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This emerging interdisciplinary area, behavioral economics, examines how human decisions often diverge from ideal rationality and the resulting impacts on consumers, business leaders, organizations, and public policy. The combined program offered by the Operations, Information, and Decisions Department alongside the Business Economics and Public Policy Department investigates the psychological dimensions of economic behavior and choice. Students in this program gain insights into: (1) traditional rational choice theory, (2) psychological adjustments to this framework that account for actual human behavior, and (3) how these behavioral insights affect individual decision-making, market dynamics, and policy formulation.
International applicant should have completed a program of secondary education that would enable you to enter a university in your own country (e.g., A-levels, Abitur).
A strong command of the English language is necessary for successful study at Penn. Applicants whose families do not speak English at home, or applicants who have not attended a high school or secondary school where the primary language of instruction is English, are asked to take the TOEFL, the Test of English as a Foreign Language, administered by the Educational Testing Service. In the event the TOEFL is not readily accessible, Penn will accept results from the IELTS, the International English Language Testing System.