https://at-ceu.studyguide.timeedit.net/modules/UGST4072?type=COREThis course explores the economic implications of making psychologically more realistic assumptions on individual behavior. We will discuss (mostly, experimental) evidence from the lab and the field that is inconsistent with the predictions of the 'classical' economic model. We will then enrich the classical model by incorporating psychological phenomena - such as reference dependence, loss aversion, or a taste for immediate gratification - to make sense of the observed empirical regularities.