The cognitive function of our brain tricks us into illusioned decision making. Behavioral Economics studies how psychological limitations influence irrational decision makings. For better policy making and working with governments, this course shall be the key to achieve a competitive advantage over others.
By the end of this course you would be able to:-
- Psychological limitations that influence irrational decision making
- Game Theory
- Mental Accounting and Money Illusion
- Heuristics and Biases
- The Rationale Behind Human Decision Making
- Goal Dilution
- Provide a holistic account of how Behavioral Economics situates within the universe of the Economics discipline.
- Apply insights from Behavioral Economics to hypothesize the relative impact of various public policies.