Judgment and Decision Making
Decisions are made in an uncertain world. When making decisions, people are rarely fully informed or have enough time and mental capacity to consider fully the situation and available alternatives in order to make optimal choices. In addition to revealing the mechanisms and processes of decision making under uncertainty, the course will also analyze how detrimental these limits are for making right decisions, and how the shortcomings are compensated by people and by organizational actors. Current debates concerning judgmental biases will be discussed. In addition to the cognitive components of the decision making process, the role of emotions, social and organizational norms, fairness and equality considerations, moral commitment and social dilemma situations will be discussed. The course will focus on the application of theoretical findings in everyday life as well as in medical, legal and political decision making. The individual semesters will focus on a chosen specific aspect, new trends and methodological issues of the field.
- Shapira, Z, 2002. Organizational Decision Making Cambridge University Press.
- Kahneman , D. 2012 Thinking Fast and Slow. Farrar Straus and Giroux, New York.
- Gowda, R., Fox, J.C. 2002. Judgments, Decision and Public Policy Cambridge University Press.
- Koehler, D.J., Harvey N. 2007. Blackwell Handbook of Judgement and Decision Making Blackwell Publishing.
- Stanovich, K.E. 1999. Who Is Rational Studies of Individual Differences in Reasoning. Lawtrence Erlbaum Associates, New Jersey, London.