BOUNDED RATIONALITY IN DECISIONS AND GAMES - Heuristics, Coarse reasoning, and other biases
June 19 to June 23, 2023
Two modes of participation are offered for the 2023 Edition :
- In person, taking into account the highest sanitary measures to protect the participants and professors. On site, our parisian campus offers teaching and logistics space : classrooms, teaching theater, garden, coffee and lunch breaks facilities...
- Online, proposing interactive lectures in real time and, beyond, online office hours with professors to facilitate interactions. PSE offers technologies and process that will ensure high quality communication for online participants, both with professors and with other participants.
- For all the participants, full sets of lecture notes and presentations will be made available, as well as the recordings of the courses.
- This program is equivalent to 3 ECTS credits, which PSE validates.
This PSE summer school presents topics in behavioural game theory, bounded rationality and decision theory. It is motivated by the desire to move beyond the standard paradigm with rational expectations and expected utility theory, and present the implications of this for the understanding of economic phenomena sometimes viewed as paradoxical in the standard paradigm.
Knowledge of basic game theory concepts is required.
Main concepts/theories/software… learned during the program :
New solution concepts of behavioral game theory and decision theory
Skills acquired thanks to the program :
How to use these concepts in applications
How will MA and PhD students benefit from this program :
The program is designed for PhD students who would expand their toolkit to approach economic problems from a behavioral/boundedly rational perspective.
How will professionals benefit from this program :
Not ideally suited for professionals
Contents – Bounded rationality in decisions and games