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Thinking, Judgement and Decision Making (PSYC90104)
Graduate courseworkPoints: 12.5On Campus (Parkville)
About this subject
- Overview
- Eligibility and requirements
- Assessment
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Contact information
Semester 1
Dr Stefan Bode
Overview
Availability | Semester 1 |
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Fees | Look up fees |
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