Course Description
Examination of decision making from psychological, rational, and statistical approaches. Topics include common biases, rationality and bounded rationality, escalation of commitment, group, ethics, negotiations, and emotions in decision making, improving decision making. Prerequisite: MGT 312; Junior standing
Syllabus
Student Learning Outcomes, Goals, Objectives:
Students successfully completing this course will be able to:
- Analyze decisions from psychological, behavioral, and rational model perspectives.
- Demonstrate how bounded rationality and satisficing affect managerial decisions.
- Explain fair and ethical approaches to decision making.
- Analyze the influence of interpersonal and cognitive processes on decision making and managerial judgments.
- Apply models to make decisions under uncertainty and crisis.
- Apply the principles of conflict and negotiation in a decision-making environment.
Course Grading Information:
| Activity/Performance Measure | Percentage/Points |
|---|---|
| Homework | 20% |
| Reflection Report 1 | 15% |
| Reflection Report 2 | 25% |
| Final Exam | 25% |
| Participation & Professionalism | 15% |
Grading Scale:
| Percentage | Letter Grade |
|---|---|
| 92.5 – 100+ | A |
| 89.5 – 92.4 | A- |
| 86.5 – 89.4 | B+ |
| 82.5 – 86.4 | B |
| 79.5 – 82.4 | B- |
| 76.5 – 79.4 | C+ |
| 72.5 – 76.4 | C |
| 69.5 – 72.4 | C- |
| 59.5 – 69.4 | D |
| Below 59.5 | F |
Attendance/Participation:
Students are responsible for all material covered during class meetings. Attending class earns students 1 Participation point per day. Additional participation points are earned by:
Participating in class discussion (1 point per day)
Contributing a question or comment that advances our discussion (1 point per day)
Asking or answering questions in one of our Discussion Forums on our online Learning Management System, currently Canvas. (1 to 3 points depending on meaningfulness) Note: inquiries about readily available information (e.g., “When is the final?”) will receive no points
Students should only consult with the instructor about attendance if they anticipate missing more than classes in a row and believe those absences could impact their grade.
Course Materials Purchased by the Students:
Judgment in Managerial Decision Making (8th ed.) by Max Bazerman & Don Moore. Wiley, 2013.
Scholarly Perspectives
This course engages diverse scholarly perspectives to develop critical thinking, analysis, and debate and inclusion of a reading does not imply endorsement.