Decision Modeling and Information
Economics H&S - Humanities & Sciences
Effective decision models consider a decision maker's alternatives, information and preferences. The construction of such models in single-party situations with emphasis on the role of information. The course then evolves to two-party decision situations where one party has more information than the other. Models examined include: bidding exercises and the winner's curse, the Akerlof Model and adverse selection, the Principal-Agent model and risk sharing, moral hazard and contract design. Prerequisite: ECON 102A or equivalent. Recommended: Econ 50, Optimization and simulation in Excel.
ROP - Letter or Credit/No Credit
Course Repeatable for Degree Credit?
This course has been approved for the following WAYS
Formal Reasoning (FR), Applied Quantitative Reasoning (AQR)
Does this course satisfy the University Language Requirement?