PSY 3200 - Judgement and Decision Making

Crosslisted: Also listed as ECON 3200

Goals: Students in this course will be able to articulate the history of Judgement and Decision Making (JDM) research, explain key JDM theories, and apply JDM theories to specific areas of human behavior using appropriate methodology from economics or psychology.

Content: We make judgments and decisions on a daily basis: some are trivial, others consequential; some are made as individuals, others as part of a larger household or organization. How do humans arrive at judgments and decisions in varied contexts? This course provides an overview of the topics in judgment and decision making (JDM) under conditions of risk, uncertainty, interdependence, or bounded rationality. We will apply JDM theories to varied contexts (e.g., medical decision making, consumer behavior, discrimination, and gambling), explore the history of this field of study, and contrast methodological approaches used to study JDM in psychology and economics.

Prerequisite: ECON 1100 or ECON 1310 or PSY 1330 (grade of C- or better)

Credits: 4