Human behaviour personally relevant or socially implied has lots of implications especially when our discussions concern economic or political choices. The potentialities of these choices can then by analysed for the purpose of delivering important social or entrepreneurial goals. Myriad studies and courses exist on various platforms which can greatly expand our knowledge on Human economic behaviour. This blog will lay its emphasis upon five courses that speak upon these issues. The reviews will stress upon their entrepreneurial relevance and key business implications.
- Human Behavioural Biology Course – Professor Robert Sapolsky in this enthralling lecture series takes us to the very core of our biological structure and its motivations for working in the way it does. Engaging his Stanford students he also puts them through an incessant barrage of questions concerning different circumstances and their associated responses. The relevant outcomes of their preferential choices then are analysed and their biological underpinnings highlighted in minute detail. It serves in a great way our understanding of our very own biological impulses and decisions we take in lieu of them. Human choices necessarily have a distinct neural source and that can be understood in priori of these developments.
Entrepreneurial decisions can be better informed and deliberated if we take into account the biological factors involved in human choices. Their tastes and preferences with their evolutionary structure and systemic responses can have a direct impact upon the entrepreneur’s decision making ability and these behavioural tendencies must be employed for a better performing strategy outcome. These nuances can help in providing a better understood and analysed development models which can help the people at large.
Beneficiary results could be derived from the inclusion of a wide variety of biology related topics and their fundamental principles. Taking guidance or under the influence of their stimuli human make choices or have preferences or are necessitated into some form of action which again is a choice , if only it could be studied their implications well understood it could be of a great help to the entrepreneur who has socioeconomic motives for the people among other things. Professor mulls over various other things which could be of great help once they are tailored and suit well the desired motives of the person concerned. Neuroscience, endocrinology and other associated things have been lectured upon extensively in this course. Optimized behaviour and its measurement seems to be the underlying goal of this lecture series. Logic and its various discerning faculties its requirement therefore.
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- A Brief History of Humankind – One of the world’s foremost historian and public intellectual dives deep into the history of Homo Sapiens as a species with its fuzzy and obscure beginning and its meteoric rise thereof.
Serialized lectures meant for a step by step uncovering of the very roots of the Human mind and the place it has brought us to ,the reasons for these developments and its anthropological implications, the designing of human societies, the motives behind them and the processes involved in it have all been deliberated upon in a wise manner. Discussions revolve around the understanding of humans and its species from a keen historical lens. Its historical imperative bring forth numerous facts and figures relevant to our current discourse on human behaviour and predictions arising from the context thereof.
The development of the intellect , of the tool making man , of the language and writings associated with this species has been blended very well with its logical, evolutionary underpinnings, by the master storyteller.
Entrepreneurial ideas can nevertheless be churned out from the stories of the past. His constant, routine focus upon the tool making individual not just of the physical but also of the abstract has important technological ideas floating around it. The underlying objectives of the ideas , the explanation of their causations and operating in a tense environmental setting catches hold of our need to persevere and survive successfully. It also paves the path for future developments concerning abstract ideas systematization and the building up of novel ways to solve some very problematic issues right in the face of humanity. The societal and economic systems with their distinct formations could also lay forward ideas and conceptions that relate heavily to the genesis of our technological moorings. Decision making abilities and the discerning functions of human beings has also been commented upon extensively. Their necessary implications talked about in great detail. An entrepreneurial system of thought can be derived from this series besides its obvious historical nature.
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- Course on Behavioural Economics- Professor Frank Schilbach very lucidly takes us through a 23 recorded lecture series in a highly engaging manner. The aim of the lecture which he clarifies initially is to help students in making important decisions, about the role of psychology in economic models , its quantitative effects in society. Developing and encouraging in students a holistic attitude towards life and helping the downtrodden and the weak, people who suffer greatly as a result of substance abuse, to care about their well-being especially when it comes to mental health. Poverty alleviation along with numerous socio-political imperatives seem to be the motivation of the dialogue he has with students.
In this lecture he lays his primary emphasis upon the intersection of psychology and economics and its various forms people encounter in their daily lives. The correlation factors and the elemental knowledge of its behavioural effects have been commented upon. Apart from this various preferences , their conditioned applicability in divergent situations have been rigorously understood in its earlier parts. The modular nuances and systematic optimizations of the observed results for a purposeful investigation into the human behaviour and its understanding have also been looked deeply in the various thought experiments he has with his students. Deep thinking and situational intelligence have also been assessed in a well refined manner.
Supplementary information regarding the exposition on innovation can be easily derived from the discourse. The techniques he meant and implied seem quite interesting. They consist of understanding the basic precepts of psychology and the differences in tastes, the changing of these values in relation to time and space, the quirky attitudes humans display sometimes , the reasoning for them and the like. The notions that people gather overtime and their economic implications on an individual and society at large seem to be the talking matter of this dialogue. The ramifications that the psychological situations have on people’s decision making with its various stabilities and diversions also can help an entrepreneur in guaging the problems and their size as and when he is working with. Differentiated views and their assimilation in this psychological-economic context could be the provisional outcome of this study
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- Course on Human behaviour at IIT Guwahati- Professor Naveen Kashyap herein explains in minute details the firmaments which make the human mind the way it is and also lists various factors which affect its functionings in different scenarios. Not just the behavioural tendencies ,he also proposes the understanding of the complexity of human mind . The methodologies that are in operation when a human is placed in different circumstances have all been accounted for.
He elucidates various demonstrative examples for his reasoning. The study of mental processes and the nature of the action produced thereof seem to be the congenial objective of this lecture series. The philosophical underpinnings and the belief systems of humans have also been incorporated into the study for arriving at a proper conclusive theory on human psychology. The multiplicity of causes for a single act have been commented upon, their relation to a person’s intelligence, beliefs and situational provisions have been mulled upon too in a serious manner. The optimisation of these factors and regulating these behaviours could raise an immense possibility for persons working upon important ideas related to them. Furnishing important solutions, providing various sorts of assistances to people in need could help drive innovative business solutions.
Nature of our psychological problems and associated analysis of the same must take place. Regarding the refinement of our knowledge about the mind it could lead us to important points especially when it comes to the behavioural aspects and environment influenced decisions on their economic thinking. Relevant sensibilities revolving around the conditioning of the mind and its sociological impacts have also been taken into consideration. The utility of the product with its intrinsic value to the consumers must occupy an important place in the minds of the entrepreneurs. Predictions involving these factors could then be aptly applied to various models that aim to solve tangible problems related to us.
The motive thus decidedly becomes the understanding of the nature of our consciousness and its content. The psychological issues could then be better handled and deliberated upon only if we can have a keen insight into the same and this lecture seems do it in a brilliant manner.
Course link – Click here.
- Behavioural Finance and the Role of Psychology course at Yale- Nobel Laureate Professor Shiller substantiated in a measured way the pertinence of psychology in the field of finance. A multifaceted individual and characteristics he displays and the episodic behavioural nuances he presents seem to be his concern in the lecture delivered at Yale. Humans operate in numerous limitations and conditioned spaces. Language, other people , limitation of thoughts and feelings constrict the human in innumerable times. These in turn regulate his behaviour thus the outcomes of his action. It chains the individual to act in a particular way which may seem absurd but the individual retains some rightness in the actions he commits himself to. Logical applicability especially when it comes to finance and related fields seem to conflate various strands of knowledge and information the person then has.
So herein Professor Schiller emphasis the moral and philosophical background from which the individual operates in a contextual setting, his motivations and his beliefs all construely tied with each other. The different facets of an individual, his intellect, the emotional quotient, the different states of consciousness he goes through while performing the activities all of them are taken into consideration. The errors and mistakes a person commits could be of great help to the other in seeing one’s own mistakes and thus rendering them impossible to occur in one’s own life. Finance comprises within itself a well assuaged monetary understanding and its wise use in important activities thereof. Well balanced budget with a prioritised list of objectives and necessary actions in financial matters seems to be of utmost importance to his thought. The judgements of people, their associated biases and factors leading them up to those very conclusions have been dealt with. The regulatory factor and the human need for Control seems to be his major concern in the discussion. Nuances have all been studied and graphical representation of the sales deserves much praise, the topic of praise worthiness again being a point in his lecture.
Course link – Click here.
The conclusive part of this blog must appreciate and condone the thoughtful and incisive lecture series of these academicians. Their study of human behavioural aspects pave the way for us for a greater understanding of our own brains and lives. The financial scrutiny they offer is of utmost importance to us and it must render our entrepreneurial lives to rise significantly as a result.