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Behavioural Economics and Social Good

Name: Behavioural Economics and Social Good
Price: 1461 SGD

Training Provider: Singapore University of Social Sciences

Course Reference: TGS-2024047230

S$1,461

About This Course

Examine decision-making models under risk and uncertainty, including explaining and applying the prospect theory
Discuss mental accounting and the non-fungibility of money
Deconstruct behaviours of habits and addiction using models of intertemporal choice
Analyse behaviours that contradict economic predictions, supported by theories such as bounded rationality and decision heuristics
Apply bounded rationality explanations to financial market observations
Demonstrate behavioural economics principles to applications and policies that can advance social good, including principles of fairness, time-inconsistencies, and game theory

What You'll Learn

ECO301 Behavioural Economics and Social Good studies the psychological limitations that could influence economic decision making. Insights in behavioural economics have provided new decision-making models to help us understand how choices are made in the presence of risk and uncertainty, and where the key economic assumption of rationality is limited in the real-world. Behavioural economics will also be applied to better understand preferences that are not self-directed/interested, or preferences that are inconsistent over time. Lastly, students will learn about behavioural game theory and applications of behavioural economics in policy and beyond to advance social good (e.g., organ donation and status quo biases, energy bill and reference points, altruism).