Tue, 22 Jun|
Behavioural Economics - an introduction
Theories from the field of Behavioural Economics are being used increasingly by governments, regulators and companies to 'nudge' us towards the right decision. What is it and how can you use it?
Time & Location
22 Jun 2021, 10:00 – 11:30
About the event
The emerging science of Behavioural Economics is increasing our understanding of the way we make decisions. This knowledge is helping businesses develop more profitable models, regulators more effective controls and governments more efficient incentives.
This session will look at the theories underpinning the science and consider some of the more common decision errors.
By the end of the seminar you will have a greater insight into the ways a gentle nudge may be more effective than a hefty shove!Agenda
- Why does Behavioural Economics matter?
- The Theory
- Prospect Theory
- Bounded Rationality, Heuristics and Biases
- Fast and Slow Thinking