Decision Making and Problem Analysis

Catalog description

This course will discuss Decision Making from various perspectives including Psychological Decision Making, Behavioral Economics with its Rational Agent Theory and Utility Theory. The course will cover various decision-making techniques, the concept of a decision maker and group decision making process in various business and non-business contexts. The course will also focus on the decision problem analysis and problem decompositions. Students will practice writing problem statements and select widely defines widely defined approaches to problem-solving. Grade: LT