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== HSL813 : Foundations of Decision Theory ==
== HSL813 : Foundations of Decision Theory ==
Completion of core courses. Not allowed to take this courses in the first year. For UG students--HUL212 The course aims to formalize microeconomic treatment of decision-making by economic agents. It will encompass consumer's choice problems, rationality theory and also bounded rationality theory. The course will conceptualize behavioural aspects of firm's decision-making- non-cooperation strategies and cartel formation would be discussed with respect to various market structures. Basic ideas of auction models would also be discussed and reference would be made to e-auctions and spectrum (or natural resource) auction markets. Latest developments in social and economic networks would be introduced and behavioural underpinnings would be discussed.
Completion of core courses. Not allowed to take this courses in the first year. For UG students--[[HUL212]] The course aims to formalize microeconomic treatment of decision-making by economic agents. It will encompass consumer's choice problems, rationality theory and also bounded rationality theory. The course will conceptualize behavioural aspects of firm's decision-making- non-cooperation strategies and cartel formation would be discussed with respect to various market structures. Basic ideas of auction models would also be discussed and reference would be made to e-auctions and spectrum (or natural resource) auction markets. Latest developments in social and economic networks would be introduced and behavioural underpinnings would be discussed.

Latest revision as of 16:35, 14 April 2026

HSL813
Foundations of Decision Theory
Credits 3
Structure 3-0-0
Pre-requisites For HES students (M.Sc. in Economics)--
Overlaps

HSL813 : Foundations of Decision Theory

Completion of core courses. Not allowed to take this courses in the first year. For UG students--HUL212 The course aims to formalize microeconomic treatment of decision-making by economic agents. It will encompass consumer's choice problems, rationality theory and also bounded rationality theory. The course will conceptualize behavioural aspects of firm's decision-making- non-cooperation strategies and cartel formation would be discussed with respect to various market structures. Basic ideas of auction models would also be discussed and reference would be made to e-auctions and spectrum (or natural resource) auction markets. Latest developments in social and economic networks would be introduced and behavioural underpinnings would be discussed.