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Language of Instruction
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English
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Level of Course Unit
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Bachelor's Degree
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Department / Program
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BUSINESS ADMINISTRATION
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Type of Program
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Formal Education
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Type of Course Unit
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Elective
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Course Delivery Method
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Face To Face
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Objectives of the Course
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Describing decision-making under uncertainty.
Identifying common psychological biases in decision-making.
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Course Content
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The course covers decision making theories and some of their applications including both single-person and multi-person decision making. The following topics are discussed: Rational Decision Theory, Single-person Decision Making, Consumer Theory, System 1 and 2 Theory, Psychological Biases, Multi-person decision making, Behavioral decision theories, Heuristics.
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Course Methods and Techniques
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-
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Prerequisites and co-requisities
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None
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Course Coordinator
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Associate Prof.Dr. FATMA SELEN MADENOĞLU
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Name of Lecturers
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Undefined MURAT AKSU
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Assistants
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Research Assist. NAGEHAN KÖSE
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Work Placement(s)
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No
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Recommended or Required Reading
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Resources
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Rational Decision Theory (LO1)
Consumer theory and Single-person Decision Making (LO1, LO2)
Decision Making Under Risk, Prospect Theory (LO1, LO2)
Endowment Effect, Anchoring (LO2, LO3)
System 1 and 2 Theory (LO3, LO4)
Strategic Decision Making, Game Theory (LO1, LO2)
Bounded Rationality, Biases and heuristics (LO3, LO4)
Neuroeconomics& Information Processing Theories (LO3, LO4)
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Course Notes
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-
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