The Psychology of Decision Making and Judgment

This course is an introduction to the main issues and research findings underlying decision-making and judgment under uncertainty. The focus is on the contrast between the normative theory of judgment and choice, and the psychological principles that guide decision behavior, often producing biases and errors. The course objectives are to introduce students to key issues in the field, discuss how individuals can recognize and address their own decision traps, and understand how policymakers are using the psychology of judgment and decision making to improve human welfare.