The course addresses the following questions: What are the advantages and limitations of experimental economics? How important are deviations from the assumptions of full rationality and strict self-interest in determining outcomes of economic interaction?

This course will provide an introduction to modern Bayesian methods in econometrics. Bayesian methods can be applied to any field of economics. The examples and exercises offered during the course will be drawn from various topics, including micro- and macroeconometrics, and finance. The main...