Behavior Economics

You may pick any behavioral topic that we have covered in the class (e.g., loss aversion, four-fold pattern, mental accounting, weber-fechner law, representativeness, anchoring, confirmation bias, overconfidence, gambler’s fallacy, availability, etc …) and do further research on the topic and provide a summary of empirical data through real world events, data, or experiments that have been conducted either proving or disproving the systematic behavioral trait. Explain the implications of this trait on the standard economics model and the real-world implications on business, laws or public policy decisions.

The required books for this class are:
Daniel Kahneman, Thinking, Fast and Slow
Richard Thaler, Misbehaving