Social Decisions—Competition and Coordination
Lecture no. 17 from the course: Behavioral Economics: When Psychology and Economics Collide
Taught by Professor Scott Huettel | 30 min | Categories: The Great Courses Plus Online Economics & Finance Courses
Now consider how the decision process changes when we coordinate our decisions with others. In doing so, encounter the elements of game theory, which models interactions during strategic decision making. Study the challenges involved in small group decisions, the role of emotion in their outcomes, and recommendations for navigating interpersonal decisions.