Strategic Behavior and Experiments

Course content

The course aims to present some theoretical and empirical rules (although no single rule can be employed at all times) that managers, actually all decision makers, can and do use to help make decisions. For that purpose, the theoretical framework of managerial economic decision making will be presented through conducting samples of experiments/games in the classroom (e.g., winner’s curse, bias in assessing risks) in decision making (particularly decisions in marketing and finance). The students will experience situations that they have to make many decisions of their own that will also give them the opportunity to evaluate their own decision making process through a series of classroom experiments. Prerequisite: BA 2801.