Scribd
Upload
15 views5 pages

MS3205 Behavioural Decision Making

The Behavioural Decision-Making module (MS3205) at Bayes Business School focuses on enhancing decision-making skills for managers by exploring key concepts from decision-making research. It covers various topics including biases, ethical decision-making, and the impact of diversity on decision quality, with assessments based on coursework. The module aims to equip students with practical skills and theoretical knowledge to improve their judgment and decision-making processes.

Uploaded by

Kangyeon Kim
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
15 views5 pages

MS3205 Behavioural Decision Making

The Behavioural Decision-Making module (MS3205) at Bayes Business School focuses on enhancing decision-making skills for managers by exploring key concepts from decision-making research. It covers various topics including biases, ethical decision-making, and the impact of diversity on decision quality, with assessments based on coursework. The module aims to equip students with practical skills and theoretical knowledge to improve their judgment and decision-making processes.

Uploaded by

Kangyeon Kim
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 5

MODULE SPECIFICATION

KEY FACTS

Module name Behavioural Decision-Making


Module code MS3205
School Bayes Business School
Department or equivalent UG Programme
UK credits 15
ECTS 7.5
Level 6
Delivery location
(partnership programmes
only)

MODULE SUMMARY

Module outline and aims

Having a wise judgment and being able to make effective decisions are crucial skills for
managers. This module will introduce you to some of the main ideas, frameworks and
tools developed by decision-making researchers (e.g., behavioural economists,
psychologists of judgement and decision making).

The module will examine how individuals (e.g., managers, consumers, investors,
entrepreneurs) and groups of individuals (e.g., teams) make decisions. It will cover both
descriptive and prescriptive models of decision making.

This module primary aims are to:


• Introduce key ideas and frameworks from decision making research that are
relevant to business and management students
• Develop your decision-making skills

Content outline

Examples of topics that can be covered in the module are:


• The psychology of decision-making: systems 1 and 2; bounded rationality;
perception, memory, and context; heuristics
• Decision making processes and traps at the individual and group levels
• Diversity and decision-making (e.g., impact of cognitive diversity and other forms
of diversity, such as gender, race, on the quality of decision making; awareness
of implicit biases on gender and racial equity; bystander effect)
• Problem solving; Expert decision making; Intuition; Sensemaking
• Choices under risk and uncertainty; forecasting
• Intertemporal choice
• Emotions and decision-making
• Ethical decision making; fairness and social preference in decision making
• Negotiation, strategic interaction; power and decision making
• Risk perception and risk communication
• Debasing techniques (choice architecture and nudges)
• Making business decisions with the support of tools and technologies (e.g.,
Artificial intelligence and decision making)
Pre-requisite
This module does not require prior knowledge.

WHAT WILL I BE EXPECTED TO ACHIEVE?

On successful completion of this module, you will be expected to be able to:

Knowledge and understanding


• Know the processes that underlie judgment and decision-making ;process.
• Recognize and appraise the most common biases and errors in decision
making (at the individual and group levels); why these biases happen; how to
curb implicit biases.
• Learn about the academic field of judgment and decision-making, its major
theories, results, and debates.
Skills
• Acquire practical skills for improving your own judgments and for making
effective decisions.
• Know how to use decision tools and framework in order to overcome decision-
making biases and improve your decision-making skills
• Reflect on your own thinking and decision-making style.
• Manage decision making processes efficiently.
• Deal with social dilemmas and ethical decisions.
Values and attitudes
• Be aware of the way we make decisions.
• Develop ethical thinking about decision-making.
• Be more efficient at making decisions.

HOW WILL I LEARN?

A variety of learning and teaching methods will be used in this course.

Lectures are used to introduce context, concepts and techniques illustrated with
practical and current examples. You will also have the opportunity to participate in
class discussions and work through examples and exercises with the support of the
lecturer. It is strongly recommended that you attend ALL lectures.
Key learning and teaching resources will be put on the module website on Moodle.

Self-directed learning hours are for independent study and account for the minimum
amount of time you should spend studying independently. For example, carrying out
subject research, practicing and reflecting on techniques learned in class, reading
widely around the subject to develop a deeper understanding, carrying out activities
using the VLE, attending induction and career development workshops, working in
groups to complete assignments and presentations, and completing individual
assignments and other homework.

Teaching pattern:

Teaching Teaching Contact Self-directed Placement Total


component type hours study hours hours student
(scheduled) (independent) learning
hours
Lecture Lecture 22 128 150
Totals 22 128 150

WHAT TYPES OF ASSESSMENT AND FEEDBACK CAN I EXPECT?

Assessments

This module is assessed by Coursework only.

Coursework 1 will consist of an essay on original topics.

Coursework 2 will consist of an individual summative piece of written work to be


submitted after the end of the teaching term.

Assessment pattern:

Assessment Assessment Weighting Minimum Pass/Fail?


component type qualifying
mark
Coursework Written 30% 0 N/A
essay 1 assignment,
including
essay.
Coursework Written 70% 0 N/A
essay 2 assignment,
including
essay.
Assessment criteria

Assessment Criteria are descriptions of the skills, knowledge or attributes students


need to demonstrate in order to complete an assessment successfully and Grade-
Related Criteria are descriptions of the skills, knowledge or attributes students need to
demonstrate to achieve a certain grade or mark in an assessment. Assessment
Criteria and Grade-Related Criteria for module assessments will be made available to
students prior to an assessment taking place. More information will be available from
the module leader.

Feedback on assessment

Following an assessment, students will be given their marks and feedback in line with
the Assessment Regulations and Policy. More information on the timing and type of
feedback that will be provided for each assessment will be available from the module
leader.

Assessment Regulations

The Pass mark for the module is 40%. Any minimum qualifying marks for specific
assessments are listed in the table above. The weighting of the different components
can also be found above. The Programme Specification contains information on what
happens if you fail an assessment component or the module.

INDICATIVE READING LIST

Bazerman M, D. Moore (2012) Judgment in Managerial Decision-Making: John Wiley &


Sons, 8th Edition
Gigerenzer G. (2008). Gut Feelings: The intelligence of the Unconscious. Peguin
Books
Kahneman D. (2011) Thinking Fast and Slow: Penguin.
Thaler RH and Sunstein CR. (2008) Nudge. Improving decisions about health, wealth,
and happiness: Yale University Press.

Version: 4.0
Version date: February 2023
For use from: 2023-24

Appendix:
Please complete the following table which is required for correct set up on SITS, and for
external reporting. Further information is available on HESA Cost Centres (here) and
HECoS Codes (here). Guidance is also available in the Quality Manual.
CODES

HESA Cost Centre Description Price Group


133 Business and D
management studies

HECoS Code Description Percentage (%)


100089 The study of managing 100
organisations.

You might also like