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On January 26, ISET hosted an Asian Development Bank (ADB) group with keynote speaker David Margonsztern, the Senior Urban Development Specialist of the Asian Development Bank (ADB). He gave a presentation entitled “The ADB’s Sustainable Transport Initiative (STI): Turning Strategies into realities”. The ADB started this project in 2010 with the priority of developing transport systems that are accessible, safe, environmentally-friendly and affordable in Asia. Mr. Margonsztern emphasized that the project is targeted to increase the share of urban transport among other means of transportation. Compared to the situation in 1970-2009, when the share of urban transport was only 2%, but after implementing the STI project, the share of urban transport increased to 18%. By 2020, the project aims to reach a 30% share for urban transport.
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Behavioral economics is one of the most notable fields of modern economics. It draws insights from psychology, sociology, biology, and other social sciences.
On 24th of November, ISET hosted Teimuraz Gogsadze, a graduate of the Class of 2011, who gave an introductory lecture in behavioral economics. Gogsadze started his talk by formally defining the scope of behavioral economics. He then discussed the antecedents and historical context of the field, highlighting the importance of psychological realism of assumptions in economic modelling before the start of 20th century and the gradual removal of psychology from economics during the first half of the 20th century.
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