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Regular version of the site
Bachelor 2024/2025

Choice and Decision Theory

Area of studies: Applied Mathematics and Information Science
When: 3 year, 2 module
Mode of studies: offline
Open to: students of one campus
Instructors: Emre Dogan
Language: English
ECTS credits: 5
Contact hours: 60

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

Learning Objectives

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

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

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

Assessment Elements

  • non-blocking Midterm
  • non-blocking Final Exam
  • non-blocking Homework
  • non-blocking Attendance
Interim Assessment

Interim Assessment

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

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 LYUDMILA GENNADEVNA