HSL813
| 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.