CourseBusiness
Decision Making
By External Provider
About this course
In this course, you will learn the concept of decision making from the rational and psychological points of view. We will discuss the limits to rationality; the interplay between emotional thinking and rational thinking when making decisions; the systematic errors provoked by our cognitive biases and by the use of heuristics; the role of emotions and intuition in decisions; the aleatory errors (noise); and possible remedies and leverage on all these aspects when making decisions.
What you will learn
- Clarify the concept of decision-making in the context of organizations and its relevance for the managerial role.
- Understand what are rational decisions, decision processes, decisions under risk, and the limits to our rationality in decision-making
- Learn how to apply techniques to improve decision quality, such as PROACT, Decision Trees, Certainty Equivalent, Problem Solving Cycle, and MAP.