Syllabus
Seminar covers these for key topics:
- Classical theories of decision-making under uncertainty - normative (expected utility theory) versus descriptive theories (prospect theory base for Kahneman's Nobel prize), heuristics, practical exercises.
- Group decision-making - game theory, social phenomena (groupthink, perception of fairness, altruism), experimental approach, practical exercises.
- Decision-making and well-being - future decisions and happiness, goals planning and its applications, sequential decision-making, practical exercises.
- Application of decision theories in practice - economical, social and political implications of research in decision-making, practical exercises.
Annotation
This course consists of 4 half-day seminars conceived as theoretical as well as experiential workshops. Each seminar (workshop) consists of introductory in-class experiment, theoretical lecture followed with discussions, practical exercises (little in-class experiments, group-work on thematic assignments). Every seminar has one topic focus. The four topics covered are:
1) classical theories vs. prospect theory ,
2) group decisions and social implications,
3) well-being and decisions and
4) implications of theories for practice (both individual work and social phenomena).