This page is a means of distributing lecture slides, reading assignments, and other information related to the short module on descriptive decision theory. Further information, including examination information, is contained in the course Canvas pages for the 0LSUA0 and 0LSUC0 long modules, as well as in the corresponding study guides.
All materials distributed through this website are protected by a username and password that are distributed during the first short module lecture.
In the short module on descriptive decision theory (DDT), we look at the extent to which psychological processes of judgment and decision-making diverge from normative principles, and on the ways in which heuristics, biases, nudging, and decision-strategies are used, accommodated, and at times even exploited.
To complete this short module successfully, students must complete one assignment (due on January 15th, via the Canvas pages). This assignment will pose questions similar in structure to those on the exam, but may require some online research.
In addition to the assignment, a section of the final exam (on January 22nd 13:30-16:30) for both 0LSUA0 and 0LSUC0 will be dedicated to this short module. A practice exam which is closely representative of the structure and content of the DDT final exam section has been made available here, with answers here.
| Monday, 18.12.2023 8:45-10:30 | Luna 1.240 | Bounded Rationality Peterson, M. (2009). An Introduction to Decision Theory (Chapter 14), Cambridge University Press. |
| Thursday, 21.12.2023 13:30-15:15 | MS Teams | Heuristics, Biases, and Nudging Tversky, A. & Kahneman, D. (1974). Judgment under Uncertainty: Heuristics and Biases. Science 185(4157): 1124-1131. Todd, P. & Gigerenzer, G. (2003). Bounding Rationality to the World. Journal of Economic Psychology 24: 143-165. |
| Monday, 08.01.2024 8:45-10:30 | Luna 1.240 | Prospect Theory Kahneman, D. & Tversky, A. (1984). Choices, Values, and Frames. American Psychologist 39(4), 341–350. |
| Thursday, 11.01.2024 13:30-15:15 | Neuron 0.266 | Decision Strategies Bettman et al. (1998). Constructive Consumer Choice Processes (pages 187-192). Journal of Consumer Research 25(3): 187-217. |
| Thursday, 18.01.2024 13:30-? | MS Teams | Exam Review |