Week 9

Information, Incentives, and Behavioral Anomalies; Climate Change

Author

Byeong-Hak Choe

Published

October 20, 2025

Modified

October 24, 2025

In Week 9, we will wrap up the lecture on Information, Incentives, and Behavioral Anomalies and then transition to our new topic: Balancing the Present and Future: The Discount Rate. This module will directly support your Team Project – Climate Change and the Individual, helping you apply the concepts to real-world analysis.

✍️ Classwork


Team Project – Climate Change and the Individual

Team Project Schedule

  • Week 10 (October 31, Friday, 11:59 P.M.): Project Kickoff Report
  • Week 15 (Dec 1–5): Team Presentations
  • Week 17 (December 16, Tuesday, 11:59 P.M.): Project Proposal

Project topics should focus on climate change actions, advocacy, awareness, and outreach. For additional ideas, consider the problems and possibilities.

Each team will consist of three students. Teams must develop a clear research question for their term paper. The proposal may be theoretical, empirical, or a combination of both. For empirical work, the proposed dataset must be approved in advance by Byeong-Hak Choe.

Expectations for the Proposal

Your team’s proposal should critically examine a climate change issue by:
1. Explaining the central dilemma facing society.
2. Identifying the key questions that must be addressed to develop solutions, while acknowledging the trade-offs between objectives.
3. Presenting appropriate evidence to analyze the competing interests involved.
4. Formulating policy recommendations that logically follow from your analysis.

Evaluation Criteria

Team project will be evaluated on:

  1. Quality of the research question
  2. Quality of the oral presentation
  3. Strength of the economic analysis
  4. Quality of the modeling analysis
  5. Peer evaluation of other students’ presentations
  • Team Project Score \[ \begin{align} &\quad\text{(Team Project Score)}\\ &= \;\;\; 0.05 \times \text{(Peer Evaluation)}\\ &\quad + 0.10 \times \text{(Project Kickoff Report)}\\ &\quad + 0.50 \times \text{(Presentation)}\\ &\quad + 0.35 \times \text{(Proposal)}. \end{align} \]

Note: Any change in team membership or research topic requires approval from Byeong-Hak Choe.

Additional Opportunity

Your team is encouraged to participate in the campus-wide Ideas that Matter Student Challenge in Spring 2026, aligned with the 2025–26 theme Climate Change and the Individual.


πŸ’¬ Discussion

Welcome to our Week 9 Discussion Board! πŸ‘‹

This space is designed for you to engage with your classmates about the material covered in Week 9.

Whether you are looking to delve deeper into the content, share insights, or have questions about the content, this is the perfect place for you.

If you have any specific questions for Byeong-Hak (@bcecon) or peer classmate (@GitHub-Username) regarding the Week 9 materials or need clarification on any points, don’t hesitate to ask here.

Let’s collaborate and learn from each other!

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