Modulhandbuch (Module manual)

M.184.5160 Behavioral and Experimental Economics for Managerial Decision Making
(Behavioral and Experimental Economics for Managerial Decision Making)
Koordinator (coordinator): Prof. Dr. Wendelin Schnedler
Ansprechpartner (contact): Changkuk Im (changkuk.im[at]uni-paderborn.de )
Credits: 10 ECTS
Workload: 300 Std (h)
Semesterturnus (semester cycle): WS
Studiensemester (study semester): 1-4
Dauer in Semestern (duration in semesters): 1
Lehrveranstaltungen (courses):
Nummer / Name
(number / title)		 Art
(type)		 Kontaktzeit
(contact time)		 Selbststudium
(self-study)		 Status (P/WP)
(status)		 Gruppengröße
(group size)
a) K.184.51601 / Behavioral and Experimental Economics for Managerial Decision Making P
Wahlmöglichkeiten innerhalb des Moduls (Options within the module):
Keine
Empfohlene Voraussetzungen (prerequisites):
Zur Zeit sind keine Voraussetzungen bekannt. (No conditions are known.)
Inhalte (short description):

​

This module theoretically and experimentally studies topics in consumer behavior. In addition, the module discusses how to design an experiment that aligns with one's research topic. This includes determining which experimental tools to use when running experiments, which statistical tools to use when analyzing experimental data, and/or how many participants to recruit based on power analysis/pre-analysis results. This connects to how to do a pre-registration, which has become popular recently. The assignment can be done individually or as a group (2-5 people). Students can freely form a group.​ A (tentative) outline of the module is:

Week 1: Introduction

Week 2-5: Decision theory, Incentive compatibility, Elicitation methods

Week 6-9: Salience theory, Prospect theory, Menu-dependent choice models

Week 10-13: Hypothesis test, Statistical test, Simulation, Pre-registration

Week 14-15: Programming and feedback​


Lernergebnisse (learning outcomes):
Fachkompetenz Wissen (professional expertise):
Studierende...
  • ​theoretically and experimentally analyze consumer behavior.
  • understand the theoretical backgrounds of experimental tools.
  • determine which statistical tools to use for their experimental data.
  • know how to write a pre-registration document before running their experiments.


    • Fachkompetenz Fertigkeit (practical professional and academic skills):
    Studierende...
  • ​can understand various consumer models, such as salience theory, prospect theory, and models related to menu-dependent choices.
  • can provide theoretical reasons for payment mechanisms and elicitation methods used in their experiments.
  • can determine which statistical tools to use based on their experimental design.
  • can write a pre-registration document based on a power analysis, simulated model selection accuracy, and/or other pre-analysis results.


    • Personale Kompetenz / Sozial (individual competences / social skills):
    Studierende...
  • ​can present their research ideas to others.
  • can provide constructive feedback on others' research ideas.
  • may collaborate with others.


    • Personale Kompetenz / Selbstständigkeit (individual competences / ability to perform autonomously):
    Studierende...
  • ​can critically review research papers
  • can find their own research idea.
  • can design their own experiment.


    • Prüfungsleistungen (examinations)
    Art der Modulprüfung (type of modul examination): Modulabschlussprüfung
    Art der Prüfung
    (type of examination)    		 Umfang
    (extent)    		 Gewichtung
    (weighting)
    a) Hausarbeit 10-20 pages 100.00 %
    Studienleistung / qualifizierte Teilnahme (module participation requirements)
    Nein
    Voraussetzungen für die Teilnahme an Prüfungen (formal requirements for participating in examinations)
    Keine
    Voraussetzungen für die Vergabe von Credits (formal requirements for granting credit points)
    Die Vergabe der Credits erfolgt, wenn die Modulnote mindestens „ausreichend“ ist
    Gewichtung für Gesamtnote (calculation of overall grade)
    Das Modul wird mit der Anzahl seiner Credits gewichtet (Faktor: 1)
    Verwendung des Moduls in den Studiengängen (The module can be selected in the following degree programmes)
    M.Sc. Betriebswirtschaftslehre
    M.Sc. International Business Studies
    M.Sc. International Economics and Management
    M.Sc. Management
    M.Sc. Management Information Systems
    M.Sc. Taxation, Accounting and Finance
    M.Sc. Wirtschaftsinformatik
    Umfang QT (participation requirements):
    Lernmaterialien, Literaturangaben (learning material, literature):
    Teilnehmerbegrenzung (participant limit):
    Keine
    Sonstige Hinweise (additional information):
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