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HU Credits:
2
Degree/Cycle:
1st degree (Bachelor)
Responsible Department:
Business Administration
Semester:
1st Semester
Teaching Languages:
Hebrew
Campus:
Mt. Scopus
Course/Module Coordinator:
Prof. Shoham Choshen-Hillel
Coordinator Office Hours:
Tuesday, 10:30-13
Teaching Staff:
Prof SHOHAM CHOSHEN-HILLEL
Course/Module description:
In the last decades, central scholars in psychology and economics investigate how people make decisions, choose, and construct judgments. We will focus on the behavioral aspects of decision making. We will discuss both intuitive and deliberative strategical decision making. We will learn about irrational biases and heuristics,and examine ways to overcome these. We'll look at both individual and group decision making.
Course/Module aims:
In this class, we will discuss the main research questions in this area, learn some of its methodologies, and main findings.
Learning outcomes - On successful completion of this module, students should be able to:
Be familiar with central findings in the judgment and decision making literature
Be familiar with common methodologies in this area
Be able to implement insights from this area to mundane examples
Understand the basics of designing an empirical experiment
Understand the implications of the findings to organizations and groups
Attendance requirements(%):
80
Teaching arrangement and method of instruction:
Lecture, guest lectures, group project
Course/Module Content:
Introduction to decision making
Two decision systems
Prospect theory and loss aversion
Biases in decision making
(endowment effect, framing, representative bias, sunk cost, planning bias).
Confidence in decision making
Group vs individual decision making
Wisdom of crowds and advice
public and organizational decisions
games, strategies, and social dilemmas
generosity and fairness decisions
ultimatum and dictator game
Moral decisions
Control, agency and decision making
Required Reading:
Daniel Kahneman, Thinking fast and slow (2013).
Thaler, R. H., & Sunstein, C. R. (2008). Nudge Improving decisions about health, wealth, and happiness. Yale University Press. Introduction, pp. 1-14.
Additional Reading Material:
Grading Scheme :
Written / Oral / Practical Exam 80 %
Submission assignments during the semester: Exercises / Essays / Audits / Reports / Forum / Simulation / others 20 %
Additional information:
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