Choice and Decision Theory

2024/2025

Учебный год

ENG

Обучение ведется на английском языке

5

Кредиты

Кто читает:

Департамент математики

Статус:

Курс обязательный

Когда читается:

3-й курс, 1, 2 модуль

Преподаватель

Доган Эмре

Course Syllabus

Abstract

The course includes main notions and stages of decision making, uni- and multicriterial models, rationality of individual and social decisions, main notions of utility theory, choice models, and their use in applied problems.

Learning Objectives

• to familiarize students with the basic concepts, models and statements of the theory of choice and decision making

Expected Learning Outcomes

• students will be able to choose rational options in practical decision-making problems
• 3 - Have skills in analysis of game-theoretic models
• Know principles of models construction in decision analysis

Course Contents

• Introduction to decision making problem. Binary relations
• Individual decision making
• Theory of expected utility
• Multi-criterial decision making
• Collective decision making
• Non-local aggregation
• Social choice (the case of two alternatives)
• Manipulation in social choice

Assessment Elements

• Midterm
• Final Exam
• Homework
• Attendance

Interim Assessment

• 2024/2025 2nd module
  0.1 * Attendance + 0.3 * Final Exam + 0.3 * Homework + 0.3 * Midterm

Bibliography

Recommended Core Bibliography

• Fuad Aleskerov, Denis Bouyssou, & Bernard Monjardet. (2007). Utility Maximization, Choice and Preference. Post-Print. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsrep&AN=edsrep.p.hal.journl.halshs.00197186

Recommended Additional Bibliography

• Fuad Aleskerov, Daniel Karabekyan, Remzi Sanver, & Vyacheslav Yakuba. (2009). Evaluating the Degree of Manipulability of Certain Aggregation Procedures under Multiple Choices. Journal of the New Economic Association, 1–2, 37.

Authors

• DOGAN EMRE
• EGOROVA Liudmila GENNADEVNA