744-0105-00L  Module 5: Decisions Heuristics and Systems Thinking Review

SemesterSpring Semester 2021
LecturersB. B. Pearce, M. Stauffacher
Periodicityyearly recurring course
Language of instructionEnglish
CommentOnly for CAS in Collaborative Decision Making Under Uncertainty.


AbstractThis is the fifth of nine modules for the Certificate of Advanced Studies in Collaborative Decision Making Under Uncertainty. The focus of this module is to apply insights from decisions heuristics and systems thinking in order to develop evaluative criteria for the refinement and selection of strategy prototypes.
ObjectiveThe focus of this fifth module is to introduce participants to the heuristics, biases and processes that both individuals and groups encounter in making decisions. Contrasting views of heuristics decision making, as well as the theory of collective action will be used as the background for developing this understanding. These processes will also be linked back to systems thinking.

The learning objectives are to:
- Understand major theories of decision heuristics as it applies to both individuals and groups.
- Connect these theories to systems thinking.
- Develop and refine further solutions to problem definitions.
- Apply decision heuristics and systems thinking to review and select solutions.
LiteratureIncludes selected readings from:

Gigerenzer, G., Todd, P. M., ABC Research Group. (1999). Simple Heuristics that Make Us Smart. Oxford: Oxford University Press.
Kahneman, D. (2011). Thinking, Fast and Slow. New York: Farrar, Straus and Giroux.
Ostrom, E. (2015). Governing the Commons (2nd ed.). Cambridge, UK: Cambridge University Press.
Tversky, A., & Kahneman, D. (1986). Rational Choice and the Framing of Decisions. The Journal of Business, 59(4). Link

Additional reading and exercises will be announced in class.
Prerequisites / NoticeCompletion of Modules 1-4.
All modules must be completed in order to receive the certificate.