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Syllabus Decision Theory

This 6-credit course on decision theory provides an overview of classical and modern decision theory approaches. The course covers expected value theory, decisions under risk and uncertainty, Bayesian analysis, prospect theory, computational models of decision making, and alternatives to classical decision theory. Students will learn key concepts, examine empirical and normative perspectives, and discuss how decision theory relates to cognitive science fields like psychology. Assessment includes oral seminar assignments, written assignments, and a final exam.

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59 views4 pages

Syllabus Decision Theory

This 6-credit course on decision theory provides an overview of classical and modern decision theory approaches. The course covers expected value theory, decisions under risk and uncertainty, Bayesian analysis, prospect theory, computational models of decision making, and alternatives to classical decision theory. Students will learn key concepts, examine empirical and normative perspectives, and discuss how decision theory relates to cognitive science fields like psychology. Assessment includes oral seminar assignments, written assignments, and a final exam.

Uploaded by

Bom Villatuya
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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DNR LIU-2009-00927

1(4)

Decision Theory
Programme course
6 credits
Beslutsteori
729A82
Valid from:

Determined by
The Quality Board at the Faculty of Arts and
Sciences

Date determined
2010-09-24

LINKÖPING UNIVERSITY
FACULTY OF ARTS AND SCIENCES
LINKÖPING UNIVERSITY DECISION THEORY
FACULTY OF ARTS AND SCIENCES 2(4)

Main field of study


Cognitive Science

Course level
Second cycle

Advancement level
A1X

Course offered for


Master Programme in Cognitive Science

Entry requirements
For admission to the course, admission to the Master's Programme in Cognitive Science,
or the equivalent, is required.

Intended learning outcomes


On completion of the course, the student should be able to:
- apply the most important concepts and perspectives that are used in decision theory as it
is carried out within different disciplines, for example psychology, economics, political
science or philosophy
- account for the consequences that arise when viewing questions regarding decisions
from a normative or a descriptive perspective.
- be familiar with central research results in decision theory.
- explain how these results and the questions that are discussed in decision theory are
linked to basic conceptions of the human cognition
- demonstrate how different ways of understanding central terms, for example probability
and risk, are treated from a decision theory perspective
- account for how decision theory questions may have relevance for other disciplines in
the cognitive science field, such as psychology, applied mathematics, human-computer
interaction, simulation theory, neuroscience or philosophy.

Course content
LINKÖPING UNIVERSITY DECISION THEORY
FACULTY OF ARTS AND SCIENCES 3(4)

Decision theory is the study of how decisions are made. It is, however, not only the
psychological empirical study of how people actually make decisions, but at least as much
a study of how decisions should be made, which types of factors that should be taken
into account at decision making and how these factors should be combined. A classical
approach is that decisions should be a question of maximising expected value, where the
expected value is a product of the probability of an outcome and its value. This has been
the prevailing theory for a long time, but in recent decades alternative views have been
developed.

The course will begin with a general overview of classical decision theory, and then move
on to more specific questions and different developments of or alternatives to this
classical theory. Subjects and problems that are brought up in the course are:
- theories of expected value (expected utility theory)
- decisions under risk and decisions under uncertainty
- Bayesian analysis
- behavioural decision theory, including theories of heuristics and biases - prospect theory
- computational models of decision making
- alternatives to classical decision theory.

Teaching and working methods


The teaching takes the form of lectures and compulsory seminars. In addition to this, the
student should apply self-study. Part of the teaching may take place as distance education.

Examination
The course is examined through oral assignments that are presented in seminars, written
assignments and a written examination. The seminars are compulsory and constitute part
of the examination. Active participation in the seminars is required. Detailed information
can be found in the study guide.

Grades
,

Other information
Planning and implementation of a course must take its starting point in the wording of the
syllabus. The course evaluation included in each course must therefore take up the
question how well the course agrees with the syllabus. The course is carried out in such a
way that both men´s and women´s experience and knowledge is made visible and
developed.
LINKÖPING UNIVERSITY DECISION THEORY
FACULTY OF ARTS AND SCIENCES 4(4)

Department
Institutionen för datavetenskap

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