Prague, Czech Republic

Crash Course in Behavioral Economics

online course
when 4 December 2021 - 5 December 2021
language English
duration 1 week
credits 2 EC
fee EUR 240

Crash Course in Behavioral Economics is one of two courses of the CEBEX Winter School on Behavioral Sciences 2021. Because of the covid situation, the course will run online.

BASIC INFO

This intensive introductory course aims to provide a comprehensive overview of basic concepts and models in standard behavioral economics. Students will learn about methodological foundations of behavioral economics and meet the most prominent scholars of the field. They will gain an understanding of the differences between rational choice and behavioral models, both under certainty and risk. Lecture on Intertemporal choice will tap into how preferences might change over time and how to avoid procrastination or resist temptation. Students will also learn how social preferences modify the predictions of conventional game-theoretic analysis. Mental accounting deals with a question how people think about value and money, and why – for example – paying online hurts less or why we like three smaller gifts better than one big. The last topic will cover a topic of learning, which is a key element of our interaction with environment we live in.

TOPICS

- Brief History and Methodology of Behavioral Economics
- Values, Preferences and Choices
- Heuristics and Biases
- Intertemporal Choice
- Decision-making under Risk and Uncertainty
- Behavioral Game Theory
- Mental Accounting

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Credits info

2 EC
ECTS REQUIREMENTS

After successful completion of the course, you get 2 ECTS. Student has to get in total at least 60% of all available points which are being awarded for the following activities:
- attend all lectures (12 hrs. of WL / 2 pts. per hour, 24 in total)
- submit 3 homeworks (3 hrs. of WL / 6 pts. per homework, 12 in total)
- final exam (32 hrs. of WL / 64 pts.)

Fee info

EUR 240: Students
EUR 290: Regular