Behavioural Economics and Learning Theory (#MSLFM11)
Economics is better defined as a study of incentives that guide or determine human behaviour. Nobel Laureate, Daniel Kahneman, laid down the foundation of behavioural economics. Elinor Ostrom work on Social Commons got her a Nobel. Behavioural Economics and Social Commons view is the new direction economics is taking and both these trends can also be extrapolated to the field of education. Social Commons in the field of education include Wiki, MIT-OCW and initiatives like…