Individual and Interactive Decision Making

Module code: PS3109

In this module you will learn about individual and interactive judgement and decision making. This covers how we take decisions when faced with choices, and also interactive decisions where there are other people whose decisions influence us and our outcomes. Interactive decision making is modelled using game theory. The module aims to demonstrate how to employ knowledge of judgement and decision-making concepts in everyday applied situations. You will learn about how decisions can be framed and how ‘choice architects’ can ‘nudge’ us to take certain decisions rather than others.

Topics covered 

  • Biases in judgement
  • Heuristics
  • Confidence
  • Cooperation and competition
  • Social dilemmas
  • The influence of factors such as framing and temporal effects on decision making

Learning

  • 15 hours of lectures 
  • 5 hours of practical classes and workshops
  • 130 hours of guided independent study

Assessment

  • Exam, 2 hours (100%)