Ementorhub

What you'll learn

Clarify the concept of decision-making in the context of organizations and its relevance for the managerial role.

Understand what are rational decisions, decision processes, decisions under risk, and the limits to our rationality in decision-making

Learn how to apply techniques to improve decision quality, such as PROACT, Decision Trees, Certainty Equivalent, Problem Solving Cycle, and MAP.

Skills you'll gain

Data-Driven Decision-Making

Psychology

Decision Tree Learning

Decision Making

Systems Thinking

Complex Problem Solving

Risk Analysis

Analysis

Organizational Strategy

Behavioral Economics

Strategic Decision-Making

Business Risk Management

Probability

Virtual Teams

There are 5 modules in this course

In this course, you will learn the concept of decision making from the rational and psychological points of view. We will discuss the limits to rationality; the interplay between emotional thinking and rational thinking when making decisions; the systematic errors provoked by our cognitive biases and by the use of heuristics; the role of emotions and intuition in decisions; the aleatory errors (noise); and possible remedies and leverage on all these aspects when making decisions.

Decision making process and problem solving

Decision analysis

Decision making in groups

New perspectives in decision making