Behavioral Economics and Public Policy
The course gives an introduction to behavioral economics through various tools and techniques and gives a detailed perspective to understand decision making. It will help in understanding the various psychological processes that a consumer goes through while making a decision using topics like nudges, choice architectures, some notions of fairness and also some real life examples. The course will also contextualise how a simple nudge can change a person’s decisions, strategies, and choices. The course touches upon indicators like Heuristics and biases, growth biases and risk preferences. The course will also introduce the terms like Loss aversion, sunk costs, discounting. It will give a distinction between the thought processes of econs and humans. Lastly, the course also delves into the topic of discrimination and its types, evidences and consequenes and how policies have been introduced to reduce the various gaps.
Upcoming start dates
- Self-paced Online
Who should attend?
Basic understanding of economics is required.
- Heuristics and Biases
- Risk Preference of Humans
- Impatience and Self Control
- Strategic thinking and social preferences
- Behavioral Public Policy
- Nudges and Public Policy
Course delivery details
This course is offered through Indian Institute of Management Bangalore, a partner institute of EdX.
3-4 hours per week
- Verified Track -$149
- Audit Track - Free
Certification / Credits
What you'll learn
At the end of this course, you will
- Explain and analyze nudges and how choices can alter a person’s behaviour
- Understand decision making and its deep psychological processes.
- Correlate human behviour with financial decisions.
- Understand the various choices and strategies that we take in real life environment by practical examples.
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