BUS 348 - Managerial Decision Making

Unit(s): 4

Trains students how to think through uncertainty in a systematic way, as well as how intuition will be variously helpful across situations. In this course students learn how probability and microeconomic models of choice and preference outline the determination of what the “best” or “most rational” decision is in different contexts (normative decision making). Students learn the psychology involved in pushing humans away from optimal decision making (descriptive decision making). Students discuss and develop strategies aimed at making more optimal decisions (prescriptive decision making).

Prerequisite: BUS 304 or BUS 494
School of Management