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PS52057: Psychological and economic perspectives into decision making

[Page last updated: 22 August 2024]

Academic Year: 2024/25
Owning Department/School: Department of Psychology
Credits: 20 [equivalent to 40 CATS credits]
Notional Study Hours: 400
Level: Masters UG & PG (FHEQ level 7)
Period:
Semester 1
Assessment Summary: CWES 67%, CWRI 33%
Assessment Detail:
  • Literature review (CWRI 33%)
  • Research proposal (CWES 67%)
Supplementary Assessment:
Like-for-like reassessment (where allowed by programme regulations)
Requisites:
Learning Outcomes: Build insights from a continued development of an inter-disciplinary perspective (between psychology and economics) Explore and appraise key theories and concepts within behavioural economics Identify and evaluate core areas where theoretical models of judgement and decision-making either have been or potentially can be applied to real-world problems Examine the process of designing interventions and experiments with relevance to investigating decision-making Critically assess empirical behavioural interventions and experiments Approach new problems and show how insight from psychological and economic science can be brought to bear on them


Synopsis: Begin your development of an interdisciplinary perspective of human decision-making, drawing from theory and research within Psychology and Economics. You'll learn about how this synthesis can be used to create predictive models of human choice behaviour.

Content: This unit might include the following topics: Heuristics and biases Prospect theory Dual process theory and strategy selection Social preferences Social norms and influence Intertemporal decision making Boosting and advice taking Framing, interventions, and nudges How to design and run experiments in economics and psychology

Course availability:

PS52057 is Compulsory on the following courses:

Department of Psychology

Notes:

  • This unit catalogue is applicable for the 2024/25 academic year only. Students continuing their studies into 2025/26 and beyond should not assume that this unit will be available in future years in the format displayed here for 2024/25.
  • Courses and units are subject to change in accordance with normal University procedures.
  • Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.
  • Find out more about these and other important University terms and conditions here.