Drew Fudenberg

Teaching

2018

14.123 Microeconomic Theory III

Lecture 1: Static Deterministic Choice and Revealed Preference

Lecture 2: Testing Revealed Preference Theory

Lecture 3: Lotteries with Money, Risky Aversion and Asset Allocation, Insurance Demand, Stochastic Dominance

Lecture 4: Risk Preference, Prospect Theory

Lecture 5: Testing Rank Dependence, Subjective Probability and Expected Utility, Eliciting Subjective Beliefs

Lecture 6: Calibration and Subjective Confidence Intervals, Ellsberg Paradox

Lecture 7: Deterministic Dynamic Choice, Temptation and Self Control, Additively Separable Discounting, Separable Preferences

Lecture 8: Separable Preferences cont., Finite and Infinite Horizon Consumption Streams, Dynamic Choice

Lecture 9: Risk and Time: Expected Discounted Utility and Generalizations

Lecture 10: The Value of Information (for an expected-utility maximizer)