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  • Behavioural Game Theory
MICROCREDENTIAL

Behavioural Game Theory

Enrol now
$2,271.00

START DATE

23 October

MODE

 Online

DURATION

 7 wks

COMMITMENT

 10 hrs/wk
Enrol now

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Lead Academic

Maximilian Reisner

Maximilian Reisner
Course facilitator, Economics Discipline Group

Max is a Behavioural Economist. With close to a decade of experience in both academia and industry, he is partnering with major Australian organisations to help them understand the psychology of why people act, decide, change and buy. Moreover, he guides companies on how to better communicate with the irrational brain, whether it’s fostering employee engagement or inspiring customers to develop a connection with their brand.

Max’s research looks into whether Australians trust their banks’ AI algorithms enough to forego autonomy and are willing to delegate decision-making, how commitment devices can help those struggling with self-control issues, and whether digital in-app nudges can improve credit card repayment in the private banking sector.

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By enrolling in Behavioural Game Theory, you can gain a deeper understanding of human behaviour and decision-making. Whether you're interested in understanding how to negotiate a better deal, or how to build stronger relationships with others, behavioural game theory can provide you with the tools you need to succeed. Enrol today and discover the fascinating world of behavioural game theory!

About this microcredential

Understanding behavioural game theory is relevant in business as it will help you and your organisation analyse and predict the behaviour of your customers, competitors, and stakeholders, enabling you to develop effective strategies and make optimal decisions in complex social and economic situations.

Key benefits of this microcredential

Behavioural economics examines the psychological and cognitive factors that influence individuals' economic decision-making. It combines insights from psychology and economics to understand why people make irrational choices and how these decisions impact markets and business outcomes. Understanding behavioural economics is crucial for business professionals and organisations as it helps them design effective marketing strategies, pricing models, and consumer experiences by considering the biases, heuristics, and social influences that shape their customer’s behaviour.

This microcredential has been designed to:

  • Addresses current applications of behavioural economics tools in the industry and government, specifically in settings of strategic decision making and group decision making
  • Provide insights from psychology to better understand situations of strategic interactions
  • Interpret the role of behavioural factors in strategic decision making and in decision making in groups.

This microcredential aligns with the 3-credit point subject, Behavioural Game Theory - 23711 in the Graduate Certificate in Behavioural Economics. This microcredential may qualify for recognition of prior learning at this and other institutions.

Who should do this microcredential?

This microcredential is suitable for:

  • Government policy officers, researchers and advisors
  • Banking and finance professionals
  • Marketing and sales professionals
  • Product developers and designers
  • UX/UI designers
  • Software developers
  • Human resources professionals
  • Business development managers.

Price

Full price: $2,612 (GST free)*

Special price: $2,271 (GST free)* To celebrate the launch of Behavioural Game Theory, this special price will be available until 23 October 2023.

*Price subject to change. Please check price at time of purchase. 

Enrolment conditions

Course purchase is subject to UTS Open Terms and Conditions. 

COVID-19 response 

UTS complies with latest Government health advice. Delivery of all courses complies with the UTS response to COVID-19.

Additional course information

Course outline

This course is structured into three modules. Each module includes self-study materials and facilitated online sessions. Course content will include:

Module 1

  • What is Game Theory – when do you need game theory and when not?
  • Prisoner’s dilemma
  • Ultimatum game
  • The dictator game.

Module 2

  • Strategic interactions, bias and time influence
  • Impatience
  • Case studies: receiving benefits, present bias
  • Unconscious bias
  • Present bias
  • Social norms.

Module 3

  • Social, behavioural and environmental decision-making factors
  • Incentives
  • Group decision making
  • Framing
  • Nudge
  • Sludge.

Course learning objectives

By the end of this microcredential you should be able to:

  • Provide insights from psychology to better understand situations of strategic interactions
  • Interpret the role of behavioural factors in strategic decision making and in decision making in groups.

Assessment

Assessment task 1: Online Quiz (Individual)*

  • Objective(s): addresses subject learning objectives 1 & 2
  • Weight: 35%
  • Criteria: accuracy of knowledge.

*Note: Late submission of the assessment task will not be graded; any late submissions will be awarded a mark of zero.

Assessment task 2: Essay discussing a practical case (Individual)

  • Objective(s): This addresses subject learning objectives 1 & 2
  • Weight: 65%
  • Criteria: (i) clarity of exposition, (ii) rigour of analysis.

Minimum requirements to pass this microcredential

  • Participants must achieve at least 50% of the course marks in order to pass this microcredential.

Requirements

Mandatory

To complete this online course, you will need a personal computer with adequate internet access and sufficient software and bandwidth to support web conferencing. You will also require an operating system with a web browser compatible with Canvas and Zoom.

Contact us

  • For any questions on enrolment or payment, please email support@open.uts.edu.au  
  • If you have a specific question about course content or requirements, please email business.futures@uts.edu.au.

Book a session

Mon 23 Oct 2023 -
Sun 10 Dec 2023
Expert: Maximilian Reisner
  • Online via Zoom. Click on the underlined sessions and hours total link below to reveal specific session details.
  • Online
  • 4 sessions
    Date
    Time
    Location
    Notes
    Wed 25 October 2023
    7pm to 8pm
    Online via Zoom
    Wed 08 November 2023
    7pm to 8pm
    Online via Zoom
    Wed 22 November 2023
    7pm to 8pm
    Online via Zoom
    Wed 29 November 2023
    7pm to 8pm
    Online via Zoom
$2,271.00
Error occurred while adding to cart

Enrolments close at 9am, 23 October 2023 AEDT, or when all places have been filled, whichever occurs first.

 

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