To reveal psychological and sociological factors that lie behind the decisions made by individuals and to uncover how these factors affect the decision making process of these individuals.
Course Content
This course contains; Transaction Utility and Consumer Pricing,Mental Accounting,Status Quo Bias and Default Options,Winner's Curse and Auction Behavior,Bracketing Decisions,Availability Heuristics,Representativeness Heuristics,Confirmation Bias and Overconfidence,Decision Making under Risk and Uncertainty,Prospect Theory,Disagreeing with Ourselves: Projection and Hindsight Biases,Selfishness and Altruism,Fairness and Psychological Games
,Trust and Reciprocity.
Dersin Öğrenme Kazanımları
Teaching Methods
Assessment Methods
1. Will be able to explain the strategies that indivdiuals use when reaching a decision.
10, 16, 9
A
1.1. Explain availability heuristic.
1.2. Explain representativeness heuristic.
2. Will be able to explain psychological and cognitive biases that affect the decisions of individuals.
10, 16, 9
A
2.1. Explain mental accounting
2.2. Explain loss aversion
2.3. Explain confirmation bias.
3. Will be able to explain the problems on the understanding of the individuals regarding past.
10, 16, 9
A
3.1. Explain how much individuals can remember past correctly.
3.2. Explain how much individuals encounter problems regarding remembering past.
4. Will be able to explain the problems on the understanding of the individuals regarding future.
10, 16, 9
A
4.1. Explain how much individuals can forecast future correctly.
4.2. Explain how much individuals encounter problems regarding predicting future.
5. Explain what kinds of thinking types individuals have.
10, 16, 9
A
5.1. Explains how the first system works in our brains.
5.2. Explain how the second system works in our brains.
Disagreeing with Ourselves: Projection and Hindsight Biases
Reading relevant sources
12
Selfishness and Altruism
Reading relevant sources
13
Fairness and Psychological Games
Reading relevant sources
14
Trust and Reciprocity
Reading relevant sources
Resources
David R. Just, 2014, Introduction to Behavioral Economics, Wiley
Dilek Alma Savaş, Coşkun Çılbant, Davranışsal İktisat, Gazi Kitabevi, 2021.
[1] Just, D.R. 2013. Introduction to Behavioral Economics
[2] Thaler, 2015, Misbehaving: The Making of Behavioral Economics
[3] Bernheim, B. Douglas, Stefano DellaVigna, and David Laibson. 2018. “Handbook of BehavioralEconomics.” Elsevier
[4] Kahneman, D. 2011, Thinking, Fast and Slow, Farrar, Straus and Giroux
[5] Thaler, Richard, and Cass Sunstein. 2021. Nudge: The Final Edition.
Course Contribution to Program Qualifications
Course Contribution to Program Qualifications
No
Program Qualification
Contribution Level
1
2
3
4
5
1
Defines the basic concepts of banking and insurance.
2
Describes the mathematical and statistical methods of banking and insurance
3
Uses the computer programs needed in banking and insurance
4
Uses the professional foreign language proficiency required in banking and insurance
5
Prepares the project and manage the teamworks
X
6
Uses the theoretical and practical knowledge of the banking and insurance.
7
Constantly evaluates itself by following the developments in science and technology with the importance of lifelong learning
X
8
Uses verbal and written communication skills using the latest technologies and at least one foreign language
9
Accepts ethical values and social rights and applies them
X
10
Analyzes and discusses using the data of banking and insurance
X
11
Uses the information on the other disciplines that can provide support for theoretical studies in banking and insurance (economics, law, business, etc.)
X
12
Offers micro and macro suggestions on the problems in the banking and insurance sector
X
Assessment Methods
Contribution Level
Absolute Evaluation
Rate of Midterm Exam to Success
40
Rate of Final Exam to Success
60
Total
100
ECTS / Workload Table
Activities
Number of
Duration(Hour)
Total Workload(Hour)
Course Hours
14
3
42
Guided Problem Solving
0
0
0
Resolution of Homework Problems and Submission as a Report
1
20
20
Term Project
9
5
45
Presentation of Project / Seminar
0
0
0
Quiz
0
0
0
Midterm Exam
1
20
20
General Exam
1
25
25
Performance Task, Maintenance Plan
0
0
0
Total Workload(Hour)
152
Dersin AKTS Kredisi = Toplam İş Yükü (Saat)/30*=(152/30)
5
ECTS of the course: 30 hours of work is counted as 1 ECTS credit.
Detail Informations of the Course
Course Description
Course
Code
Semester
T+P (Hour)
Credit
ECTS
BEHAVIOURAL ECONOMICS and FINANCE
-
Fall Semester
3+0
3
5
Course Program
Prerequisites Courses
Recommended Elective Courses
Language of Course
Turkish
Course Level
First Cycle (Bachelor's Degree)
Course Type
Elective
Course Coordinator
Assist.Prof. Ayşe Saime DÖNER
Name of Lecturer(s)
Assistant(s)
Aim
To reveal psychological and sociological factors that lie behind the decisions made by individuals and to uncover how these factors affect the decision making process of these individuals.
Course Content
This course contains; Transaction Utility and Consumer Pricing,Mental Accounting,Status Quo Bias and Default Options,Winner's Curse and Auction Behavior,Bracketing Decisions,Availability Heuristics,Representativeness Heuristics,Confirmation Bias and Overconfidence,Decision Making under Risk and Uncertainty,Prospect Theory,Disagreeing with Ourselves: Projection and Hindsight Biases,Selfishness and Altruism,Fairness and Psychological Games
,Trust and Reciprocity.
Dersin Öğrenme Kazanımları
Teaching Methods
Assessment Methods
1. Will be able to explain the strategies that indivdiuals use when reaching a decision.
10, 16, 9
A
1.1. Explain availability heuristic.
1.2. Explain representativeness heuristic.
2. Will be able to explain psychological and cognitive biases that affect the decisions of individuals.
10, 16, 9
A
2.1. Explain mental accounting
2.2. Explain loss aversion
2.3. Explain confirmation bias.
3. Will be able to explain the problems on the understanding of the individuals regarding past.
10, 16, 9
A
3.1. Explain how much individuals can remember past correctly.
3.2. Explain how much individuals encounter problems regarding remembering past.
4. Will be able to explain the problems on the understanding of the individuals regarding future.
10, 16, 9
A
4.1. Explain how much individuals can forecast future correctly.
4.2. Explain how much individuals encounter problems regarding predicting future.
5. Explain what kinds of thinking types individuals have.
10, 16, 9
A
5.1. Explains how the first system works in our brains.
5.2. Explain how the second system works in our brains.
Disagreeing with Ourselves: Projection and Hindsight Biases
Reading relevant sources
12
Selfishness and Altruism
Reading relevant sources
13
Fairness and Psychological Games
Reading relevant sources
14
Trust and Reciprocity
Reading relevant sources
Resources
David R. Just, 2014, Introduction to Behavioral Economics, Wiley
Dilek Alma Savaş, Coşkun Çılbant, Davranışsal İktisat, Gazi Kitabevi, 2021.
[1] Just, D.R. 2013. Introduction to Behavioral Economics
[2] Thaler, 2015, Misbehaving: The Making of Behavioral Economics
[3] Bernheim, B. Douglas, Stefano DellaVigna, and David Laibson. 2018. “Handbook of BehavioralEconomics.” Elsevier
[4] Kahneman, D. 2011, Thinking, Fast and Slow, Farrar, Straus and Giroux
[5] Thaler, Richard, and Cass Sunstein. 2021. Nudge: The Final Edition.
Course Contribution to Program Qualifications
Course Contribution to Program Qualifications
No
Program Qualification
Contribution Level
1
2
3
4
5
1
Defines the basic concepts of banking and insurance.
2
Describes the mathematical and statistical methods of banking and insurance
3
Uses the computer programs needed in banking and insurance
4
Uses the professional foreign language proficiency required in banking and insurance
5
Prepares the project and manage the teamworks
X
6
Uses the theoretical and practical knowledge of the banking and insurance.
7
Constantly evaluates itself by following the developments in science and technology with the importance of lifelong learning
X
8
Uses verbal and written communication skills using the latest technologies and at least one foreign language
9
Accepts ethical values and social rights and applies them
X
10
Analyzes and discusses using the data of banking and insurance
X
11
Uses the information on the other disciplines that can provide support for theoretical studies in banking and insurance (economics, law, business, etc.)
X
12
Offers micro and macro suggestions on the problems in the banking and insurance sector
