Family, Relationships & Psychology

Behavioral Economics for Everyday Decisions

Understanding Behavioral Influences on Decision-Making

Workload: 296 hours Topics: Introduction to Family, Relationships & Psychology
Initial Registration โ€” 80 EUR This initial payment is credited toward tuition. Program-specific discounts may apply.
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Program overview

Behavioral Economics for Everyday Decisions delves into the psychological factors that influence personal and professional choices. Through project-based learning, participants will explore how cognitive biases, social influences, and emotional responses shape decision-making processes. The course emphasizes practical application, allowing learners to implement theories in real-life scenarios and enhance their decision-making skills.
Participants will engage in interactive discussions and collaborative projects, culminating in a final project that synthesizes their learning into a practical application of behavioral economics. By encouraging the publication of results in Cademix Magazine, the course not only fosters a deeper understanding of the subject but also provides a platform for sharing insights with a broader audience. This approach equips learners with valuable skills that can be applied in various contexts, from personal finance to workplace dynamics.
Introduction to Behavioral Economics: Concepts and Principles
Cognitive Biases: Understanding Their Impact on Decision-Making
The Role of Emotions in Economic Choices
Social Influences: Peer Pressure and Group Dynamics
Heuristics: Mental Shortcuts and Their Consequences
Decision-Making Under Uncertainty: Risk and Reward
The Psychology of Money: Spending, Saving, and Investing
Nudges: Designing Choices to Improve Outcomes
Case Studies: Real-World Applications of Behavioral Economics
Final Project: Applying Behavioral Economics to a Personal or Professional Decision

Learning goal

To equip participants with the skills to apply behavioral economics principles to enhance decision-making in everyday life

Target group

Graduates, job seekers, business professionals, researchers, and consultants

Prerequisites

None

Format and certification

Teaching method: Project-based, interactive

Certificate: Certificate of Attendance, Certificate of Expert

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Cademix Institute of Technology e.U.Continuing Education ยท Professional Development ยท Austria