Managerial Decision Making

Description

Lecture, three hours. Introduction to principles of rational judgment and choice, common behavioral biases of managers and consumers, and corrective tools and procedures, drawing heavily on disciplines of psychology and behavioral economics. Topics include decision structuring, chance processes, forecasting, confidence, likelihood judgment, risk perception and risk-taking, decision under uncertainty, multiattribute … For more content click the Read More button below.

Lecture, three hours. Introduction to principles of rational judgment and choice, common behavioral biases of managers and consumers, and corrective tools and procedures, drawing heavily on disciplines of psychology and behavioral economics. Topics include decision structuring, chance processes, forecasting, confidence, likelihood judgment, risk perception and risk-taking, decision under uncertainty, multiattribute choice, framing and mental accounting, intertemporal choice, allocation decisions, organizational decision making, choice architecture, happiness, and well-being. S/U or letter grading.

Instructional Format

Primary Format

Lecture

General Catalog 2022-23