Behavioral Economics and Behavioral Economics Principles in Game Theory

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Behavioral Economics blends psychology and economics. It studies how cognitive biases and emotions influence decision-making.

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About this course

Behavioral Economics Principles in Game Theory extends this by examining strategic interactions. It analyzes how irrationality and bounded rationality affect game outcomes. This field is crucial for understanding real-world behavior in markets, auctions, and negotiations. Prospect theory and loss aversion are key concepts. The audience includes economists, psychologists, business professionals, and anyone interested in human behavior. Predictive modeling and improved decision-making are key benefits. Explore the fascinating world of behavioral economics and game theory today! Discover how heuristics impact your choices and learn to make better decisions.

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Course details

• Prospect Theory and Framing Effects
• Loss Aversion and Endowment Effect
• Cognitive Biases (Heuristics and Biases)
• Social Preferences (Altruism, Reciprocity, Fairness)
• Time Preferences and Hyperbolic Discounting
• Game Theory Fundamentals (Nash Equilibrium, etc.)
• Behavioral Game Theory Experiments
• Bounded Rationality
• Nudge Theory and Policy Implications
• The Ultimatum Game and Dictator Game

Career path

Behavioral Economics and Behavioral Economics Principles in Game Theory

Career Role (Primary Keyword: Behavioral Economist; Secondary Keyword: Game Theorist) Description
Behavioral Economist, Financial Modeling Applies behavioral economics principles to financial markets, developing models to predict market behavior. High demand, strong salary potential.
Game Theorist, Market Research Uses game theory to analyze strategic interactions in markets, providing insights for competitive advantage. Growing field, competitive salaries.
Behavioral Scientist, Public Policy Designs and analyzes behavioral interventions to improve public policy outcomes. Increasing job market growth, good salary prospects.
Data Scientist, Behavioral Insights Analyzes large datasets to identify behavioral patterns and develop data-driven strategies. High demand, excellent salary range.

Entry requirements

  • Basic understanding of the subject matter
  • Proficiency in English language
  • Computer and internet access
  • Basic computer skills
  • Dedication to complete the course

No prior formal qualifications required. Course designed for accessibility.

Course status

This course provides practical knowledge and skills for professional development. It is:

  • Not accredited by a recognized body
  • Not regulated by an authorized institution
  • Complementary to formal qualifications

You'll receive a certificate of completion upon successfully finishing the course.

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BEHAVIORAL ECONOMICS AND BEHAVIORAL ECONOMICS PRINCIPLES IN GAME THEORY
is awarded to
Learner Name
who has completed a programme at
London School of International Business (LSIB)
Awarded on
05 May 2025
Blockchain Id: s-1-a-2-m-3-p-4-l-5-e
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