Behavioral Economics and Game Theory Strategies

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Behavioral Economics explores how psychological factors influence economic decisions. It combines economics with psychology, sociology, and neuroscience.

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About this course

Game theory analyzes strategic interactions between individuals or groups. These strategies predict outcomes considering rationality and biases. Understanding decision-making under uncertainty is crucial. Risk aversion, framing effects, and heuristics impact choices. This field benefits businesses, policymakers, and investors. Predicting market trends and consumer behavior is key. Mastering these strategies provides a competitive edge. Explore the fascinating world of behavioral economics and game theory today!

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Course details

• Expected Utility Theory
• Prospect Theory
• Game Theory Fundamentals (Nash Equilibrium, Dominant Strategies)
• Behavioral Game Theory (Bounded Rationality, Cognitive Biases)
• Ultimatum Game & Dictator Game
• Public Goods Games
• Social Preferences (Altruism, Fairness, Reciprocity)
• Framing Effects & Anchoring Bias
• Loss Aversion
• Decision Making under Risk and Uncertainty

Career path

Career Role (Behavioral Economist) Description
Behavioral Economist (Market Research) Analyze consumer behavior to optimize marketing strategies; leveraging game theory for competitive advantage. High demand.
Game Theory Analyst (Finance) Develop pricing models and risk assessment strategies using game theory principles. Strong salary potential.
Behavioral Scientist (Public Policy) Influence public policy decisions by understanding behavioral biases and designing effective interventions. Growing sector.
Data Scientist (Behavioral Economics) Utilize large datasets to identify patterns in human behavior and inform business decisions. High earning potential.

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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Sample Certificate Background
BEHAVIORAL ECONOMICS AND GAME THEORY STRATEGIES
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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