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2018/19 Taught Postgraduate Module Catalogue

LUBS5867M Management Decision Making

10 creditsClass Size: 100

Module manager: Nicola Bown
Email: N.J.Bown@lubs.leeds.ac.uk

Taught: Semester 2 (Jan to Jun) View Timetable

Year running 2018/19

This module is not approved as an Elective

Module summary

Indicative content:Introduction to decision research, decision framing and prospect theory; judgmental heuristics and biases and ways of debiasing/improving judgement; risk perception and risk communication; structured approaches to decision aiding, decision trees, risk analysis, SMART and scenario planning.

Objectives

Decision making is a key management function. Participants will obtain an understanding of the thinking processes that underlie their own and others’ judgement and decision making, the judgmental errors and decision biases that commonly arise, and strategies for improving decisions. They will also evaluate a number of approaches to structured decision aids.

Learning outcomes
Upon completion of this module students will be able to critically evaluate:
- the thinking processes which underlie participants own and others’ judgement and decision making, including the distinction between System 1 and System 2 thinking
- different types of errors / biases in human judgement/decision making and ways in which these can be overcome
- the use of structured decision aids designed to improve the quality of human decision making and ways to implement them in management and other situations on the basis of experience gained on the module

Skills outcomes
Upon completion of this module students will be able to:
Transferable
- analyse and think critically
- communicate in writing at an advanced level
- make and influence decisions both individually and in groups
- effectively negotiate
- appraise, manage and communicate risk

Subject specific
- Use decision making concepts and language to reflect upon and evaluate their own thinking/decision making processes and those of others around them


Syllabus

Introduction to decision research, decision framing, prospect theory and the frame analysis worksheet; judgmental heuristics and biases and ways of dibiasing/improving judgement; risk perception and risk communication; structured approaches to decision aiding, decision trees, risk analysis, SMART and scenario planning.

Teaching methods

Delivery typeNumberLength hoursStudent hours
Workshop37.0021.00
Private study hours79.00
Total Contact hours21.00
Total hours (100hr per 10 credits)100.00

Methods of assessment


Coursework
Assessment typeNotes% of formal assessment
Assignment3,000 words100.00
Total percentage (Assessment Coursework)100.00

The resit for this module will be 100% by 3,000 words coursework

Reading list

The reading list is available from the Library website

Last updated: 12/12/2018 10:48:54

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