Excerpt from course description

Judgment and Decision Making in Organisations

Introduction

Despite the fact that decision-making is an integrative part of most managers' professional lives, most managers have never had any systematic training in how to make decisions. Judgment and decision making research shows that decision makers repeatedly make the same types of mistakes and errors when making decisions. By focusing on decision-making failures and how decisions are actually made by individuals, groups and organizations, the objective of this course is to improve participants' ability to make decisions and organize for decision making processes, as well as their capacity to observe and learn from decision-making processes.

Course content

  • The psychological foundations of judgment and decision-making
  • Problem formulation and psychological context
  • Normative and descriptive models of individual judgment and decision making
  • Cognitive heuristics and biases
  • Individual differences in judgment and decision-making
  • Group dynamics and group decision-making
  • Strategic and organisational decisions
  • Decision making tools

Disclaimer

This is an excerpt from the complete course description for the course. If you are an active student at BI, you can find the complete course descriptions with information on eg. learning goals, learning process, curriculum and exam at portal.bi.no. We reserve the right to make changes to this description.