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Faculty: Max Bazerman
Perhaps the most important practical development in the social sciences in the last 50 years has been the development of idea of creating an architecture for changing the environment to lead humans to better decisions through "nudges" (Thaler and Sunstein, 2008). The fields of behavioral economics and psychology have become integrated into governments through this work. Established in 2010 and directed by David Halpern, the Behavioural Insights Team (BIT) was set up in the heart of the British Government to apply behavioral economics and psychology to policymaking. BIT works with a variety of partners both in government and in industry to implement nudges. They have led interventions in a variety of domains, including tax collection, charitable giving, education, and employment. In this course, students will obtain a basic understanding on behavioral decision research and behavioral economics; muster what we know about decision architecture - or "nudging"; and apply these ideas to a group project with their client from local or national government in the United Kingdom. This course will be of particular interest to students with an interest in obtaining a basic understanding on behavioral decision research and behavioral economics, and mastering knowledge of decision architecture, or "nudging." All students will work on actual projects connected to the UK Government. There is a mandatory fee for this course of $2,500. To apply, send a document no longer than one-page, double-spaced to email@example.com explaining your interest in the course by August 26, 2016.