PSYC 4510 Judgment and Decision Making

Judgment and Decision-Making is an interdisciplinary course blending theories from psychology, business, and economics to assess real-world decisions and predict most-probable outcomes. It is an examination of how individuals and organizations shift decision-weight in response to uncertainty, risk, and constraint. Content covers rational models, deviations from rationality, and the influence of emotion, persuasion, social context, incentives, and information environments on judgment.

Registration Name

Judgment and Decision Making

Lecture Hours

3

Lab Hours

0

Credits

3

Prerequisite

PSYC 4410 recommended

Student Learning Outcomes

At the conclusion of the course, students are expected to be able to:

1. Construct and defend decision recommendations based on normative, descriptive, and prescriptive models of decision making.
2. Evaluate conditions under which heuristics are adaptive vs. harmful.
3. Apply decision science principles to domains such as policy, business strategy, and personal choice to predict outcomes.
4. Identify how incentives, institutions, emotions, social context, and cognitive architecture distort reasoning.