• Dates:

    12 - 16 June 2017

  • Five day intensive executive programme
  • LSE's Central London Campus,

    New Academic Building
    WC2A 2AE

  • Dr Matthew Levy
  • Tuition Fee:

    £5,795

 

This five day intensive short course will bring participants up to date with modern developments in behavioural economics.

Behavioural economics has revolutionised economics in the past thirty years by replacing the standard assumptions of perfect rationality and unbridled self-interest with more psychologically realistic alternatives. Behavioural economists believe that economists have traditionally acted as if humans are smarter and harsher than they actually are. More importantly, the departures from rationality and selfishness are systematic – the scientific goal of behavioural economics is to understand how people actually behave.  

The course will draw on psychological/experimental research as well as formal behavioural economic models.

Programme benefits:

  • Understand the heuristics and biases that characterise key aspects of human decision making
  • Gain an overview of people's social, risk and time preferences. In particular, how a better understanding of imperfect self-control and loss aversion have revolutionised economic debates in the past decade
  • Build a deeper understanding of the foundations of behavioural finance and some of the anomalies in financial markets
  • Acquire knowledge to help navigate some of the new regulatory solutions that behavioural economists advocate, and also the possibilities and limits of libertarian paternalism.

Course description

This course will bring students up to date with modern developments in behavioural economics, with the aim of providing a clear statement of both behavioural economic thought and its implications for both firms and regulators. It will draw heavily on psychological and experimental research and formal economic models, and would appeal to those who have read about nudges or biases in the popular press but want a more disciplined understanding before applying it to their sector.

Key topics addressed:

  • Behavioural Finance: Trade, Insurance and Risk Perceptions
  • Planning over Time: Procrastination, Credit Markets, Housing, Saving and Retirement
  • Limited Social Rationality: Winner's Curse, Social Learning, Defensive Medicine
  • Libertarian Paternalism, Nudges.

Course suitability

This executive course is suitable for:

  • Professionals in the business and financial sector
  • Policy practitioners interested in applying behavioural insights to public policy.

What's included in the fee?

The fee for this executive course includes: all LSE tuition, course materials, daily lunches, coffee breaks, two complimentary networking events with fellow senior participants and full office support. You will also be awarded an LSE certificate of completion at the end of the five days.

 

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 “A very well organised programme. I enjoyed the academic nature of this particular course. Teaching staff were very knowledgeable, friendly and approachable.”

European Investment Communications Manager, Capital International Ltd, UK

 

 

 "The hard work of the lecturers paved the way to a comprehensive coverage of behavioural economics and an increasing understanding for an economic area that is developing rapidly."

Participant on Behavioural Economics and the Modern Economy

 

Previous course participants include:

  • AMP
  • Banca d'Italia
  • Banco de Mexico
  • Bayer SAS
  • Bermuda Monetary Authority
  • CastNet Ltd
  • Danish Ministry of Taxation
  • Domino's Pizza Enterprises Ltd
  • Dutch Ministry of Justice
  • EPOS Health Management
  • European Central Bank
  • Frontier Economics
  • Hetiman
  • HSBC
  • Institute for Chartered Accountants
  • Institute for Housing and Urban Development Studies
  • JP Morgan
  • Minervafoods
  • National Bank Australia
  • National Savings and Investments
  • Netherlands Authority for the Financial Markets
  • Paddy Power
  • Saudi Industrial Development Fund
  • The Executive Council
  • The San Francisco Foundation
  • UBS Financial Services
  • United Biscuits
  • Xstrata Canada Corporation
 

REGISTER YOUR INTEREST

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How to contact us

+44 (0)207 849 4615

Tel: +44 (0)20 7849 4615

Executive Summer School Office Address Details (below)

Executive Education Courses Office
Houghton Street
London WC2A 2AE

ess@lse.ac.uk

exec.courses@lse.ac.uk

 
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