Theories in Decision Sciences

Course content

Decision making is one of the fundamental processes of human cognition system. It practically lies in the heart of every human activity ranging from the most basic survival activities in the environment to the highly sophisticated activities of strategic planning and tactics formation. This course is intended for PhD-level and aims to convey the core concepts and theories related with the scientific approach to judgement and decision making, incorporating the interdisciplinary inquiry received from the multitude of areas including psychology, business administration, statistics and economics. Topics to be covered include rationality & managerial decision making, dual-system theory, bounded rationality, fast-frugal heuristics, heuristics and biases, social judgement theory, prospect theory, subjective probabilities, the perception of risk and group decision making processes.