ECO 108 Economy of Decision and Information
Economy of decision and information
Class hours: 42
Credits (ECTS): 6
LM-CU – Specialization in Economy, Sustainability, Communion
Biennial: a.y. 2023-2025
Terms: 3rd– 4th
Course held in Italian
The course is an introduction to the science of decision-making, starting with the traditional rational choice approach and moving on to behavioural approaches that take into account the existence of cognitive and emotional biases. Decision-making in strategic interaction is examined through the use of analytical tools such as game theory. The second part of the course introduces information economics and examines decision-making situations characterised by information asymmetries. The aim is to provide students with the basic knowledge to address the main problems arising from the presence of such asymmetries in the economic and organisational spheres, through an accurate analysis of the characteristics and risks associated with these phenomena and the identification of possible solutions to mitigate their negative effects. Applications to management, finance, human resource management and public regulation are presented.
- Birchler U. – M. Bütler (2007). Information Economics. Routledge.
- Carmichael F. (2005). A Guide to Game Theory. London, Financial Times Press.
- Bazerman M. – D. Moore (2013). Judgement in Managerial Decision-Making (8th ed.) New York, Wiley & Sons.
- Thaler R. – C. Sunstein (2008). Nudge. La spinta gentile. La nuova strategia per migliorare le nostre decisioni su denaro, salute, felicità. Milano, Feltrinelli.
- Drouvelis M. (2021). Social Preferences: An Introduction to Behavioural Economics and Experimental Research. Newcastle Upon Tyne. Agenda Publishing.
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