Judgment and Decision-Making
(Same as PUBLPOL305A/IPS207A)This course explores theories and research on heuristics and biases in human inference, judgment, and decision making as well as experimental and theoretical work in prospect theory (particularly the phenomena of loss and risk aversion), support theory, and more generally the challenges that psychology offers to the rationalist expected utility model. In addition, it examines attempts to meet this challenge through integration with contributions of modern behavioral economics; decision-making biases and phenomena of special relevance to public policy, such as group polarization, "group think," the problem of collective action, and other influences on decision-making.