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Introduction to Behavioural Economics: Employee and Customer Behaviour

Offered By: FutureLearn

Tags

Psychology Courses Behavioral Economics Courses Human Behavior Courses Team Management Courses

Course Description

Overview

Gain the skills to motivate positive behaviour change

On this three-week course, you’ll gain the skills to push for positive behavioural change in your work place.

Guided by Paul Dolan, Professor of Behavioural Science at the London School of Economics and Political Science, you’ll learn how to promote positive behaviour change in your employees through effective incentives.

Through an exploration of incentivisation, default behaviours, and commitment, you’ll learn how you can use this understanding to motivate positive behaviour change in both your employees and customers.

Explore different types of incentives

To help you choose the right incentive for your context, you’ll explore the different types, such as financial and pro-social, and assess the success of each incentive in affecting behaviour change.

Next, you’ll learn the difference between incentives and commitments and explore how you could use commitment pledges to change behaviour in the workplace.

Discover the role of mental accounting

You’ll be introduced to reference points and mental accounting to understand how they affect the success of your incentives.

Through this exploration, you’ll discover how they exert influence and why they work so effectively in anything from pension choices to hospital care.

Understand key learnings in behavioural science

By the end of the course, you’ll understand the behavioural economic factors that can influence your employees and customers.

This course is designed for anyone who wants to learn more about human behaviours and needs.

It will be particularly useful if you are a professional managing, building, or developing a team.

If you want to deepen your understanding of this subject, you may be interested in these courses. They feature similar subject matter and share the same overall learning outcomes:

  • Social Psychology: Employee and Customer Behaviour
  • Cognitive Psychology: Employee and Customer Behaviour

Syllabus

  • Incentives
    • Welcome
    • Sticks and carrots for behaviour change
    • Quirks of incentives: reference points
    • Quirks of incentives: time and risk preferences
    • Crowding in and out, extrinsic vs intrinsic motives
    • Wrap up
  • Commitments
    • Commitment
    • Commitments in practice
    • Soft and hard commitments
    • MINDSPACE in Practice
    • Wrap up
  • Defaults
    • Commitment
    • Defaults and pensions
    • Why do defaults work?
    • Defaults and the ethics of nudging
    • Wrap up

Taught by

Paul Dolan

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