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We nudge people to learn how to make smarter economic decisions.

The School for Economic Decisions (SED) is an initiative of the Center for Behavioral Decisions (CBD) aimed at teaching people the skills needed to make more effective financial and economic decisions in the modern world. Our mission is to equip individuals with tools necessary for making strategic and rational choices in everyday life and for engaging in long-term planning, thereby improving their financial well-being.

SED distinguishes itself from traditional economics education by focusing on the practical application of economic principles in real-world decision-making. Our programs include strategic decision-making and behavioral economics, which influence economic choices. Through courses and workshops, we provide participants with tools for analyzing and modeling complex decisions.

Over the past five years, SED has organized and implemented programs aimed at promoting practical economic literacy, creating and distributing accessible literature in Armenian, and conducting school and university competitions, as well as practical workshops—all free of charge. These programs have been supported by our international partner, the Economic Fundamentals Initiative, whose contributions have been instrumental in enhancing the quality and accessibility of our offerings.

One of SED’s flagship events is the Tatevatsi Economics Olympiad, designed for high school students. This three-stage competition goes beyond testing knowledge by creating a dynamic platform for students to engage with real-world economic challenges and refine their skills in making informed and strategic decisions, which positively impacts their future.

By emphasizing the practical aspects of economic decision-making, SED helps individuals develop the skills necessary for personal financial management, business decision-making, and gaining confidence in navigating the economic landscape.

Our Mission

To enhance individuals' financial and economic literacy by fostering their curiosity and engagement with these fields.

 

Every day, we make thousands of decisions, the majority of which occur subconsciously, while others are informed by our life experiences, often requiring little to no deliberation. However, when discussing decision-making, people typically envision deliberate choices that demand considerable effort and time, depending on their significance.

Even with substantial thought and energy invested, we frequently lack confidence in the correctness of our decisions, which can sometimes result in challenges for both ourselves and those around us.

The decision-making process is inherently complex and multifaceted. Suboptimal decisions can stem from objective factors, such as global uncertainties, as well as subjective factors, such as our limited capacity to analyze situations effectively.

The School for Economic Decisions, an educational initiative of the Center for Behavioral Decisions, seeks to mitigate the impact of subjective factors contributing to decision-making errors. By fostering financial and economic literacy, it empowers individuals to make more informed, rational, and balanced choices.

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Dr Aram Ghazaryan
Founder and CEO
Center for Behavioral Decisions

Our Institutional Partners
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What We Do

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