In this course, you will learn the concept of decision making from the rational and psychological points of view. We will discuss the limits to rationality; the interplay between emotional thinking and rational thinking when making decisions; the systematic errors provoked by our cognitive biases and by the use of heuristics; the role of emotions and intuition in decisions; the aleatory errors (noise); and possible remedies and leverage on all these aspects when making decisions.
What you'll learn
understand the concept of decision making from rational and psychological viewpoints
identify and analyze cognitive biases that influence decision making
recognize the role of emotions in decision processes
apply strategies to improve decision making and reduce biases