Amsterdam, Netherlands

Economics: Behavioural Economics and Game Theory

Master's
Table of contents

Economics: Behavioural Economics and Game Theory at University of Amsterdam

Language: EnglishStudies in English
Subject area: economy and administration
Time study: 1 year
University website: www.uva.nl/en

Definitions and quotes

Economics
Economics () is the social science that studies the production, distribution, and consumption of goods and services.
Game
A game is a structured form of play, usually undertaken for enjoyment and sometimes used as an educational tool. Games are distinct from work, which is usually carried out for remuneration, and from art, which is more often an expression of aesthetic or ideological elements. However, the distinction is not clear-cut, and many games are also considered to be work (such as professional players of spectator sports or games) or art (such as jigsaw puzzles or games involving an artistic layout such as Mahjong, solitaire, or some video games).
Theory
A theory is a contemplative and rational type of abstract or generalizing thinking, or the results of such thinking. Depending on the context, the results might, for example, include generalized explanations of how nature works. The word has its roots in ancient Greek, but in modern use it has taken on several related meanings.
Economics
Economics is a subject that really relates to core aspects of human well-being, and there’s a methodology for thinking about these things. This was a very appealing combination to me. Market systems are capable of massive breakdowns that can result in long, devastating periods of high unemployment. And I felt that economists had really learned something about how to address that.
Janet Yellen, in "The Hand on the Lever" in The New Yorker (July 21, 2014) by Nicholas Lemann
Theory
Practical life is not necessarily directed toward other people, as some think; and it is not the case that practical thoughts are only those which result from action for the sake of what ensues. On the contrary, much more practical are those mental activities and reflections which have their goal in themselves and take place for their own sake.
Aristotle, Politics, VII, 3, 8, 1325b16-20
Game
All my games were political games; I was, like Joan of Arc, perpetually being burned at the stake.
Indira Gandhi, as quoted in The New York Times Biographical Service (1971), Vol. 2, p. 4027.
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