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Regular version of the site
Bachelor 2022/2023

Choice and Decision Theory

Category 'Best Course for New Knowledge and Skills'
Area of studies: Applied Mathematics and Information Science
When: 3 year, 1, 2 module
Mode of studies: offline
Open to: students of one campus
Instructors: Sergey Demin, 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

  • Mathematical Model of the Decision Making Situation
  • Utility, Preference and Choice
  • Social Choice Theory
  • Political Decision Making
  • Polarization in parliaments: uni- and multidimensional cases
  • Networks
  • Assignment problem
Assessment Elements

Assessment Elements

  • non-blocking homework
  • non-blocking mid-term exam
  • non-blocking final exam
Interim Assessment

Interim Assessment

  • 2022/2023 2nd module
    0.2 * mid-term exam + 0.6 * final exam + 0.2 * homework