Decision Making & Judgement

LEARNING OUTCOMES (KNOWLEDGE, SKILLS AND COMPETENCIES TO BE DEVELOPED BY STUDENTS

Description

Behavioral decision-making is the study of how people make decisions. The purpose of this course is to provide students with an introduction and overview of research in behavioral decision making with an emphasis on work that has been influential in behavioral economics in various applied domains, such as consumption, health and the environment. This is an interdisciplinary field that draws on knowledge in psychology and economics and that has many practical applications

SYLLABUS

1. Introduction: Judgement and decision making in psychology and economics: lessons from human history.
2. Models of Choice: Decision making and social judgment under uncertainty.
3. Dual models of judgment and decision making and alternatives.
4. Moral judgment and decision making
5. Individual differences and age differences in judgment and decision making.
6. Emotion, affect reason and uncertainty in everyday risk perceptions.
7. The role of numeracy in judgments and decision-making.
8. Applications of judgment and decision making in consumer, environment, and health domains