Judgment and Decision-Making

Register 5 weeks in advance and get an early bird discount of 10%

For safety reasons, all the Executive Education classes are held in line with the WHO and Luxembourg Ministry of Health guidelines. The size of the group is limited to 25 participants.

Overview

This module will introduce the psychology of human judgment and decision-making. We will focus on understanding when and why decision-makers in markets and firms make rational or irrational decisions. The emphasis is on the underlying psychological processes and their consequences. The emphasis is on the underlying psychological processes and their consequences. For example, we will study questions such as these: > Why do people have inconsistent and shifting preferences? What are the implications for your business? > Why do forecasts often fail? When do intuitive predictions work and when does it lead to poor judgment? > How can decision processes be manipulated or improved?

Program Objectives

• To provide an overview of important biases in decision-making, judgment, and explanations of such biases.
• To explain how experimental methods, combined with theory, can reveal how decisions get made
• To improve your decision-making by understanding biases and how they could be corrected.

Certificate

Upon completion of the program, you will receive a certificate to add to your CV and LinkedIn profile.

Faculty

Ivo Vlaev joined Warwick Business School, University of Warwick, as a professor of Behavioural Science in 2014. Professor Vlaev received his doctorate (D.Phil.) in Experimental Psychology from the University of Oxford. He was formerly a Research Fellow at University College London and a Senior Lecturer in Behavioural Sciences at Imperial College London. He has a track record of research in cognitive science and behavioural economics, which is published in peer-reviewed academic journals, book chapters and government reports.

Contact

Julien Alves
Executive Education Program Manager
Email: julien.alves@luxsb.lu
Mobile: + 352 621 659 555
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