Risk: Behavioral Approach
(Lecture) Overview and Scenario 1 Introduction
(Experiment) Gains Scenario
(Lecture) Scenario 2 Introduction
(Experiment) Losses Scenario
(Lecture) Neoclassical Perspectives on Risk Aversion
Rare Disease Problem
(Lecture) Experiment and Scenario 1 Overview
(Experiment) Rare Disease Scenario 1
(Lecture) Scenario 2 Introduction
(Experiment) Rare Disease Scenario 2
(Lecture) Rare Disease Problem Explained
Understanding Prospect Theory
(Lecture) Model Features
(Lecture) The Weighting Function
Environmental Applications
(Video) Environmental Applications
Step 2: Dive Deeper
Step 3: Knowledge Check
Step 4: Reflection
Chapter 4 Overview
Step 1: Learning
Deviations from Standard Models
(Lecture) Overview of Non-Standard Behavior
Non-Standard Beliefs
(Lecture) Projection Bias
(Lecture) Probability Misinference
Non-Standard Preferences
(Lecture) Overview of Non-Standard Preferences
(Lecture) Social Comparison
(Lecture) Hyperbolic Discounting Scenario 1 Introduction
(Experiment) Hyperbolic Discounting Scenario 1
(Lecture) Hyperbolic Discounting Scenario 2 Introduction
(Experiment) Hyperbolic Discounting Scenario 2
(Lecture) Hyperbolic Discounting and Present Bias
Environmental Applications
(Video) Environmental Application
Step 2: Dive Deeper
Step 3: Knowledge Check
Step 4: Reflection
Chapter 5 Overview
Step 1: Learning
Nudging
(Lecture) Nudging
Designing Behavioral Interventions
(Lecture) The Steps of Behavioral Intervention
EAST Model
(Lecture) Model Overview
(Lecture) Easy, Attractive, Social, Timely
(Lecture) Model Limitations
Step 2: Dive Deeper
Step 3: Knowledge Check
Step 4: Case Study Exercise
(Key) Real-World Solution
Contact us about designing a bespoke conservation finance course for your organization.
Do you have more staff in your organization or institution that could benefit from this course? We can adapt this curriculum into a custom self-paced, virtual, or in-person course specifically tailored to your needs. Contact our team at [email protected] to inquire about bespoke course design options.