Three Perspectives on Judgment and Decision Making: Seminar

Catalog description

This course is designed to help you become a better decision maker. By the end of the semester, you should have the skills to approach decision making from a broader perspective with new tools and a new awareness of many common errors and biases. You will learn about normative decisions (how people should make choices if they want to use principles of rationality, logic and probability), descriptive decisions (how people really do make decisions) and prescriptive decisions (how people can make better decisions given normative principles and what we know about human behavior). We’ll discuss the theoretical foundations of the field, some of the key empirical insights. We’ll discuss what it means to have good judgment and how experts and novices differ. We look at decision making in such as public policy, medicine, the law, business, and intelligence analysis. Decision making is something we do every day, many times a day. It is so natural that some people don’t even realize they are doing it. Many of the insights from this field have real-world implications.