MN50659: The psychology of decision making
[Page last updated: 09 August 2024]
| Academic Year: | 2024/25 |
| Owning Department/School: | School of Management |
| Credits: | 3 [equivalent to 6 CATS credits] |
| Notional Study Hours: | 60 |
| Level: | Masters UG & PG (FHEQ level 7) |
| Period: |
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| Assessment Summary: | CW 100% |
| Assessment Detail: |
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| Supplementary Assessment: |
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| Requisites: | |
| Learning Outcomes: |
Successful completion of this unit should result in participants who:
* Be able to think critically and be cognizant about the differing perspectives in the field in order to evaluate managerial decisions and actions * Enhance their self-efficacy about the challenges involved in the psychology behind decision making behaviour in organisational practices |
| Aims: | This module will introduce participants to the contemporary theories, research and practices of judgement and decision making. The core aims of the module are to enable students to gain a deeper understanding of the processes that influence choice and behaviour, and to better understand how judgements and decisions can shape organisational life and the world we live in. This module will draw upon material from disciplines that include cognitive and social psychology, organisational behaviour and managerial cognition, and will cover topics such as expert judgement and intuition. Participants will be encouraged to examine how the characteristics of the decision-maker and the immediate environment can help or hinder judgements and decisions, and to develop an informed understanding of the ability of individuals, including themselves, to make decisions. |
| Skills: | Intellectual skills
* the ability to apply subject-specific knowledge into a range of situations. * the ability to critically evaluate the relevance and rhetoric of a behavioural approach to decision thinking in different business environments. Professional skills * operate effectively both independently as well as within teams and assume leadership roles where appropriate; * be self-directed and able to act autonomously in professional decision making Practical skills * ability to identify and reflect on individual decision thinking and behaviour |
| Content: | * Rationality and Bounded Rationality * Judgement, Heuristics & Biases * Expertise (Naturalistic Decision Making, NDM) and Intuitive decision making * Making judgements and decisions about the future. |
| Course availability: |
MN50659 is Optional on the following courses:School of Management
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Notes:
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