Behavioral Economics In Context Applications for Development, Inequality & Discrimination, Finance, and Environment By Anastasia C. Wilson An ECI Teaching Module on Social and Environmental Issues in Economics Global Development Policy Center Boston University 53 Bay State Road Boston, MA 02155 bu.edu/gdp Economics in Context Initiative, Global Development Policy Center, Boston University, 2020. Permission is hereby granted for instructors to copy this module for instructional purposes. Suggested citation: Wilson, Anastasia C. (2020) “Behavioral Economics In Context: Applications for Development, Inequality & Discrimination, Finance, and Environment.” An ECI Teaching Module on Social and Economic Issues, Economics in Context Initiative, Global Development Policy Center, Boston University, 2020. Students may also download the module directly from: http://www.bu.edu/eci/education-materials/teaching-modules/ Comments and feedback from course use are welcomed: Economics in Context Initiative Global Development Policy Center Boston University 53 Bay State Road Boston, MA 02215 http://www.bu.edu/eci/ Email:
[email protected] NOTE – terms denoted in bold face are defined in the KEY TERMS AND CONCEPTS section at the end of the module. BEHAVIORAL ECONOMICS IN CONTEXT TABLE OF CONTENTS 1. INTRODUCTION ........................................................................................................ 4 1.1 The History and Development of Behavioral Economics .......................................................... 5 1.2 Behavioral Economics Toolkit: