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040025 KU Thinking, Predicting and good Decision-Making (MA) (2023S)
Continuous assessment of course work
Labels
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).
- Registration is open from Mo 13.02.2023 09:00 to We 22.02.2023 12:00
- Registration is open from Mo 27.02.2023 09:00 to Tu 28.02.2023 12:00
- Deregistration possible until Fr 17.03.2023 23:59
Details
max. 50 participants
Language: English
Lecturers
Classes (iCal) - next class is marked with N
Detailed course arrangements can be found in the syllabus.
- Thursday 02.03. 16:45 - 18:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
- Friday 03.03. 15:00 - 16:30 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
- Thursday 09.03. 16:45 - 18:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
- Friday 10.03. 15:00 - 16:30 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
- Thursday 16.03. 16:45 - 18:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
- Friday 17.03. 15:00 - 16:30 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
- Thursday 23.03. 16:45 - 18:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
- Friday 24.03. 15:00 - 16:30 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
- Thursday 30.03. 16:45 - 18:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
- Friday 31.03. 15:00 - 16:30 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
- Thursday 20.04. 16:45 - 18:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
- Friday 21.04. 15:00 - 16:30 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
- Thursday 27.04. 16:45 - 18:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
- Friday 28.04. 15:00 - 16:30 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
- Thursday 04.05. 16:45 - 18:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
- Friday 05.05. 15:00 - 16:30 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
- Thursday 11.05. 16:45 - 18:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
- Friday 12.05. 15:00 - 16:30 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
- Friday 19.05. 15:00 - 16:30 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
- Thursday 25.05. 16:45 - 18:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
- Friday 26.05. 15:00 - 16:30 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
- Thursday 01.06. 16:45 - 18:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
- Friday 02.06. 15:00 - 16:30 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
- Friday 09.06. 15:00 - 16:30 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
- Thursday 15.06. 16:45 - 18:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
- Friday 16.06. 15:00 - 16:30 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
- Thursday 22.06. 16:45 - 18:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
- Friday 23.06. 15:00 - 16:30 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.Stock
- Thursday 29.06. 16:45 - 18:15 Hörsaal 8 Oskar-Morgenstern-Platz 1 1.Stock
- Friday 30.06. 15:00 - 16:30 Hörsaal 12 Oskar-Morgenstern-Platz 1 2.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%
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
(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.
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: Mo 08.05.2023 15:26