Online
Activity information
Strategy and decision making
Online
This courseexplores the principles and methods used in makingcollectivedecisions, focusing on theoriesof social choice, strategy, and decision-makingprocesses. Students will examinehow individual preferencescanbeaggregatedtoreachgroupdecisions, the strategicbehaviorofindividualswithinvoting and decision-makingframeworks, and the implications for welfare and fairness. Topics includevotingsystems, preferenceaggregation, game theory, and strategicdecision-making, withapplications in economics, politicalscience, and publicpolicy. Through a mix oftheoreticalmodels and casestudies, students gaininsightinto the challenges and potential solutions for fair and effectivegroupdecision-making.
Number of ECTS: 3
Methodology:
This course employs a mixed-methods approach, combining theoretical analysis, mathematical modeling, and case-based learning. Key methodologies include:
- Lectures and Readings: Foundation in social choice theory, game theory, and decision-making principles through guided readings and lectures, focusing on theoretical frameworks and key models.
2. Mathematical Modeling and Analysis: Use of mathematical and statistical tools to analyze voting systems, preference aggregation, and strategic behavior. Students engage with algorithms and proofs to understand the mechanics and implications of decision models.
3. Case Studies: Real-world examples in economics, politics, and business are analyzed to illustrate how theories apply to actual decision-making scenarios. Cases encourage students to critically assess the strengths and limitations of different models in practice.
4. Simulations and Group Exercises: Hands-on activities such as simulated elections or group decision scenarios help students experience collective decision-making dynamics and strategic voting, fostering practical understanding of theoretical concepts.
5. Discussion and Peer Review: Regular discussions and peer feedback sessions enhance critical thinking and allow students to reflect on diverse viewpoints and approaches within group decision-making contexts
Last update 12 Jan 2025 11:59