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Thinking, Judgement and Decision Making (PSYC90104)
Graduate courseworkPoints: 12.5Not available in 2018
Overview
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The science of judgment and decision-making is an important emerging area of study incorporating elements of psychology and behavioral economic theory. This includes the cognitive basis of decision-making, preference formation, belief updating, and related cognitive processes, using methods from psychology, cognitive neuroscience, and economics. We will explore the biases and heuristics that can lead to bad decisions, the mechanisms of individual and group decision-making, and how we can make better decisions. We will examine “nudges” (e.g., choice architecture to encourage positive decisions), unconscious impacts on decision-making, and the latest in behavioral science to inform our understanding of judgment and decision-making. All of these theories will be discussed in relation to real-world decision scenarios.
Intended learning outcomes
- Understand the science of judgment and decision-making from a theoretical and applied perspective
- Use data and evidence from the literature to develop choice-architecture to address real-world problems
- Understand the heuristics and biases that limit our decision-making capabilities
- Understand mechanisms for improving decision-making capabilities in individuals and teams
Last updated: 3 November 2022
Eligibility and requirements
Prerequisites
None
Corequisites
None
Non-allowed subjects
None
Inherent requirements (core participation requirements)
The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.
Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home
Last updated: 3 November 2022
Assessment
Description | Timing | Percentage |
---|---|---|
Mid-semester exam of 1.5 hours consisting of a mix of multiple choice and short essay style answers
| Week 7 | 20% |
Final exam of 2 hours consisting of a mix of multiple choice and short essay style answers
| During the examination period | 40% |
Essay
| Week 10 | 40% |
Additional details
HURDLES
Attendance at more than 80% of classes is a hurdle requirement
Students must complete all components of the assessment and achieve an aggregate score of 50% in the subject to be eligible
Last updated: 3 November 2022
Dates & times
Not available in 2018
Last updated: 3 November 2022
Further information
- Texts
Prescribed texts
There are no specifically prescribed or recommended texts for this subject.
Last updated: 3 November 2022