February 2023

Economic theory tells us how rational players should behave. Social psychology shows us how people actually behave — often irrationally because of a combination of various psychological tendencies called “biases”.

This program will combine rational man models in economics with foolish man models in psychology to answer the following important questions:

• How do various behavioral models combine to produce bad judgments in running a business, and also in making investment and important life decisions?
• What are the various antidotes available for overcoming the behavioral biases which combine to produce irrational behavior?
• How does the field of psychology help us understand the irrational pricing of assets in public and private markets?
• How to design and implement investment strategies which take advantage of specific types of market inefficiencies?
• How do astute business managers synthesize microeconomics and social psychology to create and maintain a competitive advantage?

The program is about developing the right-thinking style to become more rational. While this has many useful applications and investing wisely is one of them, if you are contemplating attending this workshop to find ways to get rich quickly, then please do not apply as you will be disappointed.

The program is not suitable for traders or for people looking for stock tips.

This program is for curious, open-minded participants who have a deep interest in decision-making processes (especially in the field of business analysis and investing) and how to improve their decision frameworks. This interest will be evaluated in the application materials submitted by the participants.

• INR 45,000 plus GST (INR 53,100) which includes tuition, course materials, meals and on campus accommodation.
• Fee does not include travel and other incidental expenses.
• Candidates need to submit the application form online and mail the payment to FLAME. Only cheques will be accepted as a payment method.
• The cheque payment must reach FLAME by the application deadline. Kindly note, even if the application is submitted, but the payment does not reach FLAME by the application deadline, the application will be deemed incomplete and annulled.
• Cheques should be made payable to ‘FLAME University’.
• Cheque should be dated 17th January, 2023. Candidates should write their name and the program they have applied for behind the cheque.
• Cheques should be mailed to ‘FLAME University, Gat No. 1270, Lavale, Off. Pune Bangalore Highway, Pune - 412115, Maharashtra, India.
• Candidates are requested to use preferred courier services such as Speed Post or Blue Dart.

• In the event that FLAME University is unable to provide the program, all fees will be fully refundable.
• For selected candidates:
  • If request for withdrawal is received before and up to January 22, 2023, full amount of the fee paid shall be refunded.
  • If request for cancellation is received after January 22, 2023, 10% of the fee paid shall be refunded. GST on cancellation will be applicable.

FLAME offers 60 acres of tranquil space, just 13 kms. from the Pune University main gate. It is an eco-friendly campus adjoining a 18-hole golf course. FLAME has an international sized cricket ground, football, tennis, basketball and volleyball courts, outdoor Olympic sized swimming pool, track and field, futsal and handball at their disposal. A fitness and conditioning studio, badminton courts, billiards tables, squash courts, table tennis, carrom and chess ensure that FLAME’s sports facilities are second to none.

Its academic spaces include lecture theatres, conference rooms, a library, a performing arts studio, a visual arts studio, a sculpture studio, Physics, Chemistry and Biology labs, and amphitheatres. Some of the other amenities include cafes, Wi-fi connectivity, an infirmary and an ambulance in case of emergency.

During the duration of the program, participants are encouraged to explore the campus and use the facilities FLAME offers.