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Learn Behavioural Economics (MIT 14.13)

16 weeks · 2 milestones

Psychology and Economics (MIT OpenCourseWare), then one piece of your own. Part of the Varsity Curriculum: Economics.

Milestone map

Milestone map

2 milestones

Do the exercises and show your work

7–14 weeks (8 hrs/week)

Take Psychology and Economics for free and do the problem sets (time preferences, reference points, social preferences, limited attention, nudges). Keep your answers in one public place (a repo, a shared folder or a page) as you go, with your reasoning shown.

Proof required

Link your public folder with the problem sets (time preferences, reference points, social preferences, limited attention, nudges), and show your self-check (14.13: problem sets and exams).

What gets checked

  • Models are solved correctly.
  • Each model is compared with the standard one.
  • Exam answers are marked with the corrections.

Common mistakes

  • Answers copied from a key: verifiers read the reasoning.
  • Numbers with no working.
  • Asking for review before the self-check.

Powstik Guide

A public folder with your worked answers to the problem sets (time preferences, reference points, social preferences, limited attention, nudges).

Steps

  1. Make a public folder or repo for this course.
  2. Do one chapter or problem set at a time and save it.
  3. Self-check: Do each problem set and exam under time, then mark yourself against the solutions where the course posts them. Where it does not, rework the numbers in a spreadsheet and check that every total ties out.
  4. Fix what the self-check shows, and say what you fixed.
  5. Ask three people who know the topic to check it.

Template

README
Course: Psychology and Economics (MIT OpenCourseWare)
What is here:
Self-check result:
The hardest question and why:

What gets sent back

  • Answers with no working.
  • Self-check not shown.

Resources

Foundationstart here

Depthgo deeper

What a verifier looks for

  • Models are solved correctly.
  • Each model is compared with the standard one.
  • Exam answers are marked with the corrections.
  • Pick two answers and check every step.
  • Ask about one step; the answer should be clear.

You'll sign in first, then come straight back here.

Run a small choice experiment

1–3 weeks (5–8 hrs/week)

Use what you learned. Make a small experiment with at least 20 real people that tests one behavioural effect (framing, a default or a delay), with the design, the raw results and an honest reading. Put it where verifiers can open it. Use public information, or data you have permission to use; never publish a real person's private details.

Proof required

Link a small experiment with at least 20 real people that tests one behavioural effect (framing, a default or a delay), with the design, the raw results and an honest reading, and a short note on what you decided or changed because of it.

What gets checked

  • The 20 or more participants agreed to take part and no names are published.
  • The design shows how bias was limited.
  • The reading does not claim more than 20 people can show.

Common mistakes

  • Invented or unsourced figures.
  • A conclusion the evidence does not support.

Powstik Guide

A small experiment with at least 20 real people that tests one behavioural effect (framing, a default or a delay), with the design, the raw results and an honest reading.

Steps

  1. Write one line: what you will show.
  2. Gather the real data, people or documents.
  3. Draft it, then read it cold the next day.
  4. Ask someone to mark the first claim they doubt.
  5. Fix it and ask three people to check it.

Template

Title:
What this shows:
Sources:
Method:
Result:
Limits:

What gets sent back

  • Unsourced numbers.
  • Not clearly the person's own work.
  • Claims more than it shows.

Resources

Foundationstart here

Depthgo deeper

What a verifier looks for

  • The 20 or more participants agreed to take part and no names are published.
  • The design shows how bias was limited.
  • The reading does not claim more than 20 people can show.
  • Check that the work is the person's own and the sources are real.
  • Ask how a number was found.

You'll sign in first, then come straight back here.