The war has brought enormous uncertainty into our lives. It makes it much harder to make decisions, both everyday decisions (Should I go to the shelter during an alarm if a MiG has taken off somewhere?) and long-term strategic decisions (My city is being shelled periodically. Is it time to evacuate or not?). We don't have time to process the huge amount of information we receive every day, and therefore often don't know how to act in a given situation. However, we still make some decisions, not necessarily the best ones. How does this process work?
In the course " Wartime Behavioral Economics" we will analyze this complex and unobvious way of making decisions when there are many unknowns. We will show the role of cognitive illusions and biases and explain how they help us filter, process and interpret the facts around us. We will also test the limits of our own rationality. By understanding the nature of cognitive distortions in ourselves and in our partners, we will be able to become more organized and self-aware and understand how to make better and more effective decisions.
Start: TBA
Duration: 2 days x 4 hours
Location: AUK campus in Kyiv (1, Poshtova Ploscha)
Language of instruction: Ukrainian
Participation fee: $129 (paid in UAH at NBU rate)