The Psychology of Economic Behaviour
|Period:||Semester 2, Block III||Hours of study:||20:00 hrs|
- Yes Elective choice
- No Contractonderwijs
- Yes Exchange
- Yes Study Abroad
- No Evening course
- No A la Carte
- No Honours Class
Only open to Master’s students Psychology.
Economic behaviour is essentially social behaviour. Behaviours like gambling, saving, bargaining, consumption all refer to social contexts. As a consequence, social psychology has much to offer to economics. In this course we will focus on what social psychology can contribute to the understanding of such economic behaviours. We will seek answers to questions like:
- How does personality come into play?
- How rational is economic behaviour?
- What about emotions?
- Are we only motivated by self-interest?
- How do we deal with uncertainty?
In the search for answers we will concentrate on how the assumptions of economic theory compare to the most recent insights in social psychology. For this purpose we will read and discuss up-to-date articles in economic and psychological journal articles and book chapters as well as classic studies that had a major impact on the development of psychological and economic theory. Students will prepare the meetings by reading the literature, and actively participate in the discussions. The course will end with a final exam.
Upon completion of this course, students:
- Have specialised knowledge of social psychological theories about behaviour and decision-making in social contexts and organisations;
- Have thorough knowledge of subjects (within and beyond the specialization) that may be of importance for the use of these theories (i.e., social psychology, behavioural economics); and
- Can at basic level make use of theories that are common in social psychology.
For the timetables of your lectures, work groups and exams, please select your study programme in:
Students need to enroll for lectures and work group sessions.
Master’s course registration
For admission requirements contact your exchange coordinator
Students are not automatically enrolled for an examination. They can register via uSis from 100 to 10 calendar days before the date. Students who are not registered will not be permitted to take the examination.
Registering for exams
Mode of instruction
7 2-hour seminars/lectures and final 3-hour exam.
Written final exam.
The Institute of Psychology follows the policy of the Faculty of Social and Behavioural Sciences to systematically check student papers for plagiarism with the help of software. Disciplinary measures will be taken when fraud is detected. Students are expected to be familiar with and understand the implications of this fraud policy.
Readings available via ‘Blackboard’. Exemplary literature includes:
- Iyengar, S, & Lepper, M. (2000). When choice is demotivating: Can one desire too much of a good thing? Journal of Personality and Social Psychology, 79(6), 995-1006.
- Soman, D, & Gourville, J. (2001). Transaction decoupling: How price bundling affects the decision to consume. Journal of Marketing Research, 38(1), 30-44.
- Bastardi, A, & Shafir, E. (1998). On the pursuit and misuse of useless information. Journal of Personality and Social Psychology, 75(1), 19-32.
- Gilbert, D, Morewedge, C, Risen, J, et al. (2004). Looking forward to looking backward – The misprediction of regret. Psychological science, 15(5), 346-350.
- Miller, D. (1999). The norm of self-interest. American Psychologist, 54(12), 1053-1060.
- Shaffer, V, & Arkes, H. (2009). Preference reversals in evaluations of cash versus non-cash incentives. Journal of Economic Psychology, 30(6), 859-872.
Prof.dr. Eric van Dijk
|Is part of||Programme type||Semester||Block|
|Exchange Psychology||Exchange and Study Abroad Students||2||III|
|Psychology (research): Social and Organisational Psychology||Master||2||III|
|Psychology: Economic and Consumer Psychology||Master||2||III|
|Psychology: Social and Organisational Psychology||Master||2||III|