The course provides an introduction to the main issues of managerial decision-making and learning. The aim is that after the course you will (1) improve your decision making skills and (2) be able to understand the basic concepts and frameworks of decision theory. The course is structured around the following topics: (1) decision making under certainty, (2) limitations to rationality, (3) decision making under risk, (4) decision making under uncertainty, (5) learning, and (6) intuition.
Final Exam (65%), Presentation (15%), Participation and Experiments (20%)
A recommended reference book is “Judgment in Managerial Decision Making” by Bazerman and Moore, 8th Edition, 2014.