2022/23 Taught Postgraduate Module Catalogue

LUBS5958M Behavioural Aspects of Management Decision Making

Module manager: Prof Barbara Summers
Email: bs@lubs.leeds.ac.uk

Taught: 1 Mar to 30 Apr View Timetable

Year running 2022/23

This module is not approved as an Elective

Objectives

To provide students with an understanding of the thinking processes that underlie their own and others’ judgment and decision making, the judgmental errors and decision biases that commonly arise, and strategies for improving decisions.

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 how these can be overcome
- the different conceptions of risk and its perception, and the implications of these for effective risk communication
- a range of structured decision aids designed to improve human decision making at both theoretical and practical levels
- Assess the relevance of the issues presented above for managerial decision making in general, and for participants’ own professional and personal decision making in particular

Syllabus

The following is the indicative syllabus
1. Normative and descriptive models of decision making
2. Information gathering and processing evidence
3. Prospect theory
4. Risk perception and communication
5. Decision aids

Teaching methods

Delivery type	Number	Length hours	Student hours
Workshop	10	2.00	20.00
Private study hours			130.00
Total Contact hours			20.00
Total hours (100hr per 10 credits)			150.00

Private study

Pre and post session reading
Workshop preparation

Opportunities for Formative Feedback

Participants will receive verbal feedback during seminars on the contribution made to seminar discussion.

Reading list

There is no reading list for this module

Last updated: 06/05/2022

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