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Seminar: Behavioral Economics

The focus of this course is the study of ethics in a business context. It combines ethical philosophy with empirical and case studies to understand (un)ethical behavior in a business context and apply and evaluate ethical arguments to dilemma situations.
Course code
Course type
BSc Course
Weekly Hours
FS 2024
Juniorprof. Dr. Rainer Michael Rilke
Please note that exchange students obtain a higher number of credits in the BSc-program at WHU than listed here. For further information please contact directly the International Relations Office.

This seminar in Behavioral Economics offers a focused study of how psychological factors impact economic decision-making. It provides an academic exploration of various behavioral theories and principles, including Prospect Theory, Loss Aversion, Motivated Reasoning, Social Norms, Mental Accounting, Hyperbolic Discounting, Information Avoidance, and Social Preferences. Through a combination of theoretical study and practical case analysis, students will gain insights into how individuals and groups make economic decisions, often deviating from the predictions of traditional economic models. The seminar aims to equip students with a deeper understanding of these behavioral concepts, fostering a critical approach to analyzing economic behaviors in real-world contexts.

A preliminary syllabus can be found here.

Date Time
Thursday, 15.02.2024 08:00 - 11:15
Tuesday, 12.03.2024 08:00 - 18:00
Research Paper (60 points), Class Presentation (30 points), Discussion by Peer Group (10 points)
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