Grounded Theory Literature
Grounded Theory Literature: 3-5 articles presenting the basic theory of standard economic models and behavioral economics models.
Classical Research Literature: 5-7 articles demonstrating the application and findings of time discounting models in different studies.
Latest Research Literature: 3-5 articles, providing the latest research results and opinions.
Relevant Methodology Literature: 2-3 articles to support your approach to designing experiments and data analysis methods.
Other Related Literature: 2-5 pieces that complement other research related to the topic and provide a broader perspective.
Writing Quality Requirements:
On Part A: Demonstrates a comprehensive understanding of the fundamental differences between rational and behavioral economics in a chosen theme (i.e. Demonstrates a comprehensive understanding of the fundamental differences between rational and behavioral economics in a chosen theme (i.e. full description of the theoretical differences of the chosen theme).
On Part B: Demonstrates a comprehensive understanding of experiment design to conduct a hypothesis test (i.e. full awareness and control of relevant confounding factors). confounding factors).
Overall: Demonstrates skilful use of quality research evidence from a wide array of highly relevant sources to support ideas that are appropriate for the styleof writing with accurate referencing.
Thesis Part A – Theoretical Overview
Describe the chosen topic and explain from a theoretical perspective why the two models predict different results. This section should end with the following: H0: Standard Economics Model vs H1: Behavioral Economics Model.
Paper Part B – Design of Experiment
Design an experiment that can be used to test the above hypotheses. Provide a detailed description of the experiment and explain how your hypothesis will be tested if the experiment is conducted. There is no need for an experiment, just a description.
Instructions
Select a topic that divides proponents of the \\\\\\\’standard economic model\\\\\\\’ and proponents of the \\\\\\\’behavioral economics model\\\\\\\’. Select a topic that divides proponents of the \\\\\\\’standard economic model\\\\\\\’ and proponents of the \\\\\\\’behavioural economics model\\\\\\\’. That is, if an experiment were conducted, to understand human behaviour in this topic area, both models would predict different outcomes. essay addressing Part A and Part B
Topic:
Time Discounting
Standard economic model: assumes that individuals\\\\\\\’ consumption and earnings at different points in time are compared at a fixed discount rate.
Behavioral economics model: uses a hyperbolic discounting model, which assumes that the importance people place on future returns changes over time and that there are short-term preferences.
Answer preview to Grounded Theory Literature
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