This course studies biases in decision making, drawing on research in behavioral economics and psychology, and develops insights for business and financial market contexts.
Examples of topics covered include studying links between overconfidence and optimism in entrepreneurship as well as financial markets; understanding price bubbles and whether they are driven by irrational consumers; and how are new forms of financing such as crowd-funding susceptible to behavioral biases?
The primary objectives of this course are to introduce to students the concepts in behavioral economics that are most relevant to business and financial markets, and to study applications of these concepts in the actual business world.
Alexander Coutts has been an Assistant Professor of Economics at Schulich School of Business, York University, since 2021. Previously he was an Assistant Professor of Economics at Nova School of Business and Economics.
He holds a Ph.D. in Economics (2015) from New York University, USA. During his studies he was a researcher at New York University’s Center for Technology and Economic Development, based in Abu Dhabi. His research fields are Behavioral Economics, Development Economics, and Experimental Economics.
His interests center on applying insights from behavioral economics to questions in development economics. He uses laboratory and field experiments to understand the interaction between information, beliefs, and behavior.