Universität Wien

040025 KU Thinking, Predicting and good Decision-Making (MA) (2022S)

8.00 ECTS (4.00 SWS), SPL 4 - Wirtschaftswissenschaften
Continuous assessment of course work
Moodle

Registration/Deregistration

Note: The time of your registration within the registration period has no effect on the allocation of places (no first come, first served).

Details

max. 50 participants
Language: English

Lecturers

Classes (iCal) - next class is marked with N

on-site until further notice

  • Monday 07.03. 08:00 - 09:30 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 10.03. 16:45 - 18:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 14.03. 08:00 - 09:30 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 17.03. 16:45 - 18:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 21.03. 08:00 - 09:30 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 24.03. 16:45 - 18:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 28.03. 08:00 - 09:30 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 31.03. 16:45 - 18:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 04.04. 08:00 - 09:30 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 07.04. 16:45 - 18:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 25.04. 08:00 - 09:30 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 28.04. 16:45 - 18:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 02.05. 08:00 - 09:30 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 05.05. 16:45 - 18:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 09.05. 08:00 - 09:30 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 12.05. 16:45 - 18:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 16.05. 08:00 - 09:30 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 19.05. 16:45 - 18:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 23.05. 08:00 - 09:30 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 30.05. 08:00 - 09:30 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 02.06. 16:45 - 18:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 09.06. 16:45 - 18:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 13.06. 08:00 - 09:30 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 20.06. 08:00 - 09:30 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 23.06. 16:45 - 18:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
  • Monday 27.06. 08:00 - 09:30 Hörsaal 9 Oskar-Morgenstern-Platz 1 1.Stock
  • Thursday 30.06. 16:45 - 18:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock

Information

Aims, contents and method of the course

The course aims to provide students with a grounding in the main areas of behavioral economics, by focusing on behavioral biases in individual preferences, belief updating, choice contexts, and their implications in practice. These main areas include biases in decision-making under risk and uncertainty, intertemporal decision-making, information processing, and some de-biasing methods include libertarian paternalism and wisdom of the crowd. For each area, the focus will be on three points: (i) introduce the biases from experimental or field evidence; (2) biases compared to what and its practical implications in fields include marketing, charity, and health. (2) de-bias methods.

Assessment and permitted materials

Participation: 20%
Presentation: 20%
Data analyses project: 30%
Proposal: 30%

Minimum requirements and assessment criteria

>50%

Examination topics

(1) Decision-making under risk and uncertainty
(2) Intertemporal decision-making
(3) Elicitation methods of beliefs and private information
(4) Bayesian updating and information processing

Reading list

By and large, the course will be based on academic papers and lecture notes slides.
Additional Textbook: An Introduction to Behavioral Economics (2012) by Nick Wilkinson and Klaes.
Extra interesting readings: Thinking, Fast and Slow (2011) by Daniel Kahneman; Nudge (2009) by Richard Thaler and Cass Sustein.

Association in the course directory

Last modified: Th 03.03.2022 16:07