Psychology of Decision Making

01:830:534:01 & 2

Spring 2016

Gretchen Chapman
E-mail: gretchen (dot) chapman (at) rutgers (dot) edu
Office: Psychology Building room 223, Busch Campus
Office Hours: by appointment
Phone: (848) 445-2640
Fax: (732) 445-2263

 

Class time and location

Rutgers University Psychology 01:830:534:01 & 2, cross-listed with 16:185:602:01

Spring 2016 semester

Section 1: Tuesdays 9:00 11:30 am, Psychology Building room 101

Section 2: Tuesdays 2:45 5:15 pm, Psychology Building room 101

 

Course Description:  How are decisions actually made and how do these processes differ from the best or optimal methods for decision making? This course will contrast normative and descriptive theories of reasoning, judgment, and decision making. We will explore judgments of risk and uncertainty, including research on calibration, hypothesis testing, and heuristics and biases. An analysis of decision making will include a comparison of expected utility theory with the psychological model Prospect Theory. Other topics include preference reversals, affect and decision making, self control, game theory, and moral decisions. Many of the examples and applications will come from health and medicine; other areas of application include business, law, and public policy.

 

2016 Syllabus

 

 

Syllabus from 2014
Syllabus from 2011

 

Course readings will be posted on sakai.rutgers.edu